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17/18 Distribution
West Australian RacingDISTRIBUTION 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.
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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.
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https://soundcloud.com/tabradio/august-3-tim-beaver.
Harness
https://soundcloud.com/tabradio/august-3-barry-hamilton.
Greyhounds
https://soundcloud.com/tabradio/august-3-peter-howell.
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Chelsea, Gilgamesh likes this post.
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).
RIO likes this post.
RWWA stated a Harness reduction in meetings so can`t see why they would distort Thoroughbreds.
$3m increase is $3m.
Positive result.
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