Clarken Racing | Clarken Racing News 55807 Racing Rewards Sa Scheme Increased

Racing SA has announced an increase in the Racing Rewards SA scheme for the 2023-24 season.

The Racing Rewards cap will be lifted from the $2.3m set in 2022 to $2.8m for the current season.

In FY23 the Racing Rewards cap was $2.3m but due to the scheme’s success the Racing Rewards cap was removed and $2.5m has been distributed.

"The Racing Rewards bonuses on offer in South Australia are a factor in ensuring SA is an attractive place to own and train horses thus helping us maintain and grow our field sizes." Racing SA Chairman Rob Rorrison said.

"This is another positive announcement for racing in our state, coming off the back of strong financial performances over the last few years and the increased return from the point of consumption tax that the government recently announced.”

“The cap increase will give local trainers and owner’s confidence to continue to invest in the local industry that supports some 2000 employees." he said.

Racing Rewards SA provides financial rewards to breeders, nominators, owners, trainers and jockeys over and above a race’s prizemoney. There is no cost to enter a horse into the scheme if the stallion and mare are SA based which provides a clear incentive to the SA breeding industry.

"Racing Rewards has been significant in the ability to attract and maintain owners wanting to race horses here in South Australia,'' Murray Bridge trainer, Michael Hickmott said,

"Knowing that Racing Rewards is increasing again is great news, especially for a stable like mine. I have more than 20 horses paid up who will be Racing Rewards eligible next season."

Every season Racing Rewards SA races are programmed throughout the state for 2 and 3 year old horses and for 4 year old maidens and bonuses paid to Racing Rewards SA qualified horses.

Qualified horses earn bonuses for finishing first, second or third in a Racing Rewards SA race. For more information or to register your thoroughbred visit racingrewardssa.com.au.