THE RACING NSW STRATEGIC PLAN BASED ON TAX RELIEF
If tax parity is approved, the NSW racing industry expects to get an annual injection of around $72 million
Comparison of TAB revenue to other states
* NSW racing receives $4.70 for every $100 bet on the totalizator while the state government gets $3.22
* The Victorian industry receives $7.90 per $100 and the government $1.28
* Queensland racing gets $7.25, the government $0.82
* In South Australia the return to racing is $8 and the government takes nothing while in Western Australia the division is $6.67 to racing and $2 to government
Summary of aims based on a revision of the levy:
* Reducing the deficit faced collectively by racehorse owners between prizemoney and training and racing costs, by further increasing prizemoney levels benefiting all participants including owners, trainers, jockeys and licensed stablehands
* Broadening the distribution of prizemoney to participants across NSW including enhancements to the BOBS scheme
* Reviewing Race Fields fees and determining the optimum level of fees that can be generated
* Further developing The Championships and a world class Sydney Autumn Racing Carnival that is compelling and attracts considerable international and interstate visitation at its climax
* Improving the quality of race broadcasts, presentation, quality and access to racing information and form
* Engagement of a broader audience through effective digital marketing and branding
* Developing an integrated industry marketing and branding strategy
* Setting race dates to maximise returns, improve the opportunities for participants outside the Metropolitan area and promote racing throughout NSW as a whole
* Reviewing the capital expenditure proposals for racing across NSW and broadening the base of capital expenditure for racing, training and customer facilities
* Improving workplace health and safety across the industry
* Improved regulatory and integrity regimes that build public confidence
* Improving the viability of race clubs
* Improving future workforce and human resources
* Racing NSW to increase prize money and abolish nomination and acceptance fees
* Saturday metropolitan races to be worth $100,000. Listed races to carry a minimum of $150,000
* Significant increases for all other races including $30,000 races in provincial areas and $20,000 for country races
* A $2 million investment in traineeships and apprenticeships in high youth unemployment areas
