Queensland Premier Annastacia Palaszczuk
Queensland Minister for Racing Stirling Hinchliffe
$8 Million Prizemoney Boost In Time For Queensland Winter Racing Carnival
Victor P Taffa
Queensland Winter Racing Carnival has received a major boost with the news that thoroughbred TAB race meetings will receive an extra $8 Million a year in prizemoney.
Premier Annastacia Palaszczuk said the $8 Million increase was in addition to $18 Million in thoroughbred prizemoney which started flowing in October 2018.
“Thousands of Queenslanders go racing each year and thousands more rely on the industry for income.” Premier Palaszczuk said.
“With this extra $26 Million in annual prizemoney, racing participants have renewed cause for optimism.”
“Prizemoney is the lifeblood of racing and this latest boost is great news for the owners, trainers, breeders and workers who rely on the industry to earn a living.”
“It builds on my government’s strong support for racing, including our 4-year $70.4 Million Country Racing Support Program and extra harness and greyhound prizemoney.” Premier Palaszczuk said.
“I’m pleased that racing participants have recognised the need for reform and the government will continue to work with industry to achieve even greater sustainability.”
Minister for Racing Stirling Hinchliffe said racing participants had agreed to the $26 Million annual prizemoney boost in exchange for a commitment to broader industry reform.
“Reforms include developing a more commercially focused race schedule and promoting multi-use facilities at race clubs to increase their viability.” Minister Hinchliffe said.
“Industry has also acknowledged the need to convert more non-TAB meetings to TAB racing where viable and to make improvements in the delivery of infrastructure.”
“I’m working closely with participants to put racing in Queensland on a path to greater prosperity and self-sufficiency.” Minister Hinchliffe said.
TAB Totalisator Agency Board