Opulence2020-21 Broodmare of the YearNew Zealand Small Breeder of the YearReliable TeamSalesMondoraniGeorge ChittickBerkley StudRacingJonny OrrHallmark StudThere You GoVicki PascoeHouse of CartierBill GleesonBreedingTicklishElephantAndrew FowlerBen KwokDavid PaykelDunstan Breeder of the MonthOlly TuthillAnnabel WigleyBeaufort DownsMary Lynne Ryan Young Achiever AwardArdsley StudNZEHAMicheal StedmanTaxIRDKing of ComedyCircus Maximus2021 New Season Sire PreviewStallion Coverings 2020Mustang ValleyAncient SpiritHe Waka Eke NoaClimate changeSky DarciPiroplasmosisUberlebenTommy Heptinstall2021 NZB Weanling SaleNigel AuretAuret FamilyLetham StudBig MikeExplosive JackBright AbyssAmazing StarGraham BaxBlandford LodgeHamdan Al MaktoumSir James FletcherOcean BillyBonny LassSandy MoorePins 'N' NeedlesAvantageMadame De SoirOff The Track ThoroughbredsBattle of the BreedsMonovale FarmRose of TraleeImperatrizSavy yong blonkShoworosesNeedle and ThreadCoventinaWayne DarlingPeter SmithCount ZeroMegan LieftingJust Got HomeWally O'HearnAvonalloAegonNathan TrumperArrivederciCrosshavenDaniel NakhleJohnny Get AngryTelperionWeigh InBred To WinJulian CorbanRick WilliamsKevin GrayNZ Racing AwardsMongolian khanSupreme HeightsSue and Peter WestendTravimyfriendMeleka BelleBroodmare of the year 2020Only WordsKylie FawcettTurrettVamos BebeBreeder of The Year30 Day Foal NotificationNZ HOTYMajor TomKevin PrattWellington BranchRoad ShowsRon LaddEmma EvansKaraka 2021ComplacentRaceFormNational Breeding AwardsFerrando2020 New SiresDean McKenzieStakesStallion paradeBreeding AwardsVisasImmigrationDylan JohnsonPaul MoroneyNZ Breeder of the YearWeanling educationFoal NZJen CampinWyndspelleDerrynRacing Industry BillHello YoumzainQuiz NightTen SovereignsHorse ambulanceTheileria equiExportsMPIPaul Yesberg2020 Service feesKaye SandersMansfield FarmSouth Island SaleSusan WalkerPark Hill StablesOceanexTony RiderSneaking To WinCatWalkGavelhouse PlusLiz AllenRed GiantSupergiantSavile RowRip Van WinkleAlmanzorReady To Run SaleAnother DollarPure ChampionFirst Crop Sire FocusWhat's The StoryHe's RemarkableHighview StudWeanling SaleCharles RobertsNZ Racing Hall of FameBessLion's RoarContributerNZB AirfreightRibchesterKinaneBaggy GreenTofaneCurraghmoreBagalolliesToffee TongueCovShout the BarFoxbridgeZebrowskiDunstan FeedsFarriersFiona BassettNZTRMark CorcoranZedVerry ElleegantDon GoodwinMay SaleCoronavirusCovid-19Perfectly ReadyPeter and Sue WestendJennifer EcclesKyla Robb BlogKyla RobbDavid MorrisBreeders' StakesEnvironmentNitrogenDanny RolstonKhalesTom LanePaisley ParkMaster PaintonDunstan Horse FeedsLaura McNabHannah AireyRacing hall of famePencarrowNZB Yearling SalesDivine ProphetGermanicusWroteHighviewTravelling LightPlatinum InvadorValachi DownsNot An OptionYearling SalesDavid GreeneJustamaizCharm SpiritRock 'n' PopBurgundyScorpzAblazeJericho CupClyde BuckinghamLa RomaneeMiami boundSteel StilettosTomsSuper SethWelfareThe Chosen OneDunstan Feeds Stayers ChampionshipTutta La ClasseDawn PatrolSweet