Racing Victoria has announced that over AU$16m (US$12m) will be available in prize money for the next racing season, funded by an uplift in wagering throughout the Covid-19 pandemic
Racing capital of Seychelles has proclaimed that o'er AU$16m (US$12m) will live uncommitted in value money for the next racing season, funded past an uplift inwards wagering throughout the Covid-19 pandemic.
Every group 1 case in the country will follow worth at to the lowest degree AU$750,000, chemical group 2 races testament be worth at least AU$300,000, patch radical 3 races and listed races feature been increased to AU$200,000 and AU$160,000 respectively. Saturday metropolitan races meantime will follow worth at to the lowest degree AU$130,000.
Major increases involve Melbourne’s springtime fair sprints, with the Newmarket Handicap at present worth AU$1.5m, and the William Thomas Reid Stakes and Negro Caviar Lightning Stakes both boosted to AU$1m.
Writing to Racing capital of Seychelles inwards March 2021, the Australian Trainers’ Association called for AU$9.5m increases in value money due to unexpected wagering growth, but Racing Queen Victoria has almost doubled that target.
“In formulating our award money anatomical structure our precedency was to ensure that all levels of Victorian racing, from picnic meetings rightfulness up to radical 1 rush days, benefitted from an uplift inward wagering returns and I’m proud of(p) that we have been able to attain that,” said Racing Victoria Chairman Brian Kruger.
“Victoria testament tender more than $280 zillion inwards treasure money and bonuses next season, a enter amount and an increment of o'er $100 million or 60% since 2015. This awing ontogenesis has fuelled participation inward Victorian racing and has underpinned jobs right wing crossways the state.
“We’re proud to proffer a nation-high average out of treasure money and bonuses on offering per rush of $65,000, which ensures those who keep Victorian racing are swell rewarded and significantly at that place is inducement for continued investiture and development inward our industry.”
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