prize-money boost

The programming of over 60 high-value 2023 developmental races was announced by the British Horseracing Authority (BHA) on Wednesday. Consisting of maidens and novices with purses between £30,000-£50,000, the races will be funded by the BHA, Darley, Juddmonte, and the hosting racecourses. The objective of the prize-money boost is two-fold, with the aims of supporting horses at the beginning of their careers combined with supporting the domestic breeding industry and ensuring more quality young horses are retained to race in the UK. This initiative is intended to be the first...

Newbury Racecourse will offer a 16% increase in its prize-money for Flat and jump races throughout 2023 to £6.06 million, the racecourse announced on Tuesday. With a further increase planned for next year, the upturn in funding is largely through a record executive contribution by the racecourse of £3.1 million, which has increased by £650,000 from 2022. The G1 Al Shaqab Lockinge S. and The BetVictor London Gold Cup Handicap S. will both feature in the World Pool programme of races this year, representing the first time that Newbury has...

For the first time, prize-money in Victoria, Australia will be above A$300 million, as the 2022-2023 racing schedule was released on Tuesday by Racing Victoria. The season will feature 554 race meetings beginning on Aug. 1, with total prize-money and bonuses on offer equaling A$314 million. This increase brings the average prize-money and bonuses on offer per race in the state to a nation-leading figure of over A$72,600. Totaling A$26.2 million, the prize-money boost includes more than A$11 million in additional funding for minimum prize-money and over A$7 million of...

A prize money boost of over £3 million at The Jockey Club racecourses for the remainder of 2021 was announced on Tuesday. This purse increase brings prize money to within 9% of pre-pandemic levels. Total prize money will exceed £42 million this year at all levels of the sport for the 15 racecourses operated by The Jockey Club. This amount is prior to additional funding from the industry's Appearance Money Scheme (AMS). These prize money increases are effective immediately, with the Cazoo Derby Festival gaining £65,000 and a £135,000 boost...

The Cazoo Derby Festival on June 4-5 and Coral-Eclipse Day on July 3 both received an increase in prize money, The Jockey Club announced on Tuesday. Limited spectators returning to racecourses, despite the ongoing COVID-19 pandemic, was cited for the increases. Held at Epsom Downs Racecourse, the Cazoo Derby Festival's purses were increased 12% across the 11 non-Group 1 races. None of the races over the two-day stand will be run for less than £40,000 and no handicaps will be worth less than £50,000. The Cazoo Derby is still worth...

The Qatar Goodwood Festival, slated for July 27-31, will boast an increase in prize money for its three feature races, the racecourse announced on Tuesday. The G1 Qatar Sussex S. will once again be worth £1 million, while the G1 Qatar Goodwood Cup has total prize money of £500,000. Rounding out the three Group 1s with increased prize money is the G1 Qatar Nassau S., which will be worth £600,000. Overall, the five-day festival will offer over £4.8 million in prize money in July. In 2020, purses were reduced due...

Prize money levels have been restored to their pre-COVID-19 levels for each race in the Foran Equine Irish EBF Auction Series and the new Irish EBF Median Sires Series, the Irish European Breeders' Fund announced on Monday. Each race series had its prize money cut per race by €1,000 as a result of the coronavirus, but the Irish EBF stepped in to return prize money levels to pre-COVID. There are 10 Foran Equine Irish EBF Auction races and 11 Irish EBF Median Sires races to the beginning of August, with...