The incident happened halfway through the show as spectators were line dancing at the Top End Mustering Rodeo in Kununurra in the state’s north-west on Saturday night.
Paramedics were already on standby at the scene and treated a small number of spectators for minor injuries.
A young girl was taken to hospital with suspected fractures along with a man in his 30s.
One resident told radio station 6PR he sent his two-year-old and seven-year-old into the bullpen to join the line dancing while he sat on the picnic rug.
“Next thing I heard a lot of screaming and running and saw a bull bucking around in there,” he said.
“It didn’t take long for the people inside the ring to see it and start screaming and trying to get away from it.
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“That’s when I jumped over the fence to find my two-year-old and seven-year-old.
“It was pretty frightening for a lot of parents and a lot of children.”
“It was like (something) from a movie script.”
Witness are calling for an investigation into the incident.
The Kununurra Campdraft and Rodeo Association has been contacted for comment.