NEWS PREVIEW

Prizemoney Increases For South Australia and Tasmania

Annual prizemoney for racing in South Australia will top $40 million for the first time following the latest boost announced by Thoroughbred Racing SA while Tasracing will increase base funding for all three racing codes in Tasmania by six per cent to $22.05 million.
TRSA has announced a $1.5 million lift in prizemoney across all levels of racing in a move that means all TAB thoroughbred races will be worth a minimum of $10,000.
When combined with,
The increases come into effect on September 1 and when combined with the SA Government’s two-year $6 million funding commitment to the Adelaide Racing Carnival takes prizemoney across the 2017/18 thoroughbred season to more than $40 million for the first time.
TRSA CEO Jim Watters said that over the past 10 years SA prizemoney has increased at an average of almost $2 million a year from $22 million in 2007.
Tasracing CEO Vaughn Lynch said the increases for Tasmanian racing confirmed the commitment to improve stakes levels for all three codes of racing.
Lynch said Tasracing would meet with code representatives later this month to agree on details of the increased allocation within each code.
“While the funding allocation code by code has been set the breakdown within each code will be finalised,” he said.
SA Prizemoney Increases – from September 1 2017
• Saturday Benchmark 70 races increase to $35,000 (from $30,000)
• Saturday $42,000 races increase to $45,000
• Provincial Maiden races increase to $13,000 (from $12,000)
• Country Non-Maiden races increase to $12,000 (from $11,000)
• Country Maiden races increase to $10,000 (from $9000)
• Non-TAB Cup races increase to $9000 (from $7500)
• Other non-TAB races increase to $5000 (from $3500)

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