Following a code funding allocation increase earlier this financial year, increased turnover during the first four months of 2017/18 on Tasmanian racing product has enabled Tasracing to increase code funding by a further $1.24 million.
The increase will be distributed across the three codes between January and June next year.
Turnover in Tasmania for the first four months of 2017/18 increased by 11.6 percent or $17.7 million.
Tasracing chairman Dean Cooper said the increased turnover and the resulting race field fee result were excellent outcomes for the industry in Tasmania that were driven by a number of factors.
“Tasracing’s strategy to achieve increased turnover and race field fee revenue is based on taking advantage of Tasmania’s distinct participant pool and delivering a superior digital product,” he said.
“Through our website, tasracing.com.au, we are targeting sophisticated punters who understand the value of good data.
“In addition, our close working relationship with Sky Racing allowed us to become the first racing jurisdiction in Australia to make available free online streaming of our race meetings across all three codes.”
Mr Cooper said Tasmanian racing industry participants had played a key role in this success.
“They are to be congratulated for their collective contribution to the result and the quality of racing product they present,” he said.