Betting on Vic greyhounds rises

Gambling revenue from Victorian greyhound races has grown strongly despite the live-baiting scandal.

Wagering revenue rose 13 per cent to $83.8 million in 2014-15, including a rise of almost 40 per cent with corporate bookmakers.

It made up almost 95 per cent of Greyhound Racing Victoria's total revenue.

The 2014-15 annual report is the first since the entire GRV board quit in disgrace in March.

It followed the publication of video that showed some leading greyhound trainers using live animals as bait.

Profit in 2014-15 dropped by a third to $5.1 million, partly due the cost of renovations at the state's main two tracks at Sandown and The Meadows, and increased spending on integrity and welfare.