Greyhound Racing NSW Chief Executive Officer Mr Tony Mestrov today announced the biggest prizemoney increases in the industry’s history as part of a record $33 million to be paid to participants over the next 12 months.

The $3.2 million boost in prizemoney levels will be shared across the State’s race meetings with the majority going to regional NSW participants, he said.

All winners at regional NSW’s provincial clubs will now receive $1500, a more than 76% increase from the current $850 (excluding maidens).

In addition, the feature Cup events at Wagga, Bathurst, Grafton, Goulburn and Dubbo tracks will now be worth a record $25,000 (up from $10,000).

“These are significant announcements that will greatly benefit all participants in the NSW greyhound industry, with the increased prizemoney to come into effect from July 1 this year,” Mr Mestrov said.

He said the prizemoney to be paid across NSW in the next financial year (2019-2020) would be $28 million, up from $24.8 million, and combined with the recently increased travel subsidies paid to all participants would boost the total funds distributed to $33million over the coming 12 months.

“Not only does the new prizemoney model greatly assist a sustainable future for regional NSW participants, but we are also lifting prizemoney at Wentworth Park’s Saturday night meetings to a minimum $5000 first prize for the first time in the industry’s history,” Mr Mestrov said.

 “These very healthy new prizemoney levels are part of implementing the GRNSW Strategic Plan, which was released last October, and is built upon three pillars - Responsible, Competitive, Sustainable.”

Minister for Better Regulation and Innovation, Kevin Anderson said the increase in prize money is just one way of restoring confidence in the industry as they experience a suite of reforms.

“We want to see a strong and vibrant Greyhound industry, which is why we are working closely with GRNSW, breeders, owners and trainers to implement ongoing reforms, not just to see the industry survive but to see it thrive. 

“The outlook for racing in NSW is bright, and we are well positioned to take full advantage of the opportunities before us.”

Mr Mestrov said the increased prizemoney was fully funded by GRNSW and had been aimed at ensuring a vibrant and sustainable industry at grassroots regions within NSW.

“GRNSW expects the boost from $850 to $1500 in first prizemoney at provincial TAB meetings will be widely welcomed by the participants in this State,” he said.

“We are also delighted to announce big increases in funding for the feature Cup events at Wagga, Bathurst, Dubbo, Goulburn, Grafton as well as the Chief Havoc Cup at Gunnedah, which will be increased from $5000 to $15000 to the winner.

“These are very important races on the calendar and shine a light on the clubs and towns that are part of the backbone of our greyhound industry in NSW.”

Non-TAB country clubs will now also race for an increased minimum first prize of $300.

Mr Mestrov added: “We are now engaging with breeders across NSW to determine the best options to provide more incentives for breeders, while also looking at more competitive prizemoney levels for distance racing and more racing programming options.

“Further to prizemoney increases, GRNSW is also looking forward to making announcements about animal welfare initiatives and more commercial ventures in the near future,” he said.

To see the new prizemoney tables, go here.