Booming Prizemoney in Victoria

Victoria’s three most famous races – the Lexus Melbourne Cup, Ladbrokes Cox Plate and Stella Artois Caulfield Cup – will carry record prizemoney this Spring Racing Carnival and the state’s 67 Country Cups will each receive a boost as part of widespread prizemoney increases announced today for the 2018-19 racing season.

Racing Victoria (RV) was joined by the Victoria Racing Club (VRC), Melbourne Racing Club (MRC), Moonee Valley Racing Club (MVRC) and Country Racing Victoria (CRV) in announcing a $12.4 million injection into prizemoney across the state from 1 August 2018.

The investment will see a record $228.5 million in prizemoney and bonuses on offer in Victoria next season, representing a 32% increase since 2015 and leading to a nation high average of $52,057 in prizemoney and bonuses on offer per race.

Importantly, all owners, trainers and jockeys will get the chance to share in the increases which are spread from iconic Group 1 races at Flemington, Caulfield and The Valley to an array of once-a-year race meetings from Burrumbeet and Penshurst, to Gunbower and Wycheproof.

The highlights of today’s announcement are:

• Record prizemoney for the jewels of Victoria’s Spring Racing Carnival in a year in which Victoria celebrates 25 years of international competition:
o $7.3 million Lexus Melbourne Cup (3200m, Flemington, 6 November) – up $1 million
o $5 million Stella Artois Caulfield Cup (2400m, Caulfield, 20 October) – up $2 million
o $5 million Ladbrokes Cox Plate (2040m, The Valley, 27 October) – up $2 million;

• Continued investment in three-year-old racing with Australia’s oldest classic, the AAMI Victoria Derby (2500m, Flemington, 3 November), raised by $500,000 to $2 million;

• A prizemoney boost for every Country Cup with an additional $1.2 million to be spread across 67 TAB, non-TAB and picnic cups ensuring they remain a focal point for local communities to celebrate and enjoy;

• The introduction of the $1 million The Showdown for VOBIS Sires-eligible two-year-olds at Caulfield on Victorian Owners and Breeders Raceday – 13 April 2019 - thus increasing the number of $1 million+ races in Victoria from 17 to 18;

• The further consolidation of Victoria’s place as the home of stayers with the Moonee Valley Gold Cup (2500m, The Valley, 27 October) increased by $200,000 to $500,000;

• Greater returns for first-time winners with minimum prizemoney for standard country maidens raised to $23,000, for premium country maidens to $26,000 and for maidens at midweek metropolitan meetings to $30,000;

• Rewarding grass roots participation with minimum prizemoney for non-TAB meetings up 20% to $12,000 per race; up 25% for country SKY2 meetings to $15,000 per race; and up 11% for Benchmark 58s to $20,000 per race; and

• An increase in minimum metropolitan prizemoney to $40,000 for all two-year-old, three-year-old and Benchmark races at midweek and standard Friday night meetings, before rising to a $60,000 minimum per race for premium Friday nights at The Valley.

News Archive

Dominant in Debutant

Champagne Boom gives the stable its third straight win in the Debutant Stakes 

Shadwell's Two State Double

Stable double with Shadwell colours in two States 

Boom Zoom by Ellicazoom

Gr 3 Zoom by Ellicazoom  

Super Spring Start

Winning weekend - super Spring start headlined by Tony Nicconi and Long Leaf in a Gr 3 quinella  

Vega Magic on Everest Quest

Vega Magic confirmed in James Harron slot for The Everest 

News - Archive