Racing Victoria

What Racing Victoria does

Racing Victoria is the statutory controlling body for thoroughbred horse racing in the State of Victoria, Australia, appointed under section 3 of the Racing Act 1958 (Vic). Established in 2001 as a public company limited by guarantee, it provides independent governance of the Victorian thoroughbred racing industry and is headquartered at Flemington, Melbourne, with 251-500 employees. Its core function is regulatory and operational oversight of racing, licensing of participants, enforcement of integrity standards, and management of state-level incentives for the racing ecosystem.

The organisation operates a multi-platform digital ecosystem anchored by racingvictoria.com.au and the Racing.com media subsidiary. Core products include the VOBIS incentive scheme (Australia's richest Owner & Breeder incentive program, distributing up to $30 million annually across Silver, Gold, and Platinum tiers), the Ratings Based Handicapping system, participant licensing portals, Stewards' Reports, the Inside Racing monthly publication, the Stableline mental health service, and wagering regulation. Distribution occurs through four metro racing clubs (VRC, MRC, MVRC, Southside), Country Racing Victoria's network of regional clubs, Racing Australia's national licensing infrastructure, and wagering service providers approved under the Gambling Regulation Act 2003.

Racing Victoria's revenue mechanics derive from three primary streams: wagering licensing and race field approval royalties from bookmakers and wagering operators; participant licensing fees administered via Racing Australia; and the VOBIS prizemoney/bonus/voucher distribution system. Customer segments include racehorse owners (primary), licensed trainers, jockeys, stable employees, breeders, bookmakers, and racegoers/punters. The wholly-owned subsidiary Racing.com Media Pty Ltd provides additional media and content monetisation, while Victorian Thoroughbred Racing IMB Pty Ltd (VTRIMB) supports racing operations. No external venture capital or private equity ownership is indicated.

Name

Racing Victoria

Legal name

Racing Victoria Limited

Website

https://racingvictoria.com.au

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Racing Victoria is the statutory controlling body for thoroughbred horse racing in Victoria, Australia, providing independent governance, licensing, integrity oversight, and wagering regulation under the Racing Act 1958. It serves racehorse owners, trainers, jockeys, breeders, bookmakers, and wagering service providers across the state.

Ownership category

akta.pro rank

Product category

Thoroughbred Racing Governance

NAICS

Racetracks (711212), Spectator Sports (7112), Spectator Sports (71121)

SIC

Services-Racing, Including Track Operation (7948), Services-Membership Sports & Recreation Clubs (7997)

akta.pro primary industry

Racing Associations, Governance & Integrity Services (MPAEADAL)

akta.pro secondary industries

Racetrack & Race Meeting Operations (MPAEADAA), Racing Technology & Timing/Tracking Infrastructure (MPAEADAN), Jockeys, Drivers & Officials (Licensing/Representation) (MPAEADAK)

Keywords

• Thoroughbred racing governance
• Race meeting management
• Wagering licensing regulation
• Equine welfare services
• Prizemoney distribution

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Wagering Licensing and Regulation: Racing Victoria is responsible for licensing bookmakers in Victoria and manages race field approvals to wagering service providers in accordance with the Gambling Regulation Act 2003 (Vic).
2. Participant Licensing: Licensing and administration of various racing participants including trainers, jockeys, stable employees, veterinarians, farriers, and float drivers through Racing Australia.
3. VOBIS Prizemoney Distribution: Distribution of up to $30 million annually in VOBIS prizemoney, bonuses and vouchers to eligible racehorse owners, trainers, nominators and jockeys.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Racing Victoria is the statutory controlling body for thoroughbred horse racing in Victoria under the Racing Act 1958, responsible for regulating race meetings, licensing participants (trainers, jockeys, stable employees, veterinarians, farriers, bookmakers), enforcing integrity standards through the Rules of Racing, and distributing up to $30 million annually in prizemoney through the VOBIS incentive scheme. It manages wagering licensing, race field approvals, equine welfare programs, and the Victorian racing calendar across metro, provincial, and country venues.

