WA - Stakes and Bonuses Set to Return to 100%

23 June 2020

Racing and Wagering Western Australia (RWWA) is pleased to advise that prizemoney and bonuses across all three codes of racing will be returned to 100% effective from 1 August 2020.

Since Monday 6 April, in addition to reductions in its own cost base, RWWA made the decision to reduce prizemoney and associated breeding bonuses by 20% to assist in mitigating the impact of declining income as a result of COVID-19.

RWWA Chairman Jeff Ovens said that the decision was a difficult, yet necessary one, to ensure the industry’s future sustainability.

“Racing has been fortunate to continue operating throughout the COVID-19 period, allowing RWWA to actively support the continuation of racing at 80% of stakes levels at a time where our income was impacted by at least 50%,” Mr Ovens said.

“We recognise how difficult the situation has been for our racing participants. However, this decision was made to mitigate some of the impacts from COVID-19, to ensure the long-term survival of the WA racing industry.”

“RWWA’s cost mitigating measures, along with the robust recovery of the WA TAB business with the re-opening of the retail network, and strong receipts from the Racing Bets Levy has enabled RWWA to return stakes and bonuses to their full pre-COVID-19 levels within just four months.”

“With the upcoming breeding season in the equine codes it’s important that we give the WA racing industry certainty and confidence as we move into the 2020/21 season.”

The reinstatement of prizemoney and bonuses to 100% will return the equivalent of over $20 million annually to the WA racing industry.

Since 16 March 2020, RWWA has implemented a number of strict bio-security measures to ensure the continuation of racing in the State, protecting the 24,000 people who are employed or participate in the industry.


Media Contact:
Lauren Prater
RWWA, Public Relations Manager
P: 08 9445 5168 / M: 0488 904 723
E: lauren.prater@rwwa.com.au


Related News

24 January 2022
Gloucester Park Review Friday 21st January 2022
Minstrel triumphs in thrilling Cup Outstanding five-year-old Minstrel survived a spirited interrogation from star pacers Magnificent Storm and Chicago Bull to score a superb victory in the $300,000 Retravision Fremantle Cup at Gloucester Park on Friday night. Starting favourite at $2.50 from barrier...
24 January 2022
Elder lands weekend Tassie double
New South Wales driver Brad Elder made the most of a weekend getaway to Tasmania, driving a winner at the Launceston meeting on Friday night and then again in Devonport on Sunday afternoon. His Launceston winner came in the way of Ultimate Me for trainer Ben Yole, with the pacer leading all the way to...
24 January 2022
New location leads to record sales for Australian Pacing Gold
The Australian Pacing Gold sales and the Magic Millions complex on the Gold Coast have become a match made in heaven. The annual standardbred yearling sale shifted from Albion Park to the Glitter Strip for the 2022 edition of the sales on Sunday afternoon and all involved have been blown away by the...
24 January 2022
Sydney driver claims another top honour
One of Sydney’s leading reinsmen Jack Trainor added another feature race to his resume at Menangle last Saturday night. The 27-year-old New Zealand native won the Group 2 J.L. Raith Memorial with the Cran Dalgety-trained Just Remember Me. It was the three-year-old filly’s first start in Australia...
24 January 2022
Hamilton: An amazing Cups weekend - let's do it all again!
LET’S have the same again, please. That was one heck of a weekend of feature race, starting with yet another stirring WA feature and rolling into a PETstock Ballarat Pacing Cup for the ages. But what makes it even more exciting is the racing calendar paves the way for a repeat in just under two...
Click for more