Wednesday 7th November 2012
Increases at all Prize Money Levels Agreed
Significant prize money rises at all levels of Flat and Jump racing have been agreed with confirmation of the Levy Board’s expenditure allocations for 2013.
The Board’s total allocation to prize money will be £50.2m in 2013, up from £38.9m in 2012.
The largest increase will be in the Board’s Basic Daily Rate (BDR) allocation, the main part of which will increase by £8m to £35m. Every racecourse receives a sum from the BDR pool, the amount distributed to each course a direct reflection of its recent performance in prize money contributions and generation of betting turnover.
The Board’s commitment to racing specifically at higher levels has also been maintained with an increase of £1.6m in its Quality Support Fund to £6.5m, which follows extensive work undertaken by BHA in developing optimal Flat and Jump race programmes for higher-class horses.
The Racing and Betting Special Incentive Fund – which in 2012 paid for the Interactive Race Planning initiative, the trial of Matinee fixtures and the filling of vacant fixture slots – will also continue.