Product overview

Racing Victoria operates a multi-platform digital ecosystem serving the Victorian thoroughbred racing industry. The core platform is the Racing Victoria website (racingvictoria.com.au), which serves as the primary portal for racing operations, participant management, and industry governance. Supporting the core website are modular services including Inside Racing (monthly digital publication), Stableline (mental health support), VOBIS incentive scheme, Racing Calendar, Stewards' Reports, and various participant services. The organization functions as a regulatory and governing body rather than a traditional product company, with digital services designed to support racing operations, licensing, welfare, and wagering regulation rather than a unified commercial product.

Differentiator

Problem solved

Functional benefit

Products and services

• Racing Victoria Website The primary digital platform for Racing Victoria, providing information on racing calendar, race meetings, results, participant licensing, equine welfare, integrity reports, and industry news for Victorian thoroughbred racing.
• VOBIS (Victorian Owner & Breeder Incentive Scheme) Australia's richest owner and breeder incentive program offering up to $30 million annually in prizemoney, bonuses, and vouchers across VOBIS Silver, Gold, and Platinum tiers for eligible Victorian racehorse owners, trainers, nominators, and jockeys.
• Stableline Free confidential mental health and wellbeing support service for Racing Victoria licensed/registered participants and their immediate family members, provided through Acacia EAP and accessible 24/7.
• Inside Racing A monthly digital publication providing race and trial programs, nomination deadlines, race series information, and Stewards' notices for trainers, jockeys, and owners competing in Victoria.
• Racing Calendar Digital scheduling tool providing access to Victorian racing dates and programs across metro, provincial, and country race meetings, enabling participants to search and plan race schedules.
• Stewards' Reports Official integrity reports documenting race day decisions, rule breaches, and disciplinary actions from Victorian thoroughbred races, published for industry transparency.
• Participant Licensing Online licensing and registration system for trainers, jockeys, stable employees, veterinarians, farriers, and float drivers in Victorian thoroughbred racing, administered through Racing Australia with renewals tied to the racing season.
• Equine Welfare Programs Comprehensive welfare services including veterinary care protocols, horse traceability, welfare concern reporting, and after-racing transition support for thoroughbred racehorses competing and residing in Victoria.
• Wagering Licensing & Regulation Bookmaker licensing, stand allocations, compliance and regulatory oversight for wagering operations in Victoria, including race fields policy, race field approvals to wagering service providers, and responsible gambling initiatives under the Gambling Regulation Act 2003 (Vic).
• Learning Portal Online education platform for industry participants to complete mandatory courses including equine welfare training and other professional development programs.
• Owner Gold Card Digital and physical raceday privilege card for registered Victorian racehorse owners providing admission passes, members' passes, complimentary racebooks, parking, and access to on-course owners' facilities with race replay facilities.
• Racehorse Planner Tool for racehorse owners to search and plan their horse's race schedule and calendar across the Victorian racing program.
• Equine Emergency Support Emergency support resources for horse welfare including contact information, SES resources, CFA guidance, agistment availability listings, and bushfire management for the Victorian thoroughbred racing industry.
• Victorian Racing Tribunal Adjudicative body hearing appeals, serious offence charges, and matters referred by all three Victorian racing codes (thoroughbred, harness, greyhound) and their Stewards.
• HR Assist Employment resource providing human resources guidance to support Victorian thoroughbred racing industry participants with workplace matters.
• Digital Owner Tickets Trial Trial of digital owner tickets at select race meetings, replacing physical admission methods with mobile/electronic access for Victorian racehorse owners.

Quantifiable outcome

• VOBIS offers up to $30 million in prizemoney, bonuses and vouchers annually to Victorian owners and breeders
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Stopline Pty LtdcoreImplementation/ SI/ Consulting Partner · 28 September 2021External independent whistleblowing service provider engaged by Racing Victoria for anonymous and confidential disclosures under the Whistleblower Policy. Available 24/7 for reporting misconduct or improper conduct.
• Thoroughbred Breeders VictoriacoreStrategic or Co-development PartnerThoroughbred Breeders Victoria is listed as a supporting organization for the VOBIS Sires program, supporting Victorian breeders at international, national and state levels. Contact: [email protected]
• Racing Analytical Services LimitedcoreTechnology or IntegrationListed as a contractor providing services to Racing Victoria in integrity investigations and operations. RV may disclose personal information to contractors assisting in investigations.
• Victorian Bookmakers AssociationcoreChannel Partner/ Reseller/ DistributorContact point for lost or unclaimed tickets. Partners with Racing Victoria on wagering regulation and bookmaker licensing administration.
• Racing AustraliacoreStrategic or Co-development PartnerNational governing body managing licensing processes on behalf of Racing Victoria. Handles Stable Assist accounts for licence renewals, racing participant registrations, and VOBIS program administration.
• OTT CommunityminorStrategic or Co-development PartnerOff The Track community platform featured on Racing Victoria racing sites, supporting thoroughbred after-racing welfare and transition programs.
• Acacia EAPcoreImplementation/ SI/ Consulting PartnerProvider of STABLELINE confidential counselling services, offering free 24/7 professional mental health support to Racing Victoria licensed/registered participants and immediate family members.
• Country Racing VictoriacoreChannel Partner/ Reseller/ DistributorClub member organization representing country racing clubs across Victoria. One of four club members in Racing Victoria's membership structure alongside Melbourne Racing Club, Moonee Valley Racing Club, and Victoria Racing Club.
• Melbourne Racing ClubcoreChannel Partner/ Reseller/ DistributorClub member operating Caulfield racecourse. One of four club members in Racing Victoria's membership structure alongside Country Racing Victoria, Moonee Valley Racing Club, and Victoria Racing Club.
• Moonee Valley Racing ClubcoreChannel Partner/ Reseller/ DistributorClub member operating Moonee Valley racecourse. One of four club members in Racing Victoria's membership structure alongside Country Racing Victoria, Melbourne Racing Club, and Victoria Racing Club.
• Victoria Racing ClubcoreChannel Partner/ Reseller/ DistributorClub member operating Flemington racecourse, home of the Melbourne Cup. One of four club members in Racing Victoria's membership structure alongside Country Racing Victoria, Melbourne Racing Club, and Moonee Valley Racing Club.
• Victorian Gambling and Casino Control CommissioncoreOthersRegulatory authority to whom personal information may be disclosed in relation to integrity investigations or matters as required or authorised by law.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tasracing: Controlling body for all three racing codes (thoroughbred, harness, greyhound) in Tasmania. Comparable as a smaller-state regulator with similar integrity and licensing functions.
• Racing NSW: Statutory controlling body for thoroughbred racing in New South Wales under the Racing NSW Act. Directly comparable to Racing Victoria in mandate (licensing, integrity, prizemoney, welfare) and governance structure.
• Racing Queensland: Controlling body for thoroughbred racing in Queensland. Directly comparable as another Australian state-based racing regulator with licensing, wagering, and prizemoney responsibilities.
• British Horseracing Authority: UK national regulator for thoroughbred racing. Comparable as a foreign national/state regulator with licensing, integrity, and race-planning responsibilities analogous to Racing Victoria.
• Racing South Australia: State controlling body for thoroughbred racing in South Australia, with parallel licensing, integrity, and racing-calendar functions to Racing Victoria.
• Racing and Wagering Western Australia: Statutory authority governing thoroughbred racing and wagering in Western Australia. Directly comparable in regulatory scope and participant licensing.

Broad incumbents

• The Jockey Club: Largest commercial horse racing organisation in the UK with extensive ownership of racecourses. Comparable through race-meeting oversight and commercial racing infrastructure, though broader than a state regulator.
• Hong Kong Jockey Club: Sole operator of horse racing and the dominant wagering operator in Hong Kong. Comparable in combining racing governance with integrated wagering and a charitable monopoly structure.

Regional players

• New Zealand Thoroughbred Racing: National body for thoroughbred racing in New Zealand. Comparable in mandate (governance, licensing, integrity, prizemoney) but serves a different national market across the Tasman.

Others

• Racing Australia: National industry body and parent of the Australian Stud Book; administers national licensing on behalf of state bodies including Racing Victoria. Related through the licensing ecosystem rather than direct competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/racingvictoria

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Racing Victoria