Prizemoney & infRastructure continue to grow
Last week Racing Queensland announced $15.5m in additional funding for the Queensland Racing Industry.
The Plan, which will benefit almost 40,000 Queensland participants, will be delivered through increased prize money and payments to jockeys and drivers, along with infrastructure grants and higher club payments.
This is in addition to $4.1 million of prize money increases delivered in August.
The Plan includes $5.25 million in grant funding to support the infrastructure requirements of the industry, with funding prioritised towards projects that have been identified as critical for club sustainability.
Participants will also be major beneficiaries, with increased prize money for greyhound, harness and thoroughbred racing, as well as an increase in breeding bonuses for thoroughbred and standardbreds.
For the Queensland Thoroughbred industry, the key points of the new funding include: