Racing NSW has breathed more oxygen into the livelihood of horse racing participants with the injection of another $24 million annually.
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The record levels of prizemoney will have wide-ranging spin-offs and make owning gallopers more feasible and less costly.
The minimum prizemoney has been raised from $20,000 to $22,000 for country TAB races, up from $30,000 to $35,000 for provincial events and a staggering another $25,000 to $125,000 minimum for Saturday city races.
The increase of $25,000 to $75,000 for country Highway races in Sydney on Saturdays is bound to attract more country involvement in them.
Racing NSW has had difficulty getting maximum field sizes, especially in winter, and the new framing of prizemoney is bound to attract more provincial and country horses to town.
Prizemoney is paid basically for the “entertainment” racehorse owners provide with it being paid up to 10 th place in the city where $3500 will be earned, with scaled down
incentives for provincial and country gallopers.
All participants in the industry get a pay rise under the new scheme of things and this should prompt more breeding of racehorses and inject more owners into having them.
The $1.3 Million The Kosciusko race over 1200m at Royal Randwick on the Everest program on October 13 has certainly whet the interest of owners and trainers who have gallopers eligible for the event.
Port Macquarie trainer Jenny Graham and the owners of the $500,000 Country Final winner at The Championships in April are wringing their hands with glee.
Winner Victorem and Awesome Pluck are both back in work and the bookmakers have already posted them high up in the betting order for The Kosiusko.
And to capture the imagination of the public, racing folk and non bettors, a $5 raffle ticket purchased at designated outlets will give a dozen lucky people a horse in the event.
They through haggling can determine what galloper they want and how much of the prizemoney comes their way—what a buzz!
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