2012 Australian MotoGP: $5.9m loss
But Casey Stoner's farewell race reduced the impost to taxpayers with a record turnoutOn Sunday the 2013 MotoGP championship showed yet again just how intense racing can be, as Yamaha's Jorge Lorenzo held off Repsol Honda's fast-finishing Marc Marquez to take the win at Silverstone.
The pair ducked, dived and duelled for the lead, and if it's any indication of the tightly-fought racing to come, expect the Australian MotoGP on October 20 at Phillip Island to be a spectacle for the ages.
Organisers of the 2013 Tissot Australian MotoGP will be hoping for a big turnout this year, with the latest financial figures showing 2012 has smaller losses than in 2011.
The 2012 Oz MotoGP recorded a loss of $5.947 million, which is an improvement on the previous year's $6.586 million loss.
Australian tax payers are still footing the bill for the event, but Casey Stoner's farewell race helped increase interest in the event and boosted revenue by 40 per cent.
More than 123,000 people came through the turnstiles says the Australian Grand Prix Corporation, which is the largest crowd since the event came back to Phillip Island in 1997.
Australia currently has the contract to host the MotoGP until 2016.
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