Annual prizemoney for racing in South Australia will top $40 million for the first time following the latest funding boost announced on Saturday by Thoroughbred Racing South Australia (TRSA).
TRSA has announced a $1.5 million prizemoney injection across all levels of racing in the state in a move that will now see all TAB thoroughbred races carry a minimum pool of $10,000.
The increases – which come into effect on 1 September – follow the State Government’s two-year, $6 million funding commitment to the Adelaide Racing Carnival and means prizemoney across the 2017/18 thoroughbred season will top $40 million for the first time.
“The Board of TRSA is dedicated to supporting all levels of racing in South Australia and this announcement is another important signal to everyone involved in the sport of the strength of that commitment,” TRSA chief executive Jim Watters said.
“In fact, over the past 10 years, TRSA has increased prizemoney at a pace averaging almost two million dollars a year – from $22 million in 2007 to where it is now.
“Everything we do is about making South Australian racing more accessible, more rewarding and more vibrant. We are an important contributor to our state’s economy and a significant employer right across South Australia.
“It is vital that we encourage increased investment in our industry, to boost participation and employment opportunities. Increasing prizemoney, across all levels and regions, is an important mechanism in achieving that.
“Following the success of the Adelaide Racing Carnival, the signing of our new media rights agreement with Racing.com and last week’s infrastructure announcements at Mount Gambier and Bordertown, we think this announcement sends another strong message about the improving health of racing in South Australia.”
Highlights of the latest prizemoney increases include:
• 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)