Prize money for all Victorian greyhound races over 480 metres and beyond at Provincial and Level 3 race meetings will increase by 15 per cent from 15 March, GRV CEO Alan Clayton announced this morning on RSN Central.
Mr Clayton said this will see an extra $300,000 injected into 480m+ distance racing from mid-March through to the end of this financial year, while it will deliver an extra $900,000 in prize money to participants annually.
Under the changes we will see:
- Grade 5 races (480m to 594m) at Provincial Level be worth $1,900 to the winner and a total pool of $2,725.
- Provincial races from 595m+ will be worth $2,185 to the winner and a total pool of $3,145.
- Level 3 racing (Half Stakes/Tier 3) Grade 5 races (480m to 594m) worth $950 to the winner and a total pool of $1,365.
- Level 3 races from 595m+ will be worth $1,100 to the winner and a total pool of $1,580.
Mr Clayton said the increase is designed encourage our breeders, trainers and owners to aspire to race beyond 480m+ and support our racing product at these distances.
“We have made these changes permanent after consultation with key stakeholders such as GOTBA, to underpin our commitment to longer races and provide our participants with a clear vision for distance racing into the future.”
“We have made these changes permanent after consultation with key stakeholders such as GOTBA, to underpin our commitment to longer races and provide our participants with a clear vision for distance racing into the future,” Mr Clayton said.
“The structure aims to the support our existing ‘Go Distance Racing’ schedule, which already provides $300,000 annually in prize money rewards for distance racing.”
“Supporting these monetary incentives will be a review of some race programming initiatives, with the aim to provide opportunities for races over longer distances that will complement the new prize money structure.”
“These could include changes to field sizes required for distance racing, and changes to the distances of regular heats and finals at Provincial meetings.”
