Victoria could save nearly $500m over 10 years by scrapping greyhound racing, estimates show

Exclusive: Parliamentary Budget Office analysis shows any loss of revenue from betting would be offset by lower government spending

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The Victorian government could save almost half a billion dollars if it follows Tasmania in phasing out greyhound racing in the state, according to independent analysis.

A policy costing by the Parliamentary Budget Office (PBO), to be released on Thursday, estimates the government would save $451.6m between 2025–26 and 2035–36 if it stopped subsidising greyhound racing and closed the industry.