Prize­money in­crease

The Sportsman Special Issue - - 2 -

PRIZE­MONEY for NSW pro­vin­cial and coun­try races will be in­creased by $15 mil­lion over the next two years.

Racing NSW yes­ter­day re­leased de­tails of its re­cov­ery plan post equine in­fluenza (EI).

From March 1, min­i­mum prize­money for NSW coun­try TAB races will in­crease by $2,000 per race to $9,000, an in­crease of $4.3 mil­lion an­nu­ally while min­i­mum pro­vin­cial prize­money will in­crease by $1,000 per race from Fe­bru­ary 1 with a fur­ther $1,000 from 1 July 2008.

Midweek pro­vin­cial min­i­mums will be $15,000 and Satur­day’s $13,000 per race.

The in­creases in prize­money have been made af­ter as­sess­ing the net fi­nan­cial im­pact on clubs of EI and the re­cently com­pleted Tab­corp spon­sor­ship of pro­vin­cial and coun­try racing.

Racing NSW says it is cur­rently work­ing with the Aus­tralian Jockey Club and the Syd­ney Turf Club with a view to se­cur­ing sig­nif­i­cant prize­money in­creases in the metropoli­tan area.

Fur­ther de­tails will be an­nounced when those ne­go­ti­a­tions have been fi­nalised, but lifts in min­i­mum Group Two, Group Three and Listed prize­money have been tar­geted.

Racing NSW has also ad­dressed the sit­u­a­tion whereBOBSbonuses have been fore­gone by par­tic­i­pants dur­ing the EI pe­riod.

For the sec­ond half of this racing sea­son, win­ning BOBS bonuses will be in­creased by 25 per cent.

Chief ex­ec­u­tive Peter V’landys said Racing NSW was com­mit­ted to min­imis­ing the on-go­ing ef­fects of EI on the in­dus­try’s par­tic­i­pants and that the ad­di­tional prize­money would pro­vide an in­cen­tive for par­tic­i­pants to con­tinue their in­volve­ment in racing as well as at­tract­ing new en­trants to the in­dus­try.

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