Just in: Racing NSW have announced an increase in prize money across NSW with provincial races increasing from $30,000 to $35,000 per race from September 1st 2018 🐎🐎
This majority of additional prize money will be concentrated across 4th - 10th place getters and be paid directly to trainers to reduce owners training fees. The objective of this plan being to defray the cost of owners, enabling trainers to improve their cash flow and business viability as well as providing a stimulus for improving race field sizes.
This represents a 118.8% increase in provincial prize money since 2012.
The announcement also included additional funding going into trainers commissions, jockeys and strappers fees and a new strategic plan to focus on significant investment in our tracks and training facilities.
Following these increases NSW will now be paying $260 million annually in prize money and bonuses, which makes it the highest of any state in Australia. ... See more
