-->

Racing Victoria’s Wallet Not Shut Yet

Deposit $100
to get

$250*

*In Bonus-bets

View Offers

Deposit $50 bet with

$200*

*In Bonus-bets

View Offers

Deposit $25
to get

$75*

*In Bonus-bets

View Offers

Deposit $250
to get

$250*

*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

32 Comments

  1. Nate

    Hey! This is kind of off topic but I need some help from an established blog.
    Is it very hard to set up your own blog? I’m not very techincal but I
    can figure things out pretty quick. I’m thinking about
    making my own but I’m not sure where to begin. Do
    you have any ideas or suggestions? Cheers

  2. commons.wikimedia.org

    Hi there! I could have sworn I’ve been to this web site before
    but after looking at many of the articles I realized
    it’s new to me. Anyhow, I’m definitely delighted I
    found it and I’ll be bookmarking it and checking back regularly!

  3. Noreen

    Great post. I was checking continuously this blog and I am impressed!
    Extremely useful info particularly the last part :) I care for such info
    much. I was seeking this particular info for a long time.
    Thank you and good luck.

  4. Mari

    Actually no matter if someone doesn’t know then its up to
    other users that they will assist, so here it takes place.

  5. power-puschel.nikolai-dragneel.de

    I really like your blog.. very nice colors & theme.
    Did you design this website yourself or did you hire someone to do it for you?
    Plz answer back as I’m looking to construct my own blog and would like
    to know where u got this from. many thanks

  6. James Frazer Mann

    Hi there, yeah this post is actually pleasant and
    I have learned lot of things from it regarding blogging.
    thanks.

  7. Steven

    Hi, i read your blog from time to time and i own a similar one and i was
    just curious if you get a lot of spam responses?
    If so how do you protect against it, any plugin or anything you can advise?
    I get so much lately it’s driving me insane so any assistance is
    very much appreciated.

  8. http://www.labelind.unicas.it/

    I’m not positive where you are getting your info, but great topic.
    I must spend some time studying more or figuring out more.

    Thanks for fantastic information I was on the lookout for this info for my mission.

  9. James Frazer Mann

    Wonderful goods from you, man. I have take note your stuff previous to and
    you’re just extremely great. I really like what you have received right here, certainly like what you are
    saying and the way in which by which you assert it. You are making
    it enjoyable and you continue to care for to keep it smart.
    I can not wait to learn much more from you. That is
    really a wonderful site.

  10. egypt travel

    This is my first time visit at here and i am genuinely impressed to read all at
    single place.

  11. things you need to grow weed

    It’s a pity you don’t have a donate button! I’d definitely donate to this superb blog!

    I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account.
    I look forward to brand new updates and will talk about this website with my Facebook group.
    Chat soon!

  12. read halogen oven

    Hey There. I found your blog using msn. This is an extremely well written article.
    I’ll be sure to bookmark it and come back to
    read more of your useful info. Thanks for the post. I’ll certainly comeback.

  13. pt.wikipedia.org

    I am regular visitor, how are you everybody? This paragraph posted at this web site is genuinely good.

  14. Romeo

    Hi, i think that i saw you visited my website so i came to
    “return the favor”.I am attempting to find things to enhance my website!I suppose its ok to use a few of your
    ideas!!

  15. Dirk

    Thanks for the auspicious writeup. It in reality
    was a enjoyment account it. Glance complicated to far introduced agreeable from you!
    However, how could we communicate?

  16. www.youtube.com

    I am not sure where you’re getting your information, but good
    topic. I needs to spend some time learning much more or understanding more.
    Thanks for fantastic information I was looking
    for this info for my mission.

  17. Mauro Luiz Soares Zamprogno

    Wow! In the end I got a webpage from where I can really take
    valuable data regarding my study and knowledge.

  18. http://famosos.globo.com

    I every time emailed this website post page to all my associates, because if
    like to read it next my friends will too.

  19. silviamassad.com.br

    My programmer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using WordPress on a number of websites for about a year and am nervous about switching
    to another platform. I have heard good things about blogengine.net.
    Is there a way I can import all my wordpress content into it?
    Any help would be greatly appreciated!

  20. https://globosatplay.globo.com/busca/?q=Lelio+Vieira+Carneiro

    Does your blog have a contact page? I’m having a tough time locating it but, I’d like to shoot you an email.
    I’ve got some creative ideas for your blog
    you might be interested in hearing. Either way, great site and I look
    forward to seeing it expand over time.

  21. commons.wikimedia.org

    Hello mates, good paragraph and nice arguments commented here, I am in fact enjoying by these.

  22. commons.wikimedia.org

    Inspiring story there. What occurred after? Good luck!

  23. www.youtube.com

    Greetings from Ohio! I’m bored at work so I decided to check out your website on my iphone during lunch break.
    I enjoy the knowledge you provide here and can’t wait to
    take a look when I get home. I’m shocked at how quick your
    blog loaded on my mobile .. I’m not even using WIFI, just 3G ..
    Anyhow, awesome site!

  24. Wilhelmina

    Hey there! Would you mind if I share your blog with my facebook group?
    There’s a lot of folks that I think would really enjoy
    your content. Please let me know. Thanks

  25. Trevor

    Excellent way of describing, and good paragraph to take
    information concerning my presentation topic, which i am going to deliver in academy.

  26. Lelio Vieira Carneiro Junior

    Thanks a lot for sharing this with all people you really recognize what you are talking approximately!
    Bookmarked. Please also consult with my site =). We can have a hyperlink alternate arrangement between us

  27. Silvia Odete Morani Massad

    These are genuinely wonderful ideas in regarding blogging.
    You have touched some pleasant things here. Any way keep up wrinting.

  28. Lelio Vieira Carneiro Junior

    Amazing things here. I am very glad to look your post.
    Thanks so much and I am having a look ahead to touch you.
    Will you kindly drop me a e-mail?

  29. Lelio Vieira Carneiro Junior

    Thanks for ones marvelous posting! I certainly enjoyed reading it, you will be a great author.
    I will ensure that I bookmark your blog and will eventually come back in the
    foreseeable future. I want to encourage you continue your great
    job, have a nice morning!

Leave a reply

Your email address will not be published.