Prizemoney Boost for Distance Dog Racing

Media Release: GRNSW

Distance racing across the state is set to receive a major boost after Greyhound Racing NSW (GRNSW) today announced a significant increase in prizemoney levels for staying events.

As part of a strategy outlined in the recent Strategic Plan Chasing 2020, GRNSW will trial higher prizemoney levels for graded races run over the distance of 565m or above.

Chairman Professor Percy Allan AM said GRNSW had identified the need to address a decline in distance races across the state, while also providing an increased wagering proposition that has proven attractive for punters.

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“Our research and participant feedback suggests that there is a lack of staying races throughout NSW and the Board has identified this substantial increase in prizemoney levels as part of the remedy to the issue,” Mr Allan said.

“We know that distance races have proven to be popular with punters in the past providing larger betting pools, and this has been reflected in turnover levels for the past two years.

“This prizemoney increase should reinvigorate our distance events, not only from a participant perspective with increased returns, but also for the punter who has a clear appetite for the competitiveness of the longer races.

“It builds on the prizemoney increases delivered by GRNSW over the last two years that now total in excess of $6 million, representing an increase of over 40%.”

Chief Executive Brent Hogan said that the latest prizemoney increases delivered by GRNSW would boost minimum prizemoney levels by a further $300,000 over the next year.

“As part of the trial, all placegetters in metropolitan staying races are set to receive a 10 per cent loading on minimum prizemoney” Hogan explained.

Meanwhile TAB A, TAB B and TAB C meetings will also attract a significant boost in prizemoney levels.

“Placegetters in third grade and free for all distance events will receive a 20% loading on minimum prizemoney levels, while those that finish in the placings of fourth and fifth grade events will be paid at third grade minimum prizemoney levels.

“GRNSW will endeavour to work with clubs to better coordinate the programming of middle distance and staying events to effectively carry out the trial over the coming months,” Mr Hogan said.

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For further information please contact:

GRNSW Communications Manager

Adam Pengilly

Ph: 0401 641 943

Filled Under: Media Releases