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17/18 Distribution

West Australian Racing
Not sure when the 2 equine codes will be announced but Greyhounds has been released.

DISTRIBUTION 2017/18

Racing and Wagering Western Australia (RWWA) will provide
distribution and subsidies to industry of $152.2 million in 2017/18, to
support delivery of the strategic plans for all 3 codes.

This represents an increase of 4.1% on the prior year, including the
timing variance of a 53rd week in the RWWA 2017/18 fiscal year.

The greyhound code will see a significant $250,000 boost to the
WESTCHA$E budget. This brings the total budget to $1,000,000 which
reflects what was paid out in the record breaking 2016/17 year.

As part of the commercial strategy for the greyhound code $115,000
has been allocated to increase the total stakes of 15 City Feature Race
finals to $30,000.

As part of the continued support to welfare, $405,000 has been
allocated to extending the $30 trainer’s subsidy to all runners
(currently only paid to 5th-8th). This payment is designed to help
trainers with the costs associated with the period at the end of a
greyhounds racing career and their transition into retirement. Note this
payment will start on 1 September 2017.

A further $300,000 has been allocated to WAGRA for their day to day running of the greyhound code.

+1 -1

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Comments

  • FastmoneyFastmoney    4,912 posts

    Racing and Wagering Western Australia (RWWA) will provide
    distribution and club subsidies to industry of $152.2M in 2017/18, to
    support delivery of the strategic plans for thoroughbred, harness and
    greyhound racing.

    This represents an increase of 4.1% on the prior year, including the
    timing variance of a 53rd week in the RWWA 2017/18 fiscal year.

    In addition, all Race Clubs will benefit from a further $4M in grant
    funding to be made available from October to undertake essential
    infrastructure projects during the year.

    $2.5M of this grant funding will be allocated to Clubs based on
    wagering performance in the previous year with minimum funding available
    to each Club of $10,000.

    “Distribution to the racing industry is sourced from profits made by
    the Western Australian TAB together with income via the racing bets levy
    paid by national wagering operators,” said RWWA CEO Richard Burt.

    “In addition to the $6.1M increase in distribution and club
    subsidies, various other strategic objectives identified within the
    strategic plans are also being funded and pursued operationally by RWWA
    in consultation with the codes and will be implemented throughout the
    course of the year to continue to provide a positive and sustainable
    future for the Western Australian racing industry.”

    Prizemoney will increase from 1 February 2018 across all metropolitan
    and provincial thoroughbred race meetings, headlined by a $10,000 boost
    to Saturday metropolitan races. Moreover, a revised prizemoney
    distribution formula will also be implemented from this date providing
    stakes to be paid back to tenth placing and a $100 subsidy to all
    non-stakes earning runners. Thoroughbred Owners and Breeders will also
    benefit from an increase in the Westspeed Platinum bonus of a further
    $5,000 for 2yo’s commencing their racing career in 2017/18, taking the
    total bonus available for a prime metropolitan win to $42,500. Race
    Clubs recognised as major industry training centres will also receive an
    increase in this funding stream.

    Harness racing in Western Australia is in a period of transition to a
    new business model with the objective of improving sustainability of
    the industry into the future. During this transition there will be a
    redistribution of race dates and a reduction in volume of twelve race
    meetings in 2017/18. The tiering of stake levels under the new business
    model will see an overall increase in total stakes paid at each meeting,
    including an in increase in the base stake level at country and
    community level. Additionally, the implementation of a new stakes
    distribution formula will see prizemoney paid to all harness starters
    from 1 September.

    Greyhound racing participants are to benefit from the introduction of
    a welfare payment of $30 per starter from 1 September 2017. This
    payment will assist Trainers in maintaining retired greyhounds in their
    kennel immediately post their racing career before entering the
    Greyhounds as Pets assessment program. In addition, to infrastructure
    grant funding, the Western Australian Greyhound Racing Authority will
    also receive an increase in operational club funding of $300,000.

    RIO likes this post.

  • paraleticparaletic    3,750 posts
    got small shares in 3 X 2yo's this year. All bred by local stallions. Good money up for grabs with the Westspeed Platinum. Hoping to get my share so i can reload into some more babies in the years to come. 

    Chelsea, Gilgamesh likes this post.

  • TiversTivers    7,720 posts
    Tell me again how this place is stuffed ?
  • FastmoneyFastmoney    4,912 posts
    Metropolitan Prime:  
    Race TypeCurrent StakesStakes from 1 Feb 2018
    Open$60,000$70,000
    Rating +$60,000$70,000
    Graduation$40,000$50,000
    Maiden$30,000$30,000
       
    Metropolitan Midweek:  
    Race TypeCurrent StakesStakes from 1 Feb 2018
    2yo NMW $22,500$24,500
    3yo NMW$22,500$24,500
    3up Class 5$22,500$24,500
    3up NMWLY$22,500$24,500
    3up Class 3$17,500$19,000
    3up Class 1$17,500$19,000
    3up Maiden$15,000$16,500
       
    Provincial A:  
    Race TypeCurrent StakesStakes from 1 Feb 2018
    Handicap$17,500$19,000
    Maiden$15,000$16,500
       
    Provincial B* & C:  
    Race TypeCurrent StakesStakes from 1 Feb 2018
    Handicap$14,000$15,500
    Maiden$12,500$14,000
    • WestSpeed
      Platinum bonus for 2YOs entering the system for the 2017/18 season,
      increases to $15,000. So a WestSpeed Platinum horse who wins a prime
      metropolitan race (Saturday) will return $72,605 back to the owner(s). 
  • TheDivaTheDiva    13,246 posts
    lets make sure this is not all "spin" 
    how many races have been programmed in the next year? 
    ie are they reducing the number of races on offer in order to increase the stakes? 

    RIO likes this post.

  • FastmoneyFastmoney    4,912 posts
    edited August 2017
    Don`t think so.

    RWWA stated a Harness reduction in meetings so can`t see why they would distort Thoroughbreds.

    $3m increase is $3m.

    Positive result.
  • RIORIO    14,882 posts
    TheDiva said:

    lets make sure this is not all "spin" 

    how many races have been programmed in the next year? 
    ie are they reducing the number of races on offer in order to increase the stakes? 
    i've not read the documents, so have no real comment except.....Oh you've already said it Diva
  • licklick    305 posts
    I consider this budget very positive to the racing industry in WA - it augurs well for a tremendous 2017/18 opportunity for owners - and hopefully many new syndicates will be formed to have fun in the sport!

    RIO likes this post.

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