SA Racing received a huge boost this week as it was announced that prize pools for black type racing would receive a significant boost in 2021 with a funding increase to take place from July.

It’s a great result for South Australian racing who are expected to see the $2.6 million increase in funding introduced at the start of the Adelaide Autumn Racing Carnival.

Although the finer details are yet to be released all black type as well as some key feature races are set to receive a boost and general prize money will see a boost from July 1st 2021. 

“The industry is strong and vibrant at the moment, and this announcement only adds further to that momentum,” Racing SA CEO Nick Redin said.

“We’re backing the industry to get behind us, and the trainers and other industry figures we speak to are certainly doing that.

“These new prize money levels will ensure our SA participants will be in a position to continue to grow their businesses.”

The additional investment follows years of prize money increases across competing states with the likes of New South Wales demonstrating that the trend of big money in the likes of The Golden Eagle, The Hunter and The Gong can grow a bigger and better industry. 

“It’s all aimed at achieving our target of having 300 more horses in work by the start of the 2024/25 racing season,” he said.

“One job is created for every four horses, so the tangible benefits of this increase and the government investment are there for all to see.”

The increase in funding goes into effect immediately with the inaugural Murray Bridge Magic Millions race day being the first to be rewarded with a $202,250 prize pool attached to the Magic Millions 2yo Classic. 

The main changes for 2021 the Autumn Racing Carnival will see the Adelaide Cup up from $252,250 to $302,250 and four Group 1 races (The Furphy Goodwood, TAB Classic (Sangster), Australasian Oaks, TAB SA Derby) increased from $402,250 to $502,250.

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