Horse Racing in Australia is Best in World

Horse Racing in Australia is Best in World

Horse Racing in Australia is Best in World

Horse racing in Australia has seen increasing prize money, improved Breeders Schemes and a strong contribution back to racing by Magic Millions and Inglis, this has combined to make Australia by far the best possible place for industry participants.

The increased prize money will also have an impact in the sales rings around the country and the entire racing industry in Australia will continue to get stronger, it is a great time to get involved.

Just some of the new programs from 2018 are listed below, they do not include all of the benefits of each states breeding incentives.

New South Wales

Racing NSW dropped a couple of big announcements yesterday, a solid increase in prize money across the State as well as a new $1.3 million race – The Kosciuszko restricted to
only NSW country trained horses who will get a chance to compete on the biggest day of racing in Australia with more than $16 million of prizemoney on offer.

Racing NSW Chairman Mr Russell Balding AO, announced a broad range of prizemoney increases to take effect from 1 September 2018, with prizemoney to increase by more than $24 million annually.

“We are delighted to be able to deliver these significant increases in prizemoney across all three sectors coinciding with the start of the spring” said Mr Balding.

From September minimum prizemoney for Saturday metropolitan races will increase by $25,000 to $125,000 per race.

The majority of the increase in prizemoney will be on horses finishing fourth to tenth in races bolstering returns to connections of the horses not finishing in the top three. In order to improve the cash flow for trainers, in a first for NSW racing, part of the increased prizemoney paid for horses finishing in these positions will be paid by Racing NSW directly to the trainer.

Victoria

Racing Victoria (RV), in association with Thoroughbred Breeders Victoria (TBV), has started the countdown to ‘The Showdown’ – a landmark $1 million race to be staged at Caulfield Racecourse in April 2019.

The 1200m event, to be run exclusively for the two-year-old progeny of VOBIS Sires’ nominated stallions, has been named in honour of Victoria’s champion Australian stallion of the 1970s – ‘Showdown’.

The $1 million The Showdown will become a permanent fixture on the Victorian racing calendar, and will help pave the way for further expansion of the VOBIS Sires program when the $500,000 three-year-old VOBIS Sires (1600m) race commences in 2020.

These two races, in addition to the lucrative VOBIS Gold Premier Race Series already on offer, will by 2020 be worth at least $4.45 million a season. The whole VOBIS program, inclusive of bonuses and prizemoney, will offer more than $20 million.

The Melbourne Cup received a $1 million lift to $7.3 million while the Caulfield Cup and Cox Plate become $5 million races after 40 per cent increases on the existing levels of $3 million.

A total of $12.4 million of prize money will be poured into prize money across the state from the state of the new season in August. As well as addressing prize money levels at the top end, Racing Victoria has also moved to bolster 67 country cups and other minor races across the state.

The investment will see a record $228.5 million in prize money and bonuses on offer in Victoria next season, representing a 32% increase since 2015 and leading to a nation high average of $52,057 in prizemoney and bonuses on offer per race.

Queensland

In January Prize money for metropolitan races in Queensland will rose by $10,000 to $70,000 in most Saturday-class races.

That was part of a $12 million a year injection of prize money across the three codes with thoroughbred racing to get $8.6 million, greyhounds $3 million and harness racing $400,000.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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