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Jockey Club Boosts Prize Money to Record Levels
Britain's The Jockey Club has announced that it will increase its prize money contribution by a record £4.2 million in 2018. This will see Jockey Club Racecourses contribute a record £27.1 million to prize money from its own resources next year, subject to abandonments, which will be distributed across all levels of the sport. Total race values offered across its 15 racecourses are set to reach a record £53 million, an increase of £8 million year-on-year. The Jockey Club's 348 racing fixtures scheduled for 2018 will offer, on average, record total race values of £153,000 per fixture, up from a record £133,000 in 2017 - a growth of 15% year-on-year. "This is The Jockey Club's largest ever commitment to horsemen and we really hope that will also translate into good news for racing fans alike," said Paul Fisher, Chief Executive of Jockey Club Racecourses. "Some people might think that our prize money is all about the highest race classes or at one or two racecourses, but these figures demonstrate another step forward in our commitment to supporting British Racing at all levels." Governed by Royal Charter, The Jockey Club's mission is to act for the long-term good of British Racing, which includes reinvesting all its profits back into the sport.