Racing Queensland announce Gold Coast funding increase

Trainers, racers and jockeys are set to earn almost $7 million dollars more in Gold Coast races after industrial action from Racing Queensland.

The State Government announced a $26 million increase for thoroughbred racing after events were cancelled on Cox Plate Day.

Racing Queensland Chairman Steve Wilson said the increase in funds will help races in regional areas.


“This prize money boost will address one of the biggest challenges facing racing in Queensland; its ongoing viability, long-term sustainability and competitiveness with other racing jurisdictions across Australia,” he said.

Meetings on the Gold Coast, Sunshine Coast and Ipswich will benefit from a $6.9 million increase.

The increase means there’ll be prize money for fifth-placed runners and those who finish from sixth to tenth will receive a $400 payment.