Returns to South Australian greyhound participants will increase for the eighth consecutive year, after the GRSA Board approved a 4.13% increase to total returns in the 2014/15 financial year.
The increase will add an additional $254,000 to industry returns, which incorporates stakemoney, trainers rebate, SA bred bonuses and the popular breeders’ rebate scheme. Total industry returns will exceed $6.4 million in the next racing season.
GRSA Chairman Michael Fabbro said the announcement was extremely positive for the local industry, especially considering GRSA is committed to a number of important capital works projects over the coming years.
“The GRSA Board recognises the importance of year-on-year increases to participants, notwithstanding the fact that the industry will be investing in much-needed facility upgrades over the next few years” Fabbro said.
CEO Matt Corby added “The last eight years have been a period of sustained growth for greyhound racing in South Australia. The increases to next year’s returns forms part of a five year plan for GRSA to exceed $7 million in total industry returns by 2016/17.”
Key changes to GRSA participant returns include:
• A major change to all Category 3 meetings with stakemoney to be tiered by Grade type, resulting in a 9.1% increase to the category
• An increase to the trainers rebate to $30 per trainer and $5 per greyhound (currently $25 per trainer)
• A 3.6% increase to base level metropolitan stakemoney on Thursday nights
• Special Events (including heats and semi-finals) and all Finals to carry the same stakemoney as Free-For-All events
• Increase to the Cup allocation for Mt Gambier and Strathalbyn resulting in total stakemoney for these events of $10,000