The Tasracing Board has finalised the allocation of the code funding for 2016/17 and greyhound racing has been allocated a 4% increase on the base stakes of 2015/16 (after the stakes reset from 1 November last year).
This increase together with $59k from the 2014/15 season provides a total allocation of $3.966k.
The Greyhound Reference Group recommended that the $59k from the 2014/15 season be allocated for additional races from mid August and the last of this funding was expended at the Devonport meeting on 19 October 2016.
After reviewing the expenditure options, the Greyhound Reference Group recommended that the stake levels remain unchanged from last season with the exception that Masters Races, which will be increased to normal Mixed 4/5 stakes, with the balance of the funding being directed to Tasbred Grade 6 Bonuses ($11.1k), the premium for the handlers and catchers insurance ($4.9K) and the Greyhound Adoption Program ($290.25k).
The balance of $24k has been allocated to additional races at Hobart, where the greatest benefit for the industry can be achieved in turnover figures and has been allocated to the following 12 race meetings:
November 3 Gold Cup Heats
November 10 Gold Cup Final
December 8 Barry Heawood Hobart Thousand Prelude
January 5 Dennis Collis Memorial Heats
January 12 Dennis Collis Memorial Final
January 26 Maiden Thousand Final
March 23 Maiden Series Final
April 6 Easter Series Heats
April 1 Easter Series Finals
April 27 Vet’s Medley Heats
May 11 Vet’s Medley Final
June 15 Silver Trophy Final
This recommendation was approved by the Tasracing Board effective from 1 November 2016.