Tasracing has finalised the funding allocation for the three racing codes after consultation with code industry groups.
At its 29 September meeting, the Tasracing Board agreed to increase code funding by $2.26 million, or 8 per cent.
As part of this increase, stakes will increase for the harness code by 6 per cent, 7.1 per cent for thoroughbreds and 7.7 per cent for the greyhound code.
In addition to the stakes increases agreed to yesterday (29 September), thoroughbred rider fees will increase by 6 per cent while harness driver fees will increase by 18 per cent.
The Tasbred Breeding Incentive bonus scheme for thoroughbreds and standardbreds will also benefit from increases that are designed to further improve returns for Tasmanian-bred horses and owners who have invested in the industry in Tasmania.
Importantly, the State Government’s support for the industry gives participants the confidence to continue investing in it.
The Tasmanian racing industry is critical for the State. It generates more than $103 million a year in economic activity, importantly in our rural and regional areas.
More than 5,500 Tasmanians are either employed in the industry or are direct participants.
The Tasmanian Government will continue to be a strong supporter and advocate for the industry.
For details on funding allocation for each code please visit: