Chief Stipe Posted November 4, 2021 Share Posted November 4, 2021 Everest, Eagle fuels record turnover in NSW The Everest, won by Nature Strip this year, has been popular with punters. Picture: Getty Images By Ray Thomas10:05pm • 04 November 2021 1 Comments Racing NSW’s strategy to enhance Sydney’s spring carnival has been embraced by punters and race fans as prizemoney across the state soars to record levels. These were some of the features from the Racing NSW annual report for 2020-21 released earlier this week which revealed the list of the most wagered NSW