Group and Listed Prizemoney Increasing in NSW

Media Release - Monday May 29

Racing NSW is pleased that it is able to fund the following prizemoney increases from sustainable revenues notwithstanding it gets a lesser share of the Point of Consumption Tax relatively compared to Queensland and Victoria and has lower race field fees than both those jurisdictions. Racing NSW to date has been able to increase its wagering turnover and revenues this year and also benefits from a much more cost-effective structure.

The minimum prizemoney for Group and Listed races in NSW, will be increased by a further $7 million per annum following changes announced today by Racing NSW.

Advertisement

Taking effect from 1 August 2023, the minimum prizemoney for Group and Listed races will be increased as follows:

$750,000 from $600,000 Group 1 Minimum
$300,000 from $250,000 Group 2 Minimum
$250,000 from $200,000 Group 3 Minimum
$200,000 from $160,000 Listed Race Minimum


In addition, the following Group 1 and 2 races will increase to $1 million.

$1,000,000 from $750,000 Winx Stakes, Group 1 (August 2023)
$1,000,000 from $600,000 Chipping Norton Stakes, Group 1 (March 2024)
$1,000,000 from $600,000 Coolmore Classic, Group 1 (March 2024)
$1,000,000 from $600,000 Champagne Stakes, Group 1 (April 2024)
$1,000,000 from $500,000 Concorde Stakes, Group 2 (September 2023)

These $1 million races are spread across a range of races including weight for age, fillies and mares and 2YO races with varying distances and conditions.

Racing NSW Chairman Mr Russell Balding AO said “The minimum prizemoney for ‘bread and butter’ races in NSW has increased so significantly that it has started to encroach upon prizemoney levels for Black Type races. Traditional Black Type races are important to the industry as a whole as much of the racing economy benefits from these races.

“Accordingly, these increases to minimum prizemoney for Black Type races recognises the aspirational nature of those races. Feature racing in Sydney and NSW is amongst the best in the world and these increases will reinforce this position,” Mr Balding AO added.

Racing NSW Release

Advertisment
More Reading...
Kicked out of Australia - Jan Brueghel Wins G1 Coronation
The horse kicked out of Australia last spring as not having suitable scans to race in the Melbourne Cup, Jan Brueghel showed just what we missed out on seeing when taking out the Group I Betfred Coronation Cup (1m4f) at Epsom overnight.
Sires With Winners - Saturday June 7
Here is the full list of 123 stallions which had winners throughout Australasia today with winners and result details.
Another Day, Another Stakes-Winner for Wootton Bassett
A homebred for Marc Chan, quality Wootton Bassett (GB) colt Green Impact closed out his juvenile season winning the Group II Champions Juvenile Stakes at Leopardstown and he bounced back into the winner’s list at the same venue overnight.
€1.85million Sale-Topping Frankel Filly Wins Epsom Oaks for Coolmore
The Group I Epsom Oaks (1m4f) had a raging hot favourite in undefeated Godolphin entry Desert Flower, but she came up short in her first try at the classic trip going down to finish third behind the Aidan O’Brien trained duo Minnie Hauk (Frankel and Whirl (Wootton Bassett).
First Group Victory For $3.5m Earner Front Page
Having raced at Flemington, Rosehill and Ascot at his last three starts, the Matthew Dale trained Front Page travelled to his fourth different state in as many starts, winning the $300,000 G2 BRC Moreton Cup at Eagle Farm.
First Stakes Success For Zoustar’s Zaszou
Becoming the second stakes winner of the meeting for Widden Stud’s Zoustar, the Philip Stokes trained Zaszou captured the $160,000 Listed BRC Helen Coughlan Stakes (1200m) in a photo finish.
Bold Maison Louis Resolute In Queensland Derby
The training partnership of John O’Shea and Tom Charlton continues to flourish as evidenced by a stable quinella in Saturday’s Gr.1 Queensland Derby (2400m) as Maison Louis defeated King Of Thunder in a perfect result for the Sydney trainers.
Capitalist Colt Records Back To Back Wins
Off the back of an explosive victory last time out at Hawkesbury when breaking his maiden by just shy of four lengths, Nathan Doyle’s Hidden Motive (Capitalist) justifiably jumped the short-priced favourite in the $160,000 Precise Air Handicap (1100m) at Randwick.
Cosmic Fire a New SW for Cosmic Force
Sunshine Coast trainer Billy Healey was thrilled to have a stakes-winner on a big carnival day at Eagle Farm with his talented Cosmic Force three year-old gelding Cosmic Fire soaring to new heights when taking out the $200,000 Listed BRC Queensland Day Stakes (1200m).
Group 1 Queensland Oaks For So You Think's You Wahng
With form around some of the best 3yo staying fillies in the country, the Kris Lees trained You Wahng was too strong, winning the $700,000 Group 1 BRC Queensland Oaks (2200m) at Eagle Farm.