Best Odds with Top Tote+ and Bet Back Offers!
Register at Australia's #1 Online Bookmaker!
Back A Winner!
Sign-Up to Australia's Fastest Growing Online Bookmaker!
Back Yourself!
Sign-up and start betting with Ladbrokes in 2 minutes!
Best Of The Best Odds!
Bet With Palmerbet and get Paid Top Fluc or Top Tote!
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly
Image: Bruno Cannatelli

Thoroughbred racing in South Australia will benefit from a return to pre-COVID prizemoney levels in a series of funding decisions announced today by the Board of Thoroughbred Racing South Australia (TRSA).

The new prizemoney levels – which come into effect on 1 December – also include an increase equal to the riding fee deduction.

“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,” TRSA Chair Rob Rorrison said.

“The Board has also taken feedback from stakeholders into account regarding the riding fee deduction. While our legal advice is that the riding fee deduction needs to remain, we are further increasing prizemoney and the unplaced subsidy by an amount equal to the riding fee at a cost of approximately $2.6 million per year.”

The announcement has been welcomed by leading trainer Tony McEvoy of McEvoy Mitchell Racing.

“Prizemoney is the lifeblood of our industry; it pays the wages and helps drive confidence levels across the racing community,” he said.

“To have prizemoney trending back upwards in South Australia is fantastic news and underlines the importance of the steps taken by TRSA and the relevant health authorities in keeping racing going through the pandemic.

“It’s also great to see that TRSA has recognised the industry’s feedback around the riding fee deduction.”

New prizemoney levels:

Metropolitan    Pre-COVID Current From 1 December
Non-Maiden $50,000 $45,000 $52,250
Non-Maiden $40,000 $36,000 $42,250
Maiden $35,000 $31,500 $37,250
Provincial
Non-Maiden $20,000 $18,000 $21,800
Maiden $17,500 $15,750 $19,300
Country
Non-Maiden $15,000 $13,500 $16,800
Maiden $13,000 $11,700 $14,800

TRSA will also amend the distribution of prizemoney as follows:

  Metropolitan  Provincial & Country
1st 55% 52%
2nd 18% 18%
4th 8% 10%
5th 5% 8%
6th 4% 3%
7th 2% 3%
8th 2% 3%
9th 2%
10th 2%

TRSA will also make amendments to the scratching fees.

 
*Existing customers only. 2nd Racing bet. Excl SA & WA. T’s & C’s apply. Gamble responsibly.
Featured News

Free Racing Bonus Bets and Offers

We take a look at the BIGGEST and BEST Free Daily Racing Offers and Betting Promotions from Australia’s leading online...

Watch 📺 Breathtaking debut by potential star ⭐️

Some people knew he had enormous talent but when he drew gate 15 for his first ever assignment, a few...

Isotope cleared for a Sydney autumn cameo

Extensive tests have cleared Isotope from any serious injury arising from her Magic Millions Guineas scare. Isotope clipped the heels...

Star 3YO suffers a career-threatening leg injury

Promising three-year-old Glenfiddich is out of the autumn carnival after suffering a career-threatening leg injury. Trainer Peter Moody confirmed the...

Corey Brown fighting for spinal surgery

Melbourne Cup winning jockey Corey Brown is waiting on a court hearing before he can hopefully be cleared to have...

Watch 📺 Another Rockhampton rocket unearthed

Back in October 2012, at Rockhampton over 1100m, a horse flew around the course in a Class 1 and bolted...

Australian Bookmaker Reviews

Which bookmaker should you bet with? We Review each of the leading online Australian Bookmakers and rate them in order...

 
 
Copyright © 2021 Just Horse Racing.
All rights reserved - Privacy Policy

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.
18+ Don't let the game play you. Stay in control. Gamble responsibly. Think! About your choices. Call Gambling Help on 1800 858 858 or visit www.gamblinghelp.nsw.gov.au or www.gamblinghelponline.org.au.