Queensland racing industry participants will be galloping towards an extra $12 million in annual prizemoney from today.
The extra prizemoney, announced by Racing Queensland in January, is effective for meets from today and comes on top of the $3.2 million prizemoney boost announced by Racing Queensland in 2017.
“Whether you’re racing in the city or on a regional or provincial track, this prizemoney boost is music to the ears of the industry. It means an extra $12 million will be pumped directly into the industry each year across the thoroughbred, greyhound and harness racing codes.”
Regional provincial clubs will have standard stakes boosted by $2,000 per race and northern feature carnivals will be increased by a total of $527,000 to be spread across carnivals from Rockhampton to Cairns.
Metropolitan, provincial and regional racing all share in this extra prizemoney, with Metropolitan premier stakes races increasing to $70,000 per-race from the current $60,000, and Provincial clubs at the Sunshine Coast, Gold Coast and Ipswich will have all maiden races boosted by $1,000 to $15,000.
The increase will deliver an additional $8.6 million to thoroughbred, $3 million to greyhound and $400,000 to harness racing.
The prizemoney increases take effect on a pro-rata basis from 1 February 2018.