RECORD PRIZEMONEY INCREASES

Record prizemoney for Goulburn Greyhound Racing Club meetings was announced today by Greyhound Racing NSW Chief Executive Officer Mr Tony Mestrov as part of the industry’s biggest funding increases in history.

Minimum first prize at all Goulburn meetings from July 1 will increase from $850 to $1,500 (excluding maidens).

In addition, the Goulburn Cup, the club’s jewel in the crown feature event, will now be worth a record $25,000 to the winner (up from $10,000).

“This is a significant announcement for the Goulburn Greyhound Racing Club and all participants within the grassroots regions who race at the track,” Mr Mestrov said.

“The increase in minimum first-place prizemoney from $850 to $1500 is a major boost for participants and ensures a vibrant and sustainable future for existing owners and trainers, while also opening the door to new participants.”

Mr Mestrov said the Goulburn Cup, to be run on 27th October, 2019, will now carry a total prizemoney purse of $33,000.

“We are delighted to be able to reflect the importance of the Goulburn Cup by lifting the race to Group 3 prizemoney status and increasing overall prizemoney from $13,000 to $33,000, with the winner to receive $25,000, which is up from $10,000,” Mr Mestrov said.

Goulburn is one of five clubs across regional areas of NSW, alongside Grafton, Dubbo, Bathurst and Wagga, to have its Cup elevated to Group 3 status worth $25,000 to the winner.

“The prizemoney increases reflect the importance of these time-honoured events and will shine an even brighter light on those meetings and towns,” Mr Mestrov said.

Today’s announcement for the Goulburn club was part of a $3.2 million increase in prizemoney across NSW, the biggest lift in the industry’s history, with a record $33 million to be paid to State participants over the next 12 months.

Mr Mestrov said total prizemoney to be paid across NSW in the next financial year (2019-2020) would be $28 million, up from $24.8 million, and combined with the recently increased travel subsidies paid to all participants would boost the total funds distributed to $33 million over the coming 12 months.

“Not only does the new prizemoney model greatly assist a sustainable future for regional NSW participants, but we are also lifting prizemoney at Wentworth Park’s Saturday night meetings to a minimum $5000 first prize for the first time in the industry’s history,” Mr Mestrov said.

“These very healthy new prizemoney levels are part of implementing the GRNSW Strategic Plan, which was released last October, and is built upon three pillars – Responsible, Competitive, Sustainable.”

Minister for Better Regulation and Innovation, Kevin Anderson said the increase in prize money is just one way of restoring confidence in the industry as they experience a suite of reforms.

“We want to see a strong and vibrant Greyhound industry, which is why we are working closely with GRNSW, breeders, owners and trainers to implement ongoing reforms, not just to see the industry survive but to see it thrive. 

“The outlook for racing in NSW is bright, and we are well positioned to take full advantage of the opportunities before us.”

Non-TAB country clubs will now also race for an increased minimum first prize of $300.

Mr Mestrov added: “We are now engaging with breeders across NSW to determine the best options to provide more incentives for breeders, while also looking at more competitive prizemoney levels for distance racing and more racing programming options.

“Further to prizemoney increases, GRNSW is also looking forward to making announcements about animal welfare initiatives and more commercial ventures in the near future,” he said.

To see the new prizemoney tables, go to www.grnsw.com.au.

For further enquiries, contact Michael Cowley on 0408 485056