Yep sounds crap.

http://www.smh.com.au/sport/horsera...622-gww5gy.html

NSW doesn't understand they are now against other wagering options. Sportsbetting is growing exponentially while horse racing revenue is sliding. Here is a clear reason why. 0.5% raise in fees might make revenues jump in the short term but the loss of the consumer means revenues longer term will see horse racing in NSW continue to lose market share. To offset this they will increase their fees again and corporates will stop offering the fields.

Its a shame they are killing the industry all in the name of them trying to protect it. It will cause hundreds, maybe thousands, of job losses over the next decade and they won't even realise why it is happening.