Otago Daily Times

Benefits promised for all three codes

- JONNY TURNER

HARNESS and greyhound racing barely got a mention when John Messara’s report on the New Zealand Racing Industry was made public last night. In June, the Otago Daily

Times revealed the report, previously thought to be focused on all racing codes, would have a specific thoroughbr­ed outlook.

Messara’s detailed and comprehens­ive report did not stray from its objective. There were very few mentions of the two codes in the report or in speeches by Messara or Racing Minister Winston Peters at its unveiling last night.

However, both Messara and Peters assured the audience at last night’s event that both codes would be better off following the implementa­tion of its recommenda­tions.

‘‘I can assure you my recommenda­tions will have a posi tive effect on all three codes,’’ Messara said.

Increased funding for harness and greyhound racing will be relying on Messara’s recommenda­tions boosting betting revenue.

Messara has recommende­d a change to the way racing betting revenue is distribute­d to the three racing codes.

His figures show the percentage of total funding will drop for harness and greyhound racing under his recommenda­tions.

But if all his recommenda­tions are taken up, it will result in an overall increase in income for the two codes.

Messara said in his report the current funding model, section 16 of the Racing Act 2003, was due for the scrap heap.

The current formula used to distribute money is based on each code’s share of domestic betting.

‘‘The formula may have been appropriat­e when the legislatio­n was drafted. It is no longer relevant in the current wagering landscape and should be amended to better reflect the respective codes’ contributi­ons towards the NZRB’s profitabil­ity and that the distributi­on should be based on the totality of betting,’’ Messara said.

Messara has recommende­d a new formula that incorporat­es internatio­nal betting turnover and each code’s contributi­on to the economy.

That looks to be a massive boost for thoroughbr­ed racing.

That code has a much stronger internatio­nal presence, especially with huge New Zealand interest in carnivals such as the Melbourne Cup.

It also has a stronger breeding industry, dwarfing those of the other two codes.

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