Standard races at Corbould Park get 31% prizemoney boost
RACING: Sunshine Coast Turf Club CEO John Miller says the prizemoney increases for Corbould Park, announced on Wednesday, will be a welcome boost.
Provincial meetings at the Sunshine Coast, Gold Coast and Ipswich will benefit from an increase of $6.9 million.
Standard race stakes will be raised from $16,000 to $21,000 (+31.25%) and maiden race stakes will be raised from $15,000 to $21,000 (+40%).
There will be prizemoney for fifth-placed runners and $400 payment for runners placed sixth to 10th.
"It's fantastic news for us," Miller said.
"Paying down to 10th and for our races to jump from $16,000 to $21,000 on Sundays is a fantastic boost for us. It's something we've been longing for.
"I'm ecstatic. We've just been so far behind New South Wales and Victoria (in the past)."
Metropolitan meetings held on the Sunshine Coast will also boast prize money increases. Listed races will carry a minimum stake of $125,000.
That's likely to see the Sunshine Coast Cup boosted from $100,000 to $125,000.
It's not yet known whether more lucrative races like the Caloundra Cup, Sunshine Coast Guineas and Glasshouse Handicap will be impacted.
The races at Corbould Park on Tuesday, Melbourne Cup day, will go from $12,000 to $14,500.
The prizemoney increases will be Queensland-wide, following the State Government's announcement of $26 million for thoroughbred racing.
Racing Queensland chairman Steve Wilson said the first prizemoney increase of $18 million, effective on Thursday, will bolster racing across the state.
"This prizemoney boost will address one of the biggest challenges facing racing in Queensland; its ongoing viability, long-term sustainability and competitiveness with other racing jurisdictions across Australia," he said in a RQ press release.