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Image: Steve Hart
The Queen Elizabeth Stakes has had $2 million stripped from the prize pool

Racing NSW has announced a major reduction in prizemoney for The Championships less than a week out from the opening day at Randwick.

More than $9 million in prizemoney will be stripped from the feature races of the two day Championships.

Racing NSW indicated that a reduction in wagering, due to the current lockdown of pubs and TAB venues, was the cause of the reduction.

Other sources of funding for prize money, on-course attendances and sponsorship, have also been severely impacted given the public is not allowed to attend race meetings.

Racing NSW has a Future Fund to enable the NSW Racing Industry to continue in the face of such challenges but says it is important to maintain those cash reserves for as long as possible given the uncertainty of the situation.

The Queen Elizabeth Stakes was the biggest hit with $2 million stripped from the prize pool while the Doncaster Mile has had a $1.5 million reduction.

Have Your Say 🗣: Have Racing NSW made the right call? Comment below

Revised prizemoney for The Star Championships

Day 1 (4 April) Previous Prizemoney  Reduction Revised Prizemoney
Doncaster Mile $3,000,000 -$1,500,000 $1,500,000
T J Smith $2,500,000 -$1,250,000 $1,250,000
Derby $2,000,000 -$1,000,000 $1,000,000
Inglis Sires $1,000,000 -$500,000 $500,000
Country Championships Final $500,000 -$100,000 $400,000
Chairman’s Hcp $300,000            – $300,000
P J Bell $200,000             – $200,000
Adrian Knox $200,000               – $200,000
Carbine Club $200,000                – $200,000
Kindergarten $200,000                 – $200,000
Day 2 (11 April) Previous Prizemoney  Reduction Revised Prizemoney
Queen Elizabeth $4,000,000 -$2,000,000 $2,000,000
Sydney Cup $2,000,000 -$1,000,000 $1,000,000
Australian Oaks $1,000,000 -$500,000 $500,000
Coolmore Legacy $1,000,000 -$500,000 $500,000
Arrowfield Sprint $1,000,000 -$500,000 $500,000
Percy Sykes $1,000,000 -$500,000 $500,000
Provincial Championships $500,000 -$100,000 $400,000
Sapphire Stakes $300,000           – $300,000
South Pacific Classic $150,000           – $150,000
Fernhill Hcp $150,000           – $150,000
 
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