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Thoroughbred Racing South Australia on Friday morning announced that the State Government had withdrawn its $3 million sponsorship from the Adelaide Festival of Racing with the industry body itself forced to cut a further $2.25 million in infrastructure funding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

The funding cut comes after failing to gain government support following negotiations regarding the Point of Consumption Tax imposed on industry operations which nets the State Government $16 million annually.