The Australian Trainers' Association South Australian Branch welcomes the much anticipated prizemoney increases to South Australian racing which came into effect on 1 February 2010.
As of 1 February 2010, metropolitan Opens will rise to $50,000 and juveniles, fillies and mares’ Opens to $40,000. No metropolitan class race will run for less than $30,000. On average, Metropolitan daily prizemoney has increased by over 25%.
There will also be some important increases at the elite level of racing from July 1st 2010 with Listed Races to increase from $70,000 to $85,000, Group 3 Races rising from $100,000 to $140,000, Group 2 Races increasing from $200,000 to $250,000 and Group 1 Races increasing from $300,000 to $400,000.
Midweek and Provincial races increase to $15,000 for Opens, with Country Open races rising to $10,000.
Feature Cup days have also been recognised at both Provincial and Country race meetings, with Provincial Cups to be run for $40,000 and Country Cups increased to $15,000.
The base prize money level of racing will rise considerably with the frequently run maiden races at the provincial level rising 29% to $10,000.
Prize money for Maiden races in the country has risen by 28% to $8,000.
A further 24% increase across the board over a 12 month period will apply as of February 1, 2010 - the fourth increase since the new Thoroughbred Racing SA Board took office 24 months ago.