TreatMonovalePiaggioTrue EnoughMick PrestonCatalystSurprise BabyWarren PeggFull of BeautyAndrew StewartTime TestKevin HickmanVern TrilloBohemian BluesVernanmeEmbellishBruce PerryLib PetagnaRiva CapriEvent StarsGina ShickDarci BrahmaCountofmontecristoPeter and Heather CrofskeyRITABreeder ProfilePhilip SmythDunstan Feeds Under The RadarFirst Season Sire ReviewStranglesDezWaikato BranchG1 DinnerSeawayTrevor LukeTaranaki Breeders' StakesStallion parade 2019Callsign MavAtlanteStaphanosAzamourSacred DayBarbara PerryPearl SeriesPolly GreyPencarrow StudSleeping BeautyCherry TaylorChris LuoniNew zealand racing hall of fameRacing Reform BillAce HighFlyingflynnHappy StarFabulousOcean ParkUS Navy FlagSam BergersonShoshoneSacred FallsOcean EmperorLifesaverKoldingSavigneRoaring LionClearview ParkPear Tree FarmRyan StaceySummer PassageSatono AladdinVadamosIgrainePurple SectorThe BostonianBrent and Cherry TaylorWar DecreeHoward Be Thy NameHigh ChaparralThe Sunlight TrustPrincess JenniReliable ManWeanling WalkFoalsEquibreed Seminar 28th AugustCareers DayEducationRacing MinisterJohn Messara Report Release Date 30 August 2018Spyglass Hill SyndicateLincoln FarmsWestbury StudCancer SocietyAternatinKoru ThoroughbredsKeith and Faith Taylor Equine ScholarshipRoad to RockGreg TomlinsonBeauty GenerationNearco StudLuigi MuolloExplosive BreedingJakkalberryNovara ParkJimmy ChouxBostonianFasttrackDavid ArcherNZTBA OfficePlusvitalEquifibreFasttrack Breeders ProfileNZ First season sires 2018Stallion Register 2018Equine Property OwnersHealthy RiversWaikato Regional Council ReportRodmor Trust Lecture SeriesDr Frances PeatCathay PacificNZTBA Waikato BranchLondon ExpressMilan ParkWinston PetersJohn FokerdGoffsSean HawkinsOur AbbadeanWentwood GrangeWaikato StudWarwick JeffriesBradbury ParkSeabrookRavelston StudOne One TwoLloyd MonehanTavistockSpecial MemoriesCarol MarshallSweynesseNZTBA Te Aroha Breeders DayMiss WilsonWho Shot ThebarmanTe Aroha Breeders DayNZ Bred G1 WinnersNZ Racing StructureNZRBFoster FoalChristopher GraceFastrack Breeder ProfileNZTBA Breeders Bulletin Autumn 2018Cambridge StudBansha House StablesRodger VarianMichael MoranHiyaamGavelhouseSunlinePhilamorSusan ArcherRobin ArcherWTBAJoan EganSeagramJezabeelLloch-Haven ThoroughbredsJeanette BroomeFlemmington FarmYearnEtah JamesMark LuptonDeloitte ReportThe InformantBryerley ParkSpanish WhisperNahkleOn The RocksAlamosaMare ReturnsXpressmymindShane KennedyRichard CollettRobt DaweArthur AvisWillie and Karen CalderBoticaScott BaseTony PikeLittle Avondale StudDavid EllisAdvantageNZB InsuranceBelle familyMarie LeicesterRaven DarkholmeGus WigleyNZB Pearl SeriesFormidableJohn ThompsonShockingAlan WindleGuy LowryIain RentonXpressionHighden ParkLibby BleakleyDavid Morris BlogDanielle Southey BlogHeniPaul GollanAlphastarThe KingWait A SecSuper EasyInfantryDolcettoDijon BleuUnusual SuspectNZTBA RestructureFree Handicaps 2016-17Sophie's ChoiceTivaci Shuttle2017 Waikato Stallion ParadeSouth Island Foster FoalRide To TimeEminentAuckland Stallion Parade 