We have to give credit where credit is due on any measure V'Landys deserved his gong...God Save The Queen.
From the CEO's report.
The victory in the Race Fields’ case and accompanying
revenue enabled Racing NSW to increase prizemoney
from July 2012. This provided the most significant across
the board increase ever to prizemoney in NSW, with total
NSW prizemoney increasing by $28.8 million for 2012/13.
This increase enabled:
●● A 50% increase for Country racing with every race at
TAB meetings increasing from $10,000 to $15,000;
●● A 21% increase for Saturday Metropolitan meetings
taking races from $70,000 to $85,000;
●● Races at Metropolitan mid-week meetings increasing by
30% from $27,000 to $35,000. These were increased by
a further $5,000 to $40,000 per race from July 2013;
●● Races at public holiday Metropolitan meetings were
increased by $7,750 per race to $50,000 from July 2013;
●● Provincial races increasing by between 42% and 46%
to $22,000; and
●● Races at Country Sky2 race meetings increasing by
60% to $8,000 per race and races at Country non-TAB
meetings increasing by 71% to $6,000 per race.
In addition a new policy saw prizemoney paid down
to 10th place so as to offset costs incurred by owners in
having their horses presented for race meetings.
These prizemoney increases saw returns to owners in
2012/13 increase from $147.6 million to $173.3 million.
Also boosting returns to owners for 2012/13 was
another strong year for Racing NSW’s Breeder Owner
Bonus Scheme (BOBS). Total bonuses paid to winning
owners including BOBS Double Up were $10.6 million, with
BOBS continuing to be the most lucrative of any Australian
State bonus scheme.
Despite the increase in prizemoney that have taken
place from July 2012 and July 2013, racehorse owners in
NSW collectively bear deficits of $170 million in the costs
(this does not include the cost of acquiring the horse) of
having horses trained for competition compared to their
prizemoney return. The extent of this ‘subsidy’ from
owners continues to be the most pressing strategic issue
facing the industry and its longer term viability.
Racing NSW is working stridently to improve the
funding of the NSW Thoroughbred Racing Industry to reduce
the net costs for owners of participating in racing.