Racing Victoria’s Wallet Not Shut Yet

Deposit $100
to get


*In Bonus-bets

View Offers

Deposit $50 bet with


*In Bonus-bets

View Offers

Deposit $25
to get


*In Bonus-bets

View Offers

Deposit $250
to get


*In Bonus-bets

View Offers

Racing Victoria says there could be more joy coming for stakeholders across the state as they keep the door open on further prize money increases.

Last week they announced a $15 million package to be used across both the city and country and current estimates suggest that could be doubled.

All of this hinges though on the High Court decision between Racing NSW and corporate bookmakers Sportsbet and Betfair.

Should the decision be favourable Rob Hines form Racing Victoria says the effects could be almost instant.

“There is potential for more prizemoney increases. Coming into the system could be as much as $30 million,” Hines said.

If however they lost the case they would also lose an abundance of fees currently collected from the corporates.

He guaranteed though that regardless of the outcome the $15 million already announced was sustainable.

“We can’t afford to take risks. What we did is announce a prizemoney increase that we can absolutely commit to regardless of the High Court decision,” Hines said.

“If the High Court decision is positive for racing, and we really hope it is, there is opportunity for a further stage of prizemoney increases.”

RVL says assuming Racing NSW wins the case they will adopt their process and lift the rates against corporate bookmakers.

This would see 13 percent of gross revenue flowing back to the industry with that number lifted to 18 percent during the spring.

That said they believe the level can and should be lifted even higher.

“We think 20 per cent is the right number for corporate bookmakers, but the problem with a revenue fee is that if we charge that to the interstate totes, it is very expensive for them,” Hines said.

“Once you start increasing, it affects returns to racing industries in their local state.

“We are exploring the possibility of moving to a choice model like they do in Western Australia where the operator chooses whether they pay on turnover or revenue.”

With the High Court decision to be known within two months negotiations are continuing irrespectively between RVL and Country racing Victoria.

Minimum prize money at country meetings will be raised to $14,000 as announced last week but the country organisation are pushing for more.

It’s expected this can be achieved by making administrative process more efficient even without a favourable High Court outcome.

About The Author


  1. phones reduces

    Howdy! I know this is somewhat off topic but I was wondering if you knew where I could
    locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one?
    Thanks a lot!

  2. website whenever

    Hello there! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my blog to rank for some targeted keywords but
    I’m not seeing very good results. If you know of any please share.


  3. http://www.pkinc.biz/

    Hi, I log on to your blog daily. Your humoristic style is witty,
    keep it up!

  4. sailingandmore.com

    Wonderful goods from you, man. I’ve understand your stuff previous to and you are just extremely fantastic.
    I really like what you’ve acquired here, certainly like what you are saying and the way in which you say it.
    You make it enjoyable and you still care for to keep it sensible.
    I cant wait to read much more from you. This is
    really a tremendous site.

  5. domain registrar

    Thank you for the auspicious writeup. It if truth be told was once a leisure
    account it. Look complicated to far brought agreeable from you!
    By the way, how can we keep in touch?

  6. Itamar Serpa Fernandes

    Thanks for the good writeup. It in fact was a enjoyment account it.
    Glance advanced to far brought agreeable from you!
    However, how can we be in contact?

  7. tercio borlenghi junior

    Hello, its nice piece of writing about media print,
    we all understand media is a fantastic source of information.

  8. Umanizzare presidios

    This is very interesting, You are a very skilled
    blogger. I’ve joined your rss feed and look forward to seeking more
    of your fantastic post. Also, I have shared your web site in my social networks!

  9. Jose Wilame Araujo Rodrigues

    Hi it’s me, I am also visiting this site regularly, this web site is in fact good and the
    visitors are actually sharing good thoughts.

  10. Luiz Fernando Monteiro Bittencourt

    Hello, I think your site might be having browser compatibility issues.
    When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer,
    it has some overlapping. I just wanted to give you a quick heads
    up! Other then that, excellent blog!

  11. José Wilame Araújo Rodrigues

    With havin so much content and articles do you ever run into any issues of plagorism or
    copyright violation? My site has a lot of exclusive content I’ve either created myself or outsourced but it
    appears a lot of it is popping it up all over the internet
    without my agreement. Do you know any techniques to help protect against
    content from being stolen? I’d definitely appreciate it.

  12. reverse phone number lookup

    Hi there, this weekend is fastidious in support of me, because this occasion i am reading this impressive informative piece of writing
    here at my house.

  13. Luiz Gastao Bittencourt da Silva

    If you desire to get a good deal from this paragraph then you have to apply such
    techniques to your won blog.

  14. Grupo Serval presídios

    Every weekend i used to go to see this web site, because
    i want enjoyment, as this this web page conations genuinely fastidious funny material

  15. Umanizzare presídios

    What’s up to every body, it’s my first pay a visit of this web site;
    this webpage consists of amazing and genuinely excellent information for visitors.

  16. Lelio Vieira Carneiro Junior

    When I initially commented I clicked the “Notify me when new comments are added” checkbox and
    now each time a comment is added I get three emails with the same
    comment. Is there any way you can remove me from that
    service? Thank you!

  17. purchasing timex

    Oh my goodness! Impressive article dude! Thanks, However I am experiencing issues with your RSS.
    I don’t know the reason why I cannot subscribe to it.

    Is there anyone else having identical RSS issues?

    Anyone who knows the solution can you kindly respond?

  18. Grupo Serval presidios

    I’ll right away grab your rss as I can’t find your email subscription hyperlink or newsletter service.
    Do you have any? Kindly let me realize in order that I may subscribe.


Leave a reply

Your email address will not be published. Required fields are marked *