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.
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“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.