The greyhound industry was reunited from an administrative perspective in the 2009/10 financial year with the merger of GRNSW and the greyhound component of the Greyhound and Harness Racing Regulatory Authority taking effect on 1 July 2009.
Product Fees are the major source of GRNSW income, providing $30,448,406 or 76% of income to the sport in the 2012/13 financial year.
The allocation of Product Fees is set out under a 99 year industry agreement between the three codes of racing in NSW (the Inter-Code). Under these arrangements, the three codes receive a set proportion of TAB revenues paid to the racing industry, regardless of the proportion they contribute to TAB revenue through sales on their product. GRNSW receives 13% of TAB funds distributed but accounts for 20% of TAB sales. The Inter-Code does not take into account the changing landscape of the industry, nor provide any incentive or reward for efficiency, innovation or growth.
The introduction of Racefields Legislation in 2008 means that all Australian wagering operators now pay GRNSW a fee for using NSW greyhound racefield information. This fee is payable directly to GRNSW and as such there is a direct correlation between the performance of NSW greyhound racing and the racefields revenue GRNSW receives from Australian wagering operators.
In 2012/13 the reported income for Racefield Information Use Fees was $6,734,242, representing 16.8 per cent of industry income.
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Greyhounds As Pets (GAP) is an initiative of Greyhound Racing NSW and is dedicated to finding homes for greyhounds. Greyhounds can make fantastic pets – they are quiet, lazy and gentle dogs that thrive in the family home environment.