KEY FIGURES

Bloodstock sales increase for seventh consecutive year

Entries, runners and field sizes increase year-on-year

Tote Ireland turnover grows for seventh year in a row

After a year in which Irish-trained horses enjoyed unprecedented success on the track, Horse Racing Ireland (HRI) today announced a positive set of 2017 industry figures.

Nineteen Irish-trained winners at the 2017 Cheltenham Festival set the tone for a year of international success, followed by a Melbourne Cup success for 24-year-old trainer Joseph O’Brien, and a world record 28 Group and Grade 1 winners for his father, Aidan.

Irish bloodstock sales increased for the seventh consecutive year and exports for the seventh consecutive year. Tote Ireland also experienced a year of growth, with turnover up by over 7%.

Commercial sponsorship continued its recovery, growing by another 3%, while European Breeders Fund (EBF) support grew by 15.8%. Total runners in both codes was up 3.5%.

2017 SALES

• Bloodstock Sales at Public Auction in Ireland up 7% from €164.2m to €175.6m

• Export Sales at Public Auction down 1.8% from €272.9m to €268.1m

HRI Chief Executive, Brian Kavanagh, said: “2017 represented a seventh consecutive year of growth in sales, with the value of Irish bloodstock sold at public auction being €175.6m, up 7% on the 2016 figures. Irish-bred horses continued to dominate at the highest levels internationally and the value of Irish-foaled exports sold at public auction was €268.1m, with clients from 31 different countries investing in Irish bloodstock.”

Bloodstock sales increase for seventh consecutive year

ENTRIES AND RUNNERS

• Flat Entries up 10.4% from 27,035 to 29,841

• National Hunt Entries up 2% from 31,281 to 31,904

• Total Entries up 6% from 58,316 to 61,745

• Flat Runners up 5.7% from 12,801 to 13,529

• National Hunt Runners up 1.7% from 16,130 to 16,407

• Total Runners up 3.5% from 28,931 to 29,936

• Average field size up 2.6% from 11.2 to 11.5

HORSES-IN-TRAINING AND OWNERSHIP

• Horses-in-Training down 1% from 8,561 to 8,488

• Active Owners up 0.6% from 3,663 to 3,687

• New Owners down 2.7% from 705 to 686

Brian Kavanagh commented: “Figures for horses in training, active owners and new owners were on a par with 2016, with small dips for horses in training and new owners, and a small increase in active owners. Encouragingly, these figures confirm the increases in 2016 and the strength of the home-based sales in 2017 points towards growth in 2018 and beyond.

“Sole owners and partnerships remain the most popular form of ownership in Ireland, however syndicates continue to take an increasing share with growth of 5% year-on-year.

Registered racing clubs made a significant jump with a 50% increase in the number of clubs active in 2017.

“The rise in active owners is reflected in increases in entries and runners for both flat and National Hunt racing, with the average field size increasing from 11.2 to 11.5 runners overall. In 2017, flat entries were up by 10.4% and runners by 5.7%, while National Hunt figures also rose, with overall increases in entries (2%) and runners (1.7%).”

2017 BETTING

• Total Tote Betting up 7.2% from €96.8m to €103.8m

On-Course Betting

• Bookmaker Betting (Ring) down 5.9% from €65.5m to €61.6

• On-Course SP Shops down 4.8% from €10.4m to €9.9m

• On-Course Tote Betting down 8.7% from €12.7m to €11.6m

• Total On-Course Betting down 6.2% from €88.6m to €83.1m

Brian Kavanagh said: “On-course betting (Tote and Bookmakers) declined by 6.2%, reflecting the continuing challenge being experienced by all on-course operators.

“In 2017 Tote Ireland saw a seventh successive year of turnover growth. Revenue grew 7.2% from €96.8m to €103.8m in the year. This growth was driven by betting into Irish pools (up 9.5%) and international pools (up 11.1%).

"All profits from Tote Ireland's operation go directly back in to benefit Irish racing and Tote Ireland sponsored races at nine different racecourses in 2017, the highlight being TheTote.com Galway Plate. The loss of business in Israel at the end of 2017 will see an impact on turnover in 2018."

2017 ATTENDANCES AND FIXTURES

• Total Attendances down 3% from 1.32m to 1.28m

• Average Attendances down 2.8% from 3,692 to 3,589

Brian Kavanagh said: “The attendance figures reflect the reduced numbers at the Curragh, in particular the Dubai Duty Free Irish Derby and day two of the Longines Irish Champions Weekend. We look forward to the completion of the redevelopment in 2019, when the Curragh will have facilities to match the world class action on the track.

“Attendances at the major jumps festivals in the first six months of 2017 were very strong, highlighted by Punchestown’s Spring Festival, which attracted a record attendance of 122,557.”

2017 PRIZE-MONEY AND SPONSORSHIP

• Prize-money up 7.6% from €56.8m to €61.1m

• Commercial Sponsorship up 3% from €4.8m to €4.94m

• EBF Sponsorship up 15.8% from €1.71m to €1.98m

Brian Kavanagh commented: “HRI remains committed to increasing prize-money to remain competitive with our European counterparts and to attract and retain racehorse owners in Ireland.

To that end we increased minimum race values in 2017, with the increases flowing to races where most owners were competing. Competitive options for lower-tier National Hunt horses trialled successfully in the summer of 2017 and will continue into the spring of 2018 and beyond.

“Despite significant gains in 2016, we saw further growth in commercial sponsorship in 2017. This upward trend is very encouraging and shows that confidence in horse racing’s appeal as an advertising and promotional vehicle for business is strong.”

“2017 will be committed to the memory as a stellar year for Irish racing. An extraordinary 19 Irish-trained winners at Cheltenham was a testament to the skill and horsemanship in our industry, as well as the significant investment and trust placed in those skills by owners and breeders.

“Irish horsemen and women are setting standards, and nowhere was that more evident than in the autumn of 2017 when, after an incredible year, Aidan O’Brien beat Bobby Frankel’s world record for Group and Grade 1 winners trained in a calendar year, establishing a new record of 28 winners. These achievements, as well as Joseph O’Brien’s Melbourne Cup success in November with Rekindling, greatly enhanced the reputation of our racing industry.

“The sector is facing a series of challenges in the areas of funding, infrastructure, staffing and in particular Brexit and Horse Racing Ireland is engaging with Government, stakeholders and our international counterparts on these matters. We have great ambition to build on the growth and success of 2017 and look forward to engaging with the industry on these plans.”

He concluded: “The Sports Business Group at Deloitte, in their report into the Economic Impact of Irish Breeding and Racing 2017, published in September, estimated that the industry contributes €1.84bn to the Irish economy, supporting directly and indirectly, almost 29,000 jobs. Despite our size, we are the third biggest producers of thoroughbred foals in the world and estimates place Ireland only behind the United States as the biggest seller of bloodstock by public auction globally.

“None of this success could be achieved without the support provided by Government through the Horse and Greyhound Fund which is much appreciated.”