Economic Impact Report Reveals a Thriving Amenity at Leopardstown
An economic report commissioned by Horse Racing Ireland and conducted by economist, Tony Foley of Dublin City University Business School, reveals that Leopardstown Racecourse has an economic expenditure impact of over €60 million, signalling it as an important amenity in south county Dublin.
The report, entitled, Economic Impact of Leopardstown Racecourse, commissioned earlier this year and released this week, showcases the amenity as a hub of commercial activity. It demonstrates the diverse income sources, beyond race days, such as golf and charity events as well as TV filming and community activities, bolstering Leopardstown's overall income and importance to the area. The report forecasts its economic impact to grow to €80-90 million by 2025.
With almost 1,000 positions created on each of the major race days, equating to roughly 500 full-time jobs, and €5.2 million in wages paid in 2022, the report serves to highlight Leopardstown as a major employer in the area.
A key amenity within the complex is Leopardstown Golf Centre, which hosts a range of activities, including corporate events, serving local schools and children as well as patients from the National Rehabilitation Hospital and St John of Gods, through regular programmes. Over 11 million shots are hit per year on the driving range and the course is busy every day with 24 ladies’ societies, with between 50 – 140 members in each one.
Furthermore, with 20% of Leopardstown’s horseracing ticket revenue originating from the UK market, the importance of the amenity in attracting tourists and generating income for local hoteliers and restaurateurs cannot be underestimated.
Home to a variety of on-site businesses, the Leopardstown Racecourse complex is an important and vital amenity to south Dublin and an indispensable regional hub.