Cannon Park Racecourse has recently undergone a track upgrade, running rail, fencing and stabling facilities.

Cairns is the focal point of racing in Far North Queensland and is pivotal to the survival and success of the area.

Racing in Cairns is interdependent with the conduct of racing in both Townsville and Mackay. The ongoing continuation of racing in North Queensland relies on horses and participants from the other areas to provide the critical mass necessary to fulfill a racing program at these venues.

Cannon Park is home to the Cairns Jockey Club. The Cairns Jockey Club hires the facilities to the Cairns Greyhounds, Cairns Amateurs and Coral Coast Catering throughout the year.

Cannon Park has recently become a Teir 1 Racing Club. 14 of 16 meets per year are now TAB.