Victoria’s Spring Racing Carnival will this year offer more than $100 million in prizemoney and bonuses for the first time in its decorated history.
The announcement comes with today’s annual release of the feature race programme for the international racing showpiece which will see a record 16 races offering prizemoney of $1 million or more with 21 coveted Group 1 races to headline.
Racing Victoria (RV), the Victoria Racing Club (VRC) and the Victorian Government have today combined to deliver over $13 million in significant increases for the 2019 Spring Racing Carnival which further cement Victoria’s position on the global racing stage.
This brings the total uplift of prizemoney and bonuses offered across metropolitan Melbourne and country Victorian tracks this spring to more than $18 million, following the previously announced increases which took effect from 1 January 2019.
The jewel in the crown of Australian racing, the Lexus Melbourne Cup was also recently increased in prizemoney to a total of $8 million including trophies.
The enhancements will see Victoria remain a destination for the world’s best horses, trainers and jockeys, as they travel to take on Australia’s greatest racing talent.
A focus will also remain on three-year-olds and stayers, whilst showcasing elite weight-for-age racing headlined by the Ladbrokes Cox Plate at The Valley.
Thoroughbred racing delivers an annual $3.2 billion economic benefit to Victoria, supporting 25,000 equivalent full-time jobs, with the Spring Racing Carnival alone worth $760 million to the state.