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        RACING FORUM >> Prizemoney increases in NSW
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Torquil



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Posted: Tue Sep 06, 2016 2:57 am

IN a major boost to NSW racing, Sydney Saturday races will be worth a minimum $100,000 while there are also feature race stakes surges and provincial and country prizemoney increases.

John Messara, Racing NSW chairman, and Australian Turf Club chief executive Darren Pearce announced on Tuesday morning the prizemoney increases will be introduced from October 1.

Racing NSW chief executive Peter V’landys also revealed details of a new initiative, the Horse Welfare Fund, which is designed to ensure all thoroughbreds are placed in appropriate care once their race careers are over.

V’landys explained the fund will be predominately paid for by a deduction of one per cent of all prizemoney paid in NSW. That is estimated to be $2 million of the $204 million in prizemoney for the coming year. This will be in addition to Racing NSW’s existing horse welfare schemes.

Messara said the prizemoney increase is one component of several prizemoney initiatives totalling almost $53 million annually and caps off a surge in NSW prizemoney over the last four years.

“Today’s announcement is a further step towards achieving a vital component of Racing NSW’s Strategic Plan, intended to financially stimulate the NSW thoroughbred racing industry,’’ Messara said.

“In 2012, total NSW prizemoney was $118.9 million. Following today’s announcement, I’m delighted to advise that annual prizemoney in NSW will be more than $204 million, an increase of $85 million over that time.

“These increases are entirely sustainable and are fully-funded from the proceeds of the sale of digital media rights, racefields legislation fees and (wagering taxation) parity.’’

Feature races are getting a huge monetary injection from October in Sydney.
The prizemoney increases are highlighted as follows:

— Metropolitan Saturday minimum prizemoney increasing to $100,000 per race or almost 18 per cent on 1 October 2016 from $85,000 per race.

— Provincial minimum prizemoney increasing to $30,000 per race or 36 per cent on 1 October 2016 from $22,000 per race in June 2016.

— Country TAB minimum prizemoney increased to $20,000 per race or 33 per cent on 1 July 2016 from $15,000 per race in June 2016.

— Country Sky 2 minimum prizemoney increasing to $10,000 per race or 25 per cent on 1 October 2016 from $8000 per race.

— Addition of an eighth race to 20 selected midweek and night ATC race meetings from 1 October 2016, injecting a further $800,000 in prizemoney.

— Inclusion of an $80,000 feature race on ATC night meetings from 1 October 2016, injecting a further additional $320,000 in prizemoney.

— Group 2 race prizemoney increasing to a minimum of $200,000 per race or 14 per cent on 1 October 2016 from $175,000.

— Group 3 race prizemoney increasing to a minimum of $150,000 per race or 20 per cent on 1 October 2016 from $125,000.

— Listed Race prizemoney increasing to a minimum of $125,000 per race or 25 per cent on 1 October 2016 from $100,000.

— inclusion of a $150,000 feature race on selected metropolitan meetings.

— BOBS bonuses of $20,000 to be added to two and three year old Listed races from 1 October 2016.

— Country and Provincial Championships qualifying heats to be run for $150,000.

— A fortnightly $40,000 provincial maiden race on selected meetings from 1 October 2016.

— Thirty $40,000 country restricted maiden races on selected Showcase meetings from 1 October 2016.
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