Racing and Wagering Western Australia (RWWA) today announced details for racing industry funding for the 2012/13 racing season.
The overall $6M Distribution increase across the three racing codes was subject to industry consultation and Outreach sessions throughout the months of May and June. Feedback has been received from owners, trainers, jockeys, drivers, breeders, Clubs and other participants on the proposed increase for 2012/13.
RWWA Chief Executive Officer Richard Burt said, “RWWA has provided a solid Distribution increase and applied the increase based on its own strategies and feedback from industry. The Outreach sessions conducted throughout the last few months provided an opportunity to balance industry feedback with our own recommendations leading to today’s announcement on the final changes for 2012/13”.
The following enhancements will apply in the new season.
- Two season reduction of stakes threshold to $1,001 in 2012/13, down to $501 in 2013/14, meaning trainers and jockeys will be subject to a percentage allocation in stakes payable above $1,001, where stakemoney is paid for races where horses are placed 4th to 10th
- Increased stakes: Prime Metropolitan $525k, Provincials $950k and Country Racing Association Clubs $200k, bringing Provincial A stakes to 95% of Metropolitan midweeks and Provincial B stakes to 70% of Metropolitan midweeks
- Increased training funding of $115k
- Ride Fee increase from $155 to $160
- Westspeed enhancements of $640k (includes additional 3YO out-of-age race bonus and payments of RWWA-funded portion of Scheme to trainers and jockeys)
- Distribution of WA Bookmakers’ Product Fees to Clubs $580k
- Perth Racing Carnival promotion $55k
- Two extra meetings and Sky coverage for all 10 meetings at Albany and stakes per race increased to $5,500
- 1 extra race on Albany, Bunbury, Golden Mile, Harvey, Narrogin, Northam, Pinjarra and York Country Cup days at full stakes
- Breeders to receive 12.5% of all Westbred bonus payments
- Increase in stakes per race – Prime Metro $500 (average of $16,100 per race); Provincial A $500 (average of $6,200 per race); Provincial B $250 (average of $5,800 per race) and Provincial C $250 (average of $5,500 per race); Country increase $300 (average of $4,000 per race)
- 13 additional country class meetings at Mandurah/Northam
- Increase in 4th place stakes: City Class from $125 to $175, Provincial from $55 to $80 and Country from $30 to $40
- Provincial Class stakes increases: Grade 5 from $1,174 to $1,500 and FFA from $1,475 to $1,900 to the winner
- Country Class stakes increases: Grade 5 from $590 to $750 and FFA from $740 to $950 to the winner
- Introduction of new stakes tiering of $100 to the winner between each Grade (Provincial) and $50 (Country)
- Introduction of new stakes tier for Juvenile races of $2,200 to the winner (City), $1,400 (Provincial) and $700 (Country)
- WESTCHA$E increase of $97k