Greyhound Racing SA (GRSA) is pleased to announce that returns to South Australian participants will be increased from 1st October 2012. As a result of these increases, 2012/13 returns will rise by 6.6% to $5.86 million.
In making this announcement, GRSA Chairman Michael Fabbro noted the absolute need to grow participant returns, despite the separate requirement for significant investment in tracks and facilities.
“The recently released GRSA Strategic Plan identifies an objective of $7 million in industry returns by 2016/17. The Board is committed to supporting the local industry by way of year-on-year stakemoney increases during that five year period.”
GRSA CEO Matt Corby said “These increases should come as welcome news for South Australian participants and are just reward for the significant commitment that greyhound owners and trainers make in support of their participation”
“The simplified model of stakemoney distribution, reflects GRSA’s desire to provide a more equitable framework of support to each of the key racing regions in South Australia”
The stakemoney distribution model will now comprise of the following categories:
- Category 1 – Angle Park Thursday
- Category 2 – Angle Park Monday, Gawler Tuesday
- Category 3 – All other TAB meetings
This classification of meetings will result in significant increases to stakemoney at many of the meetings across the state and provides greater clarity for participants in determining stakemoney by meeting. The model also provides for:
- Increased stakemoney for Middle Distance events at Category 1 & 2 meetings
- Increased stakemoney for higher graded races at Angle Park Thursday meetings
- 12 races being conducted at Angle Park Wednesday meetings (subject to noms)
Please see the tables below for a full breakdown of all stakemoney increases in South Australia.