Racing Victoria to Implement New Product Fee Regime / Victoria / 12 Apr, 2012


The Board of Racing Victoria (RV) has determined that it will move to a turnover-based product fee model based on 1.5% of turnover, increasing to 2% during the months of October and November to be paid by all wagering service providers approved to use and publish Victorian thoroughbred race fields.

The timing for implementation of the new regime is subject to any amendments that may be required to Victorian legislation to address the implications of the High Court’s judgement handed down in March and the pending judgement in a separate Federal Court case involving Sportsbet and Harness Racing Victoria (HRV).