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.