Racing NSW today announced a further
$30 million in prizemoney increases along with
record investment in infrastructure and an additional share of prizemoney for both
equine welfare and stable staff.
Australia’s Richest Raceday:
Total prizemoney for Everest Day will now be a staggering $21.8 million which
far exceeds any other race meeting in Australia and cements Everest Day’s place on the International Stage of premier racing.
As detailed below, these latest additional prizemoney announcements totalling
$30 million will see
total prizemoney paid in NSW increase to $358 million per annum.
This is an increase of
$239 million, or more than
triple the prizemoney levels from 2012.
Minimum prizemoney increases:
Minimum prizemoney for all levels of Country racing have been increased as follows:
Picnic minimum prizemoney increases from $5,000 to $7,000 (up 40%)
Non-TAB minimum prizemoney increases from $10,000 to $12,000 (up 20%)
Sky 2 minimum prizemoney increases from $15,000 to $16,000 (up 6.6%)
Country TAB minimum prizemoney increases from $25,000 to $27,000 (up 8%)
In addition to the above minimum prizemoney increases:
Two (2) races at every Country TAB race meeting will now be restricted to NSW Country trained horses only and will carry an
extra $3,000 (11.1%) prizemoney of
$30,000.
Two (2) races at every Country Showcase meeting will also be restricted to NSW Country trained horses only and will carry an
extra $5,000 (16.5%) prizemoney to
$35,000. At some meetings this will be increased to three (3) races.
Additional prizemoney will also be offered in the Provincial sector, with
two (2) races at each Provincial race meeting carrying an extra $5,000 (12.5%) prizemoney to $45,000.
One of these races will be
restricted to Provincial trained horses only, and the other will be
restricted to Midway eligible trained horses only.
To build on the success of both the Metropolitan Saturday Highway and Midway races, prizemoney for these races will
increase by $20,000 (20%) from $100,000 to
$120,000 per race at Saturday Metropolitan race meetings.
Spring feature race increases
In addition to the above minimum prizemoney increases, a number of feature races in spring have also received increases in prizemoney as follows:
The Concorde Stakes will increase from $160,000 to $500,000 (up 212.5%)
The Shorts will increase from $500,000 to $1 million (up 100%)
The Premiere Stakes will increase from $500,000 to $1 million (up 100%)
The Kosciuszko will increase from $1.3 million to $2 million (up 53.8%)
The Sydney Stakes will increase from $500,000 to $2 million (up 400%)
The Nature Strip Stakes will increase from $1 million to $3 million (up 200%)
There will also be two new races added to the spring carnival.
A $1 million race will be added to Everest Day, called the “Five Diamond Prelude”, over 1500m for 5yo’s only, providing a lead up for the Five Diamonds.
Also, a new $500,000 race will be added to Big Dance Day (first Tuesday in November), called the “Little Dance” for those horses eligible, but unable to gain a start in the Big Dance.
New $6 million “Sportsbet Sydney Sprint Series” Bonus:
The Everest is the feature of the NSW Spring Racing Carnival and the popularity of
The Everest has quickly seen the surrounding sprint races develop significant interest and betting turnover.
To further grow these sprint races across the Sydney spring, a new $6 million bonus -
fully sponsored by Sportsbet - will be paid to the horses winning the
“most points” across the following six races.
These races will be known as the
“Sportsbet Sydney Sprint Series”:
Race Name
|
Date
|
Track
|
Distance
|
Concorde Stakes
|
3 Sep 22
|
Randwick
|
1000m
|
The Shorts
|
17 Sep 22
|
Randwick
|
1100m
|
Premiere Stakes
|
1 Oct 22
|
Randwick
|
1200m
|
The Everest
|
15 Oct 22
|
Randwick
|
1200m
|
Sydney Stakes
|
15 Oct 22
|
Randwick
|
1200m
|
Nature Strip Stakes
|
29 Oct 22
|
Randwick
|
1300m
|
Points will be awarded based on:
5 points for 1st, 4 points for 2nd, 3 points for 3rd, 2 points for 4th and 1 point for 5th in each of the first 5 races. Then
“Double” points will be awarded for the
Nature Strip Stakes on
Golden Eagle Day.
It will also be a condition of the bonus that horses must have competed in at least 3 races in the series to be eligible.
Autumn feature race increases
There have also been increases in prizemoney for key races during the Sydney Autumn Carnival:
The Queen Elizabeth Stakes will increase from $4 million to $5 million (up 25%)
The Doncaster Mile will increase from $3 million to $4 million (up 33.3%)
The TJ Smith Stakes will increase from $2.5 million to $3 million (up 20%)
The Galaxy will increase from $700,000 to $1 million (up 42.6%)
The Ranvet Stakes will increase from $700,000 to $1 million (up 42.6%)
Infrastructure funding:
Also announced today was an
infrastructure project fund of $125 million that will be delivered by Racing NSW over the next two years. This project fund includes
$70 million in grants received from the NSW State Government who continue to support the NSW Thoroughbred Racing Industry participants and
$55 million set aside by Racing NSW.
These projects range from construction of
stables, new training tracks, course proper works, customer facilities, raceday amenities and jockeys rooms right across the state.
Racing NSW will continue to work with race clubs and participants regarding the allocation of these funds.
Change in prizemoney distribution:
In July 2012 Racing NSW introduced the 1.5% strappers bonus, being the first state in Australia to do so. This bonus provides a significant reward for the industry’s lowest paid workers, letting them share in the success of their stables. As part of announcements today,
Racing NSW will be asking owners to increase the strappers bonus deduction from prizemoney from 1.5% to 2%.
In October 2016 Racing NSW introduced the Equine Welfare Fund which receives 1% of all prizemoney paid, being the first state in Australia to do so. These funds are used to care for, retrain and rehome NSW Thoroughbred racehorses. Again,
Racing NSW will be asking owners to contribute more to this fund by increasing the prizemoney deduction from the current 1.5% to 2%.
The above prizemoney increases and changes in the distribution of prizemoney will come into effect from 1 September 2022.
SCHEDULE OF PRIZEMONEY INCREASES
There has never been a better time to be involved with racing quality thoroughbreds.
Over the past 10 years prizemoney has exploded over 300% and the
record levels on offer for those whom own a quality thoroughbred
can be life changing.
Naturally, this flows through to the
breeding sector of our industry as those
in demand sires and mares that produce elite equine athletes are more desired than they have ever been as owners want to
RACE THE BEST WITH THE BEST to earn the
BEST PRIZEMONEY on offer.
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