The Victorian government spent a record $102 million on hosting Melbourne’s 2024 Australian Grand Prix, taking the cost to taxpayers of subsidising the event to $700 million over the past decade.
The latest increase, from subsidies totalling $100.6 million in 2023, was revealed in the Grand Prix Corporation’s annual report tabled to parliament on Thursday.
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
