$5.25m double hit for South Australian racing in 2019

$5.25m double hit for South Australian racing in 2019

South Australian racing has been dealt a $5.25 million double blow for 2019, affecting racing clubs across SA and potentially forcing more top trainers to abandon the state.

Thoroughbred Racing South Australia on Friday morning announced that the State Government had withdrawn its $3 million sponsorship from the Adelaide Festival of Racing with the industry body itself forced to cut a further $2.25 million in infrastructure funding for its 25 clubs.

MEDIA RELEASE: SA racing hit by double-whammy funding cut

Thoroughbred Racing SA has announced a $2.25 million cut in infrastructure funding for its 25 clubs due to the impact of a consumption tax imposed on the Industry's operations, which nets the State Government around $16 million per annum.

In addition, the removal of $3 million in annual funding for the Adelaide Carnival has forced Thoroughbred Racing SA to cut prizemoney across the three-week event, including losing the $1m prizemoney offered for both the Darley Goodwood and Robert Sangster Stakes.