The state’s COVID-hit racing prizemoney levels have rebounded to a new high after a $2.6 million cash injection from Thoroughbred Racing South Australia.
Wagering revenue has improved in the second half of 2020. TRSA chair Rob Rorrison said better wagering conditions and other economic improvement made the time right to boost prizemoney.
“We have watched as wagering revenue has stabilised since the first round of reductions in Federal stimulus packages such as JobKeeper and JobSeeker and that has given us the confidence to increase prizemoney levels back to pre COVID levels,” Rorrison said in a statement.
From December 1, metropolitan prizemoney will range from $37,250 for maiden races to $52,250 for the top Saturday races.
Provincial stakes will rise to between $19,300 and $21,800 per race with country meetings to feature prizemoney ranging from $14,800 to $16,800 per race.
City races will pay prizemoney down to 10th position in every race while the first eight runners home will earn prizemoney in provincial and country contest.
Races in South Australia will carry more prizemoney from December 1. Photo: AAP Image/David Mariuz.Source:AAP
South Australian Trainers’ Association president Richard Jolly said the new prizemoney structure would benefit owners and trainers at all levels of the sport.
“We sensed this was coming and we wanted it sooner rather than later but now it’s here, it’s a big help to everyone,” Jolly, who trains in partnership with his daughter Chantelle, said.
“The smaller trainers are getting a hand as well with the provincial prizemoney going up as well.
“It’s terrific that everyone gets a little bit, even down at the bottom end of a race because every little bit goes some way to helping pay the bills.
“The owners will be very happy to read that and they’ll be happy to keep racing horses in South Australia.”
Racing in South Australia has done well to continue largely uninterrupted through the global pandemic.
The state lost only two meetings, on Friday at Naracoorte and Saturday at Morphettville, during the short-lived Adelaide lockdown last week.
Originally published asTrainers laud SA prizemoney boost
Source: Read Full Article