The resurgence of South Australian racing continues with participants set to enjoy a second prizemoney boost in the past 12 months starting later this week.
On Monday, Racing SA announced a full breakdown of it’s new prizemoney structure with increases across all TAB races from July 1, this Thursday.
Saturday metropolitan races in the state will be worth a minimum of $40,000 while provincial and country meetings also received a cash injection.
It comes just six months after the governing body provided participants with a similar increase on December 1 last year.
“The industry is strong and vibrant at the moment, and this announcement only adds to further that momentum,” Racing SA CEO Nick Redin said.
“These new prize money levels will ensure our SA participants will be in a position to continue to grow their businesses.”
“The increase means Saturday races will offer a minimum $40,000 in prizemoney, from July 1.
“Importantly, all provincial and country maiden prize money has been lifted to the same as restricted levels.”
A maximum of $54,750 (previously $52,250) will now be on offer for Open to Benchmark 72+ while a minimum of $16,800 will be available at Country meetings.
The boost is part of Racing SA’s 2o21 to 2023 strategic plan with the additional prizemoney hoped to help increase horse numbers and jobs in the state.
The SA Government has invested almost $30 million in the industry in an effort to achieve the same goal.
“It’s all aimed at achieving our target of having 300 more horses in work by the start of the 2024/25 racing season,“ Redin said.
“One job is created for every four horses, so the tangible benefits of this increase and the government investment are there for all to see.”
SA’S PRIZEMONEY BOOST
Open to BM72+ races: $54,750 up from $52,250
BM68 races: $44,750 up from $42,250
BM64 to maidens: $40,250 up from $37,250
Non-Listed Cups: $54,750 up from $51,800
Non-Maiden: remains $21,800
Maidens: $21,800 up from $19,300
Cups: $31,800 up from $26,800
Non-Maidens: remain $16,800
Maidens: $16,800 up from $14,800
Originally published asPrizemoney boosts across SA racing
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