The latest increases will see minimum prizemoney levels go up by a further $626,476 over the next 12 months, representing a 3% rise on GRNSW funded prizemoney compared to the corresponding period.
GRNSW Chairman Eve McGregor said the prizemoney increase will have a direct benefit for greyhound racing participants in NSW.
“Prizemoney increases are always welcome and the Board was of the view that participants were due an increase in prizemoney,” Ms McGregor said.
The prizemoney increases will take GRNSW’s underlying deficit in 2012/13 to $1.3 million and Ms McGregor said this was something that needed to be addressed moving forward.
“The Board is focused on broad industry reform that will put the sport of greyhound racing on a sustainable footing for the future. A review of all aspects of the sport is underway and is expected to be completed before the end of the year,” Ms McGregor said.
The increases to minimum prizemoney levels are detailed below. There are no minimum prizemoney levels for Non-TAB races. However, Non-TAB clubs are required to pay all
monies they receive from GRNSW as prizemoney allowance in prizemoney over the course of the year.
The prizemoney increases will come into effect for all meetings run on Saturday 7 July 2012 onwards.