Reinstatement of Prizemoney and Confirmation of Race Dates

Media Release - Monday June 1

The Chairman of Racing NSW, Mr Russell Balding AO, today announced that prizemoney levels will be restored to pre-COVID-19 levels, effective 1 July 2020.

Mr Russell Balding also confirmed that the prizemoney levels for the feature races in the NSW Spring Carnival will be maintained and also confirmed the dates of those races (see attachment).

“Collectively, the industry has done a great job at ensuring that racing has continued during these uncertain times. Industry participants across all sectors complied with the very strict and successful bio-security measures adopted by Racing NSW, which were critical to enabling racing to continue during COVID-19. This in turn meant that wagering turnover, which is the main source of funding for prizemoney, was not as adversely impacted as initially feared, such that Racing NSW is in the financial position to be able to restore prizemoney levels much sooner than expected” said Racing NSW Chairman Mr Russell Balding AO.

“It is important that the thoroughbred racing industry is able to move forward with confidence. Restoration of prizemoney levels to their pre-COVID-19 levels, to be distributed to the industry participants who continued to put on racing during COVID-19, enables those participants to plan their future with confidence,” Mr Balding added

This announcement also confirms that The Everest, to be run on 17 October 2020, will be for a record $15 million with The Golden Eagle confirmed to be run on 31 October 2020, for $7.5 million. The second running of The Hunter and The Gong, to be on 14 November 2020 and 21 November 2020 respectively, will continue at $1 million prizemoney for each race.

Again, a record for Provincial Racing in New South Wales. Mr Balding also stated “The confirmation of racing dates enables industry participants to move forward with certainty.

Trainers and owners can now properly plan the racing preparations for their horses. With these announcements today, we are very confident that our extended Spring Carnival will be further strengthened and build on the success of last year."

Advertisment
More Reading...
$1.4 Million Mares – Where Are They?
Audience interest in the whereabouts and performance of the most expensive broodmares sold at public auction in Australia has led to another story highlighting all of those in the popular price bracket of $1.4 million.
Four Years Beween Drinks, Lord Von Costa Chalks Up His Second Stakes Win
Four years after capturing the Listed A.R. Creswick Stakes (1200m) at Flemington, Lord Von Costa earned his second stakes success in Saturday’s Victorian Sprint Final over the same track and distance.
Most Expensive Mares – Are They Worth the Money?
Our story last week speculating on the impending sale of Sunlight and where she would fit in the list of Australia’s most expensive mares sold at public auction got us thinking about the others on the list and where are they now?
Frankel Filly Makes the Early Running at Easter Round 2
A filly by super sire Frankel made the early running when Round 2 of the Inglis Easter Yearling Sale commenced on Sunday, when hammered down to Satomi Oka Bloodstock, on behalf of a Japanese client, for $500,000.
Greatness is Planned
Great stallions rarely appear by accident and one of the world’s best farms has a happy knack for creating champion racehorses and champion sires capable of reshaping the world of racing and breeding.
Oaks and Derby Winner Both Sired by Galileo
Galileo might be 22, but you would never know that looking at racetrack results this year with his progeny continuing their domination of major races wining both the Group I Epsom Derby (1m4f)  and Oaks (1m4f) overnight in the UK.
Puissance de Lune's Chantrea Stays Perfect in Belmont Oaks
It proved to be a successful day at Belmont for Victorian-based stallions for shortly after Fiorente’s Cousin Ivan claimed the Listed Aquanita Stakes, it was the turn of the Puissance de Lune (IRL) filly Chantrea to run her unbeaten sequence to five in the Listed Belmont Oaks (2000m).
Magic Pinhook Winners
A record breaking Magic Millions made for a fertile ground for pinhookers with many producing good results and a full list with highlights in this story.
New Zealand Racing Calendar Confirmed
More than 1,000 race meetings at 51 venues throughout New Zealand were confirmed today by the Dates Committee of the Racing Industry Transition Agency (RITA) for the forthcoming racing year.
Night Of Thunder's Cherry Tortoni Stays Perfect in Taj Rossi
Exciting two-year-old Cherry Tortoni kept his record at a perfect three for three in Saturday’s Listed Taj Rossi Final (1600m) at Flemington however the son of Night Of Thunder (IRE) was made to fight for it.