Major NSW Prizemoney Increases

Sep 06, 2016

Major NSW Prizemoney Increases

Racing NSW and the Australian Turf Club today announced that as of 1 October 2016 the minimum prizemoney for Saturday metropolitan races will increase to $100,000 per race.

“This increase headlines several prizemoney initiatives totaling almost $53 million annually which has been announced this year, capping off a surge in NSW prizemoney over four years,” said Racing NSW Chairman, Mr John Messara AM.

“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.

“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, Race Fields legislation fees and parity,” Mr Messara added.

Increases to prizemoney are highlighted as follows:

  • Metropolitan Saturday minimum prizemoney increasing to $100,000 per race or almost 18% on 1 October 2016 from $85,000 per race.
  • * Provincial minimum prizemoney increasing to $30,000 per race or 36% on 1 October 2016 from $22,000 per race in June 2016.
  • * Country TAB minimum prizemoney increased to $20,000 per race or 33% 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% on 1 October 2016 from $8,000 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% on 1 October 2016 from $175,000.
  • * Group 3 race prizemoney increasing to a minimum of $150,000 per race or 20% on 1 October 2016 from $125,000.
  • * Listed Race prizemoney increasing to a minimum of $125,000 per race or 25% 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.

Australian Turf Club Chief Executive Officer, Darren Pearce said the depth and breadth of today’s announcements for Sydney racing were among the most significant in the Club’s history.

“The ATC is fully funding more than $4 million to increase all metropolitan Saturday races to $100,000, setting the new benchmark in Australian Racing," Mr Pearce said.

“All Stakes races will benefit from newly increased minimum prizemoney levels, and new feature races will be added to Night Racing fixtures and the Melbourne Cup Race Day at Royal Randwick.

“These prizemoney increases are just one part of the ATC’s focus and long-term strategy to grow a stronger and sustainable future for Sydney racing for decades to come.

“The ATC will continue to help fund investment into racetracks, training infrastructure and our spectator facilities, for the benefit of everyone in racing. It's time to make Sydney racing the strongest and most competitive racing in the world.”

News from Racing NSW & ATC Joint Media Release

 

Previous


African Academy Has a Will to Win

AFRICAN ACADEMY is one of the rising stars of Cummings Racing and has thrived in the early stages of his career at Leilani Lodge. He is by the superstar TURFFONTEIN. 


Beauty Generation Now Favourite

Beauty Generation is now the favourite for the Hong Kong Horse of the Year 


Moqueen Steals the Show at the 2018 Inglis Chairmans Sale

It was a big day for the connections of Moqueen at the 2018 Inglis Chairman’s Sale as the daughter of Uncle Mo was bought by Andrew Williams Bloodstock for $600,000. 


The Championships

The Championships have become an important part of the racing calendar as the Autumn Carnival heads to Royal Randwick. The Grand Finals of Australian Racing offers over $20 million in prizemoney and attract the best horses from around the country and abroad. 


Top Of My List Takes Out The Listed Sydney Markets Lord Mayor's Cup 2000m

Top Of My List and Tim Clarke made it two wins in a row in taking out the Sydney Markets Lord Mayor's Cup 2000m at Rosehill yesterday . Tim Clarke had this to say on her run "She was good. She had to rise in weight today and get back on top of the ground. She was able to control the race from outside the speed. The more I ride her the more I get to know her. She likes to flow through her gears. You can't just get her to dash off the mark. I thought she gave a good kick at the top of the straight. She was vulnerable late but she kept sticking her head out ".  


Stable News - Archive