Fixture Funding

Funding of the annual fixture list through Prize Money, supporting the maintenance of the integrity of racing and providing Fixture Incentive payments to a racecourse at certain times of year are the three major areas of expenditure under this heading. A variety of other schemes designed to assist racing's successful strategic development and operation are also supported.

In calendar year 2018, HBLB has budgeted to allocate £57.6m to Prize Money, £16.4m to Raceday Services and £2.5m to Fixture Incentives.


The breakdown of the 2018 (and 2017) Prize Money Scheme is detailed below.

In the absence of available betting data for 2016, the overall split as between Flat and Jump racing adopted in 2017 has been used again for 2018, which reflected the off-course betting turnover of each code in 2015. 

An abandonment allowance of 1.6% has been made for Jumping (unchanged from 2017) which means that the total Flat/Jump split for 2018 is 58.4/41.6.

HBLB Prize Money Contributions for 2017 (Actual) and 2018 (Budget)
  2018 FLAT 2018 JUMP 2018 TOTAL 2017 FLAT 2017 JUMP 2017 TOTAL
        £ £ £
General Prize Fund - Racecourse Fixtures 18,887,523 17,950,694 34,307,310 17,390,494 16,024,866 33,415,360
Lead Fixture Fund     265,000 310,500 391,200 701,700
Additional Friday Evenings       30,000 - 30,000
Winter Jump         540,200 540,200
All Weather Track Blanket period Fixtures       1,586,000   1,586,000
BHA Twilight Fixtures 1,512,800   1,512,800 1,403,000 12,200 1,414,000
Appearance Money Scheme     6,503,100 - - -
British Champions Day 342,400   342,400 382,000   382,000
Future Champions Day       215,000   215,000
Good Friday Lingfield       120,000   120,000
Race Incentive Fund     9,497,000 4,079,800 1,938,600 6,018,000
Transitional Fund     500,000      
Divided Race Fund     100,000 1,409,050 241,800 1,650,850
Breeders Prizes   480,000 480,000   388,178 388,178
British Owners and Breeders Incentive Scheme and Plus 10 1,550,000   1,550,000 1,250,000   1,250,000
             
SUB-TOTAL PRIZE MONEY 20,742,723 17,950,694 57,588,517 28,378,544 19,895,2440 48,273,788
Flat/Jump split 58.4% 41.6%   58.7% 41.3%  
             

 

Last Updated: 02 July 2018