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Return to Normal NSW Prizemoney from July

Tuesday, 2nd June 2020

Chairman of Racing NSW, Mr Russell Balding AO, has announced that prizemoney levels will be restored to pre-COVID-19 levels, effective 1 July 2020, reports racingnsw.com.au. Balding also confirmed that the prizemoney levels for feature races in the NSW Spring Carnival will be maintained. “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.” He added, “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.” The announcement also confirmed 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. The resumption of normal prizemoney levels from 1 July is as per below:

  • Metropolitan Saturdays – Restored from $100,000 to $125,000
  • Metropolitan Midweek – Restored from $45,000 to $50,000
  • Highway Races – Restored from $67,500 to $75,000
  • Provincial Races - Restored from $31,500 to $35,000
  • Country Showcase Races – Restored from $27,000 to $30,000
  • Country TAB Races – Restored from $20,000 to $22,000

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The Everest will be worth a record $15 million in 2020 (pic: Steve Hart)
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