Boost to prizemoney at country race meets
RACING NSW has announced increased prizemoney at country and provincial races and a new Country Showcase series.
It is the result of the NSW Government's legislation of wagering tax parity, delivering a major windfall to country racing.
From July 2016, all TAB country races will offer minimum prizemoney of $20,000 per race, up from $15,000.
Prizemoney for TAB provincial races will rise to $27,000, up from $22,000.
Also from July 2016, about 40 Country Showcase meetings will be held at regular intervals across regional NSW, offering a minimum $30,000 in prize money.
Racing Minister Troy Grant said this annual injection of $21 million in regional prizemoney will be the launch pad of success for racing in regional NSW.
"I am over the moon to see wagering tax parity deliver immediate benefits to country and provincial racing," he said.
"These funds mean so much - they will create more jobs, generate bigger crowds and help grow the racing industry in regional NSW.
"Our regions love a day at the track and race meetings bring the community together, offering an injection into local economies and entertainment for all.
"Racing NSW has recognised the huge contribution that regional NSW makes to the racing industry so I would like to thank Chairman John Messara, the Board and CEO Peter V'landys for delivering this much needed boost to country racing."