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Australia hosts 66 out of the 193 Group 1 races worldwide and is the world's largest thoroughbred racing country, as demonstrated by its high prize money awarded at some top-level races compared with that awarded elsewhere. Their high popularity also attracts sponsors who provide much needed funding for upgrades required to keep these international races competitive. Kayo Sports Prices, Australia's betting industry is a complex entity with wide-ranging impacts on the economy, society, and culture. This article provides insights into the economic contributions, government revenue, social influence, social costs, and corporate social responsibility aspects of the evolving industry.
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