Gosford Race Club will receive a boost in prize money as a result of the NSW Government’s legislation to match wagering tax rates with Victoria.
Minimum prize money offered per race will increase by $5,000 to $20,000 from July, 2016. Member for Terrigal Mr Adam Crouch said that this will mean more jobs, bigger crowds and help grow our local racing industry.
“Racing is an important part of the Central Coast community,” he said. Deputy Premier and Minister for Racing Mr Troy Grant said that the increased prize money at Gosford is part of a $21 million state-wide package to boost country provincial racing.
“In addition to the increased prize money at regular TAB meetings, approximately 40 Country Showcase meetings will be held at regular intervals across regional NSW offering a minimum $30,000 in prize money,” he said.
Legislation to match NSW wagering tax rates with Victoria passed NSW Parliament in November, delivering $235 million extra to the industry over five years and an extra $90 million for each year after that.
Media release,
24 Nov 2015
Debra Wales, Office of
Adam Crouch