Racing punters are set to pump an impressive $30 million into the New South Wales economy as they celebrate the upcoming TAB Everest Day at Royal Randwick on Saturday, October 19, according to an exclusive economic analysis by Business Sydney.
Paul Nicolaou, executive director of Business Sydney, remarked that the richest race in turf history is poised to “send a ripple of excitement across the length and breadth of our city.”
🏔️ IT'S TAB EVEREST WEEK 🏔️@tabcomau | @SkyRacingAU | @racing_nsw | @7horseracing pic.twitter.com/PYwa9KIz9H
— Australian Turf Club (@aus_turf_club) October 13, 2024
“Apart from the feel good factor, the Everest and the eight-week racing carnival associated with it creates very tangible economy boosting results for hotels, clubs, restaurants, cafes and point to point transport operators,” Mr Nicolaou told The Sunday Telegraph.
“The big day alone is a supercharged event with consumer spending leading up to it at around $30 million – add to this the 2,000 jobs associated with the Everest.
“Over the eight week carnival, consumer spending just continues to add to the cumulative total.”
The Business Sydney leader further noted that the $30 million figure didn’t include wider business activity, such as sponsorships and marketing.
Source: The Daily Telegraph.
