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The Global Greyhound Racing Market is expected to grow at a CAGR of 3.7% from 2023 to 2030. Greyhound racing is a sport in which dogs of the sleek and quick-moving type engage in races around a confined course. The dogs follow a mechanical bait that zooms along the inside rail of the track at a high pace, generally a stuffed animal or a flag. The goal of the race is for the greyhounds to overtake and beat their rivals to the finish line. The greyhounds are released from starting boxes or traps at the start of the race, which usually takes place on oval courses. The dogs are taught for speed and agility, and they excel at pursuing the bait thanks to their innate instincts as sight hounds.
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Greyhound racing has lost some of its attraction in several places during the previous few decades. Concerns about animal care, declining attendance, and competition from alternative forms of entertainment have all hurt its market position. Due to fans' wagers on the races, greyhound racing includes a significant gambling component. This betting activity generates revenue for the industry and racetracks.
Key Companies Profiled in the Report is:
The Rank Group, 22Bet, Bet365, Unibet, Betfair, OffTrackBetting, BlueBet, Pensacola Greyhound Track, TVG
Global Greyhound Racing Market Split by Product Type and Applications:
This report segments on the basis of Types:
Race Track
Tour
This report segments On the basis of Application:
Gambling
Dog Racing Track
Geographic Segment Covered in the Report:
Greyhound racing has historically been played in a number of stadiums in the UK and Ireland. But due of declining patronage and increased scrutiny of animal care-related issues, the company has struggled. Greyhound racing, which frequently draws a good crowd, has long been a part of Australian sporting culture. The industry has, however, recently been plagued by regulatory problems and disputes over animal welfare, which have increased public scrutiny. Although greyhound racing was previously popular in some U.S. states, it has since fallen out of favor due to similar worries about animal welfare and competition from other forms of gambling and entertainment.
North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)
Covid-19 Impact and Recovery Analysis: Greyhound Racing Market
In order to stop the virus's spread during lockdowns and other times of limited movement, several racing events were postponed or abandoned. Race tracks and related companies encountered financial difficulties as a result of events being cancelled and low attendance. Due to people's financial uncertainty during the epidemic, wagering on greyhound racing may have declined. Due to diminished finances and social isolation tactics, the pandemic may have had an impact on adoption and care programmer for retired racing greyhounds.
Current Forecast, Historic and Base year is as follows:
The latest Forecast year: 2023-2030
Historical Year – 2017-2021
Base Year - 2022
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There has been discussion over the regulatory framework for greyhound racing, notably in relation to the care of racing dogs and the number of accidents and fatalities that occur during races. While some localities have outright outlawed the sport, others have enacted stronger controls. A growing emphasis has been placed on adoption and retraining programmes for retired racing greyhounds due to the controversy surrounding the sport.
Table of Content
Chapter 1: Global Greyhound Racing Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Greyhound Racing Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Greyhound Racing Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Greyhound Racing Size Forecast (2023-2030).
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