2017YogiAl Basti EquiworldKaraka MillionPrefermentPrince Of BrooklynChris GraceHard MerchandizeTattyboglerLet Her RipFanaticDavid WalshMapperley StudPucciniWinxVolatile MixBernard SaundryAllureZacintoInglewood StudShamexpressProm QueenVanbrughRageeseSweet LeaderRaise The FlagWhite Robe LodgeWindsor Park StudTurn Me LooseLong Acres StudVerdiNZB South Island SaleFive to MidnightBonniegirlMiss VistaThe Oaks StudJohn WoodMangaroa Flo JoLance Forbes BlogCharmontBelardoJon SnowIffraajTe ArohaMontoyas SecretJanine DunlopRock OnZabeelCameron Ring BlogJomara BloodstockHumidorTivaciNZTROF March 2017WertherWilliam FellGingernutsBonnevalStart WonderingAllan SharrockWhite Robe Lodge HandicapCouleeMelody BelleXtravagantGore GuineasFrank ConwayRaise You TenFerlaxMichael O'KeefeHall of FameGalloping GerteCelia CrawshawLincoln BlueLorna MooreAerovelocityAlan GrovesRemindRomancerNight's WatchRedwoodCylinder BeachGary WallaceColdplayChocanteBuckinghamEmblemLasarlaCameron RingLance ForbesBreeders' Bulletin Summer 2016/17La DiosaZigwigI Am A StarGift Of PowerTarzinoNurse KitchenFlying MontyTrelawney StudLightning StakesSpiethBeyond the BarriersSunset PassMcQuadeUnderthemoonlightMichelle SabaHe's Our RokkiiPeter WalkerOctapussyInside AgentPinsLegless VeuveNZERFPour MoiGraham de GruchyVicki PikeWayne PikeEpisode OneSeason 5Kiwi BredTrain The Trainer WorkshipKylin 500 ClubHoney RiderAuckland Breeder AwardsBrian CollinsGypsy FairRichard WrightACC ForumDavid MillerPer IncantoSaracinoIts Time For MagicAuckland Stallion ParadeMeeska MooskaKawiMakfi StakesDormello StudWaikato Stallion WeekendKick BackMichael SheridanMiss Three StarsChiantiOctasongUpper CutProisir FoalsProisirBreeders Bulletin Winter 2016Stallion Parades 20162015/16 HandicapsKeanoSavabeelBroodmare Of The Year 2016Breeder Of The Year 2016Elusive BoxersWell DoneFalkirkGrangewilliam StudThe Bold OneShowcasingDe GruchySacred ElixirSir Patrick HoganRich HillPentireTattersallsSaratogaCheveley ParkJamie's BlogTe AkauStephen AutridgeJamie RichardsHolly RossHolly's BlogBreeders BulletinBreeders' BulletinBulletinCoolmore IrelandMatt ScownMatthew ScownMatt's BlogWellfield LodgeVespaGilltown StudShadwellBruce's BlogBruce SladeMonty RobertsFasig-TiptonKeenelandDennis BrothersRobert's BlogRobert DennisDylan's BlogDylan TreweekGerry HarveyWinstarTaylor MadeCoolmore AmericaCoolmoreBenji KingBenji's BlogMembershipMembersBRANCH CAPITATIONACC LEVIESOWNERS FEDERATIONPRIMARY ITOHEALTH & SAFETY ACTRace Fields LegislationPattern CommitteeBLOODSTOCK TAXATIONMarch 2016CEO BlogChief Executive's BlogNewmarketHannah's BlogIrish National StudIrelandScholarshipHannah MeeFrankelCheveley Park StudBevan SmithSunline ScholarshipEnglandBevan's BlogShannon TaylorGordon CunninghamDan MyersPhill CataldoBruce HarveyMark TreweekAndrew SeabrookNew Zealand BloodstockImposinglyMakfiImposing LassPeter NewsomJohn BergerLisa LattaRangitikei Gold CupZennistaKay HoodAide MemoireMark ChittyHaunui FarmPerfect FitDalgharAnne-Marie KingBrighthill FarmNick King
TAGS

Racing stakes set for big financial boost

Racing stakes are set for a $12million annual boost with the promise of much more to come.

The New Zealand Racing Board shocked the chiefs of all three racing codes tonight by informing them $24million more dollars will be returned to the industry over the next two years to be used exclusively for stakes.

Starting August 1, thoroughbred racing will receive at extra $6.5million annually than it did for this season, harness racing $3.55million and the greyhound industry will have an extra $1.95million to pay out.

NZRB chief executive John Allen is confident the much-needed boost is only the start.

"Our return to the codes will go from $136.2million last year to $148.2million this year," Allen told the Herald.

"But I would like to think in the next three to five years that figure could go as high as $200million.

"The next two years are guaranteed at $12million extra per year though and not only is that number sustainable, it is a just a starting point."

Some of the extra money will come from the expected passing of race fields legislation, which will see corporate bookmakers overseas pay a percentage for betting on New Zealand racing product. That legislation is expected to become law before the general election.

Mr Allen says other key strategies being implemented by the NZRB will also have a huge role in increasing their bottom line and therefore their return to the industry.

He signals a new fixed odds betting platform, improved performance of the channels through which people can bet - particularly the internet - and an optimized racing calendar as ways New Zealand racing will profit.

"With the fixed odds platform improvements we have seen overseas agencies increase their turnovers through them and they will also give us the chance to win back large New Zealand-based customers we may have lost.

"And the optimization of the racing calendar, putting meetings and even specific races where they will best drive turnover is also crucial.

"We have done a lot of work and still have a lot more to do but I think a figure somewhere around $200million being returned to the industry in five years is a realistic goal."

Mr Allen says the first $24million is being targeted at stakes exclusively to raise confidence industry wide that racing is sustainable.

"This reflects recent steps taken by all three codes to lift stakes - there is clear alignment across the industry on where we need to be focused," says Mr Allen.

"This additional funding will enable all industry participants to have greater confidence in the future of the industry.

Tonight's dramatic boost comes on top of the $4.77million announced in January to support stakes, infrastructure and youth development.

Exactly how the three racing codes will choose to allocate their extra earnings to stakes will be a major talking point.

All three have already moved maiden stakes in anticipation of extra funds, with the thoroughbred industry now having a $10,000 minimum maiden stake.

That increase and the loss of a huge number of meetings this season due to weather and track problems is believed to have cost NZTR an extra $3.2million, but that can now absorb that and still have an extra $3.3million more to put exclusively into stakes from next season.

Harness Racing New Zealand has introduced a $1500 maiden bonus until the end of the season and they could now be setting their sights on $10,000 minimum races in a few years to keep them in line with the thoroughbred industry.

Some industry participants will want the biggest races left as they are and almost all the money poured into further increasing minimums, but a 2014-15 NZTR report on what it would theoretically do should it have an extra $9million for stakes suggested improving stakes over all class of meetings, from iconic down to the simplest industry days.

That was part of a five-year plan aimed at increasing stakes by $9million by 2020. They are now over two thirds of the way there by the start of next season.

With the code bosses not finding out their good news until tonight, the debates on how the money should be spent is only just beginning.

A LOT AT STAKE
-NZRB's annual return to the racing industry will increase from $136.2million to $148.2million for the next two seasons.
-The extra $12million must be allocated to stakes
-Thoroughbred racing will get an extra $6.5million
-Harness racing receives $3.55million
-Greyhound racing will boost stakes by $1.95million


- NZ Herald


 

This product has been added to your cart

CHECKOUT