Racing NSW today announced prizemoney increases of some $20 million annually, highlighted by almost $9 million of increases in prizemoney for country race meetings to be applied across all sectors of country racing including non-TAB and Picnic races.
Prizemoney for TAB Highway races (which are for country domiciled horses only) will also be increased to $100,000. With this announcement today, total annual prizemoney to be paid for country racing in NSW will now be more than $91 million which is an increase of $58 million (176%) since 2012. Country racing has received the largest increase of any sector over this time.
As noted above, there will also be a further 20 country race meetings that will be upgraded to Country Showcase status carrying prizemoney of $30,000 per race, an annual increase of $1,280,000.
Minister for Racing, Mr Kevin Anderson, welcomed the prizemoney increases: “It is great to see continued increases in prizemoney to the grassroots of racing and new ways to broaden and strengthen racing in NSW,” Mr Anderson said.
“Racing continues to go from strength to strength in NSW across the board, whether it be feature Carnivals, TAB racing or non-TAB and picnic racing,” Mr Anderson further remarked.
The Chairman of Racing NSW, Mr Russell Balding AO, identified the importance of prizemoney increases being spread throughout the industry, stating:
“We are pleased to be able to announce this significant increase in prizemoney which will benefit country races as well as the Saturday metropolitan race meeting each week. These increases broaden the spread of prizemoney and further improve the dividends back to our owners and participants.
To read the full press release CLICK HERE