The Value of Sport and Physical Recreation to Tasmania

This report introduces a model of 'Sport and Physical Recreation Value' that locates the discrete values of Sport and Physical Recreation (SPR) and, for the first time, illustrates the dynamic way they interact. The model used in this report estimates the costs and benefits of SPR in a single region, Tasmania.

Our principal finding is that although the current levels of investment in SPR yield a strong return, a more economically efficient outcome can be achieved by increasing the regular rate of participation. For example. a 10 per cent increase in SPR participation would generate an additional $905.3 million in annual benefits. The model proposed by this report is therefore a useful tool for enabling and explaining cost benefit analysis. and for evaluating SPR policy alternatives in support of this aim.