Racing NSW returns $420m in prizemoney to owners and participants

Racing NSW chair Dr Saranne Cooke has blasted the divisive actions of “a small minority of agitators” when highlighting the return of $420.2 million in prizemoney – $110 million more than any other state – to participants in the 2024-25 season.

The update released on Wednesday highlights Racing Australia figures for total returns to owners and participants.

“Just 10 years ago, Victoria’s total returns exceeded NSW by $7.3 million,” a Racing NSW statement read. “In the decade since, NSW has not only reversed that position, but increased annual total returns by $117 million more than Victoria.

“On a cumulative basis since 2016, NSW has delivered $421 million more in returns than any other state – with NSW distributing $3.02 billion.”

The release also said NSW remains the only state that allocates 2 per cent of all prizemoney directly to stablehands, the industry’s lowest paid workers.

“It is therefore disappointing that a small minority of agitators have chosen to engage in divisive and personality driven politics at a time when industry unity and stability are critical,” Cooke said.

“Actions that undermine confidence in the industry risk harming revenue growth and, ultimately, participant returns.”