New Zealand

Racing is a long-established sport in New Zealand, stretching back to colonial times.
Horse racing is a significant part of the New Zealand economy which in 2004 generated 1.3% of the GDP. The indirect impact of expenditures on racing was estimated to have generated more than $1.4 billion in economic activity in 2004 and created 18,300 full-time equivalent jobs. More than 40,000 people were involved in some capacity in the New Zealand racing industry in 2004. In 2004, more than one million people attended race meetings in New Zealand.^[34] There are 69 Thoroughbred and 51 harness clubs licensed in New Zealand. Racecourses are situated in 59 locations throughout New Zealand.
The bloodstock industry is important to New Zealand, with the export sale of horses – mainly to Australia and Asia – generating more than $120 million a year. During the 2008-09 racing season 19 New Zealand bred horses won 22 Group One races around the world.^[35]
Notable racehorses from New Zealand include Cardigan Bay, Carbine, Nightmarch, Sunline, Desert Gold and Rising Fast.^[36][37] Phar Lap and Tulloch were both bred in New Zealand but did not race there. The most famous of these is probably Cardigan Bay. Stanley Dancer drove the New Zealand bred horse, Cardigan Bay to win $1 million in stakes in 1968, the first harness horse to surpass that milestone in American history.^[