NSW prizemoney boost

SYDNEY - Racing NSW has announced a $15million prizemoney injection for the NSW racing industry in the wake of the equine flu crisis.
In a massive shot in the arm to the beleaugured NSW industry, prizemoney is set to increase by a total of $15million over the next two years.
The announcement comes after agreement was reached on the most appropriate method to boost the NSW Industry post-EI.
The funding will result in major increases in minimum prizemoney for non-feature races in country and provincial areas.
From March 1 minimum prizemoney for NSW country TAB races will increase by $2000 per race to $9000 per race at a cost of $4.3million annually.
Fom February 1 minimum provincial prizemoney will increase by $1000 per race with a further $1000 from July 1 2008.
Accordingly, midweek provincial minimums will be $15,000 and Saturdays $13,000 per race.
Racing NSW has also addressed the situation where BOBS bonuses were lost by participants during the EI period.
To make up for the loss, winning BOBS bonuses in the second half of this racing season will be increased by 25% over their normal levels.