Racing Victoria

https://www.racingvictoria.com.au/
https://www.linkedin.com/company/racing-victoria-limited/

Racing Victoria is a privately owned company headquartered in Australia, with approximately 310 employees, and reported $339.6M in revenue as of 2025. The company operates as a tier 1 media tech buyer. Established in 2001, Racing Victoria provides independent governance of the Victorian thoroughbred racing industry, specializing in spectator sports.

2025 Revenue

Founded

Headcount

304

Headquarters

Australia

Primary Segment

Spectator Sports

Ownership

Privately Owned

News Summary:

Australia’s three most prominent racing executives will speak before a Senate Committee next week to discuss proposed amendments to legislation governing wagering advertising, following a submission from Racing Australia warning of regulatory overreach on July 31, 2026. Previously, on July 25, Victorian racing saw six more stables face charges related to the drawn-out breast cancer drug saga, with trainers implicated after their horses tested positive for a mysterious substance plaguing the industry for three years. This followed significant debate, highlighted on July 5, concerning the penalties in the Anthony and Sam Freedman case, particularly Racing Victoria's special condition allowing the business to continue. Earlier, on July 2, Racing Victoria finalized a deal to keep the Freedman stable running, significantly reducing a disqualification for raceday treatment breaches to 28 days, a move that surprised many in the industry. At the start of July, Racing Victoria implemented smart scheduling, staging more quality racing during peak times to grow wagering revenue and control costs in a mature market.

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Racing Victoria offers 5 products in the media and telecoms services and sports industries. Racing Victoria's product portfolio comprises of sports tickets, merchandise and sponsorship, search, social, and retail media and riding and animal sports.

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Racing Victoria's revenues were less than $500M in 2025. Caretta Research has split Racing Victoria's revenue into 4 different product categories, the largest of which is matchday revenues. For full access to Racing Victoria's revenue breakdown subscribe to Caretta Portal.

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Jul

31st

2026

03:15

Regulatory and Legal, B2B Tag, Regulations and Policies

Powerful racing industry group heads to Canberra as wagering reform debate intensifies – The Straight

Australia’s three most prominent racing executives will speak before a Senate Committee into proposed amendments to the legislation governing wagering advertising next week as a submission made by Racing Australia warned of the threat posed by regulatory overreach.

Thestraight (com.au)

Jul

25th

2026

00:56

B2B Tag, Legal Issues and Lawsuits, Regulatory Compliance

Another six racing stables to face the heat over breast cancer drug charges

Victorian racing was further rocked on Friday by the drawn-out breast cancer drug saga after it was announced trainers from another six stables have been hit with charges of their horses testing positive to a mysterious substance that has plagued the industry for the past three years.

MSN Australia

Jul

5th

2026

20:29

Management Changes, B2B Tag

Mad Monday with the Rooter: Freedman case exposes racing’s penalty problem, Australia’s best $80,000 race, let Hawkesbury stand on its own plus one for…

Mandatory penalties aren’t mandatory and racing should stop pretending There has been a lot of debate about the Anthony and Sam Freedman case, from the penalty to the special condition from Racing Victoria allowing the business to continue.

Betsy (com.au)

Jul

2nd

2026

03:44

B2B Tag

Exclusive: Inside Racing Victoria’s secret deal to keep the Freedman stable running

The disqualification for the training partnership of Anthony and Sam Freedman starts today, with the penalty sensationally further watered down by Racing Victoria, Betsy can reveal. Many within the industry were shocked when the Freedmans were only given a 28-day disqualification after being found guilty of raceday treatment breaches on Wednesday, and some questioned whether Racing Victoria would appeal.

Betsy (com.au)

Jul

1st

2026

23:56

B2B Tag

Smart scheduling: Racing Victoria’s latest move is good business

The majority of racing jurisdictions face the same challenge. How do you grow revenue through wagering in a mature market while controlling costs? One of the simplest answers is to stage more quality racing when more people are available to watch and bet.

Betsy (com.au)

Jun

10th

2026

01:34

B2B Tag

RV shifts VOBIS funding to boost grassroots racing – The Straight

Racing Victoria will maintain a $30 million VOBIS prize money pool but reallocate the financial incentives across a broader range of races in an attempt to increase the number of connections benefiting from the long-standing owner-breeder scheme.

Thestraight (com.au)

Jun

8th

2026

01:00

Awards and Recognitions, B2B Tag

King's Birthday honour for Living Legends icon

Dr Andrew Clarke, one of the founders of the much-awarded thoroughbred retirement home Living Legends, has been applauded for his commitment to equine welfare after receiving a Medal of the Order of Australia (OAM) in the King’s Birthday honours list.

Racing.com

Jun

3rd

2026

12:29

B2B Tag

Melbourne Cup-winning trainers fighting to avoid disqualification for banned treatment on raceday

Melbourne Cup-winning trainers Anthony and Sam Freedman are fighting to avoid a potential three-month disqualification for banned raceday treatment. The father-and-son training partnership pleaded guilty to three charges in relation to the treatment of two intended runners, Kira and Moonhaven, at Caulfield on August 16 last year.

Racing Post

Jun

2nd

2026

00:01

Regulatory and Legal, B2B Tag

How a mysterious breast cancer drug found in horses could lead to ‘Russian roulette’ at the races

Renowned trainers Patrick Payne and Tom Dabernig are soon to front the Victorian Racing Tribunal on positive tests to a mysterious breast cancer drug, despite the emergence of research that shows their horses could have produced the substance naturally.

The Sydney Morning Herald

May

27th

2026

01:50

Corporate Restructuring, B2B Tag

Mergers on the cards, times up for TB at .com, racing’s FightMND push, jockey on jockey feedback, wet track forecast and racing royalty set for Ascot?

Mergers will happen Expect club mergers to become a big focus for Victorian racing post the November state election. Betsy revealed on Wednesday that there had been approach for the Moonee Valley Race Club to merge with the Melbourne Racing Club.

Betsy (com.au)

May

23rd

2026

18:35

B2B Tag

Dabernig set for fine in explosive Formestane drug saga

Tom Dabernig has struck an agreement with Racing Victoria that will likely see him fined for presenting a horse to race with several banned substances in its system. Dabernig is the latest trainer to face charges relating to the presence of Formestane and 4-hydroxytestosterone, as well as Testosterone, in a raceday urine sample from one of his horses.

Betsy (com.au)

May

14th

2026

21:13

Cost Cutting, Layoffs, B2B Tag

Racing Victoria apprentice shake-up claims coach

Racing Victoria has made one of their apprentice jockey coaches redundant. Alf Matthews, who worked alongside former riding great Darren Gauci, was recently informed his tenure at Racing Victoria was over after 14 years with the administrator.

Betsy (com.au)

Racing Victoria has suppliers like Hawk-Eye Innovations.

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Racing Victoria sells broadcasting rights of its 2 horse racing competitions to 5 companies globally, covering 2 countries. Racing Victoria's rights holders include Racing.com and Seven Network.