Its now a good time to race thoroughbreds in Queensland after Racing Queensland (RQ) announced that there will be an additional $2.28 million added to prizemoney levels across the state from the 2017/18 racing season.
RQ CEO Dr Eliot Forbes said a “much-improved financial result for 2016/17” has led to the additional funds for prizemoney.
From August 1, provincial prizemoney levels, excluding maiden races, will be increased from $14,000 to $16,000 at Gold Coast, Sunshine Coast and Ipswich meetings.
An additional race worth $30,000 will be added to all metropolitan Saturday meetings while the Bernborough Handicap will be increased to $300,000 and the Nudgee Handicap will be increased to $125,000.
RQ also announced that $160,000 will be on offer in a Country Racing Series’ which includes three regional series and the inaugural Battle of the Bush – a $100,000 final for country-trained horses on Tatt’s Tiara day next year.
The current program of country race meetings and prize money levels will be maintained for country and regional racing.
“The Board has approved a $3.2 million ($2.28 million for Thoroughbred racing, $505,000 for Harness racing and $415,000 for Greyhound racing) increase to prizemoney in the budget for 2017/18,” RQ CEO Dr Eliot Forbes said.
“While there is still some way to go to returning RQ to profitability, the Board understands the importance of enhancing participant returns.”
“Improved wagering turnover and changes to the Race Information Fee (RIF) framework have enhanced revenue and a continued focus on costs will lead to a much-improved financial result for 2016/17.”
Race with Leading Syndicator BlueBlood Thoroughbreds and Michael Costa in QLD this outstanding early running type Eurozone Colt ( Pictured). View all the details on the colt on offer by visiting our website by the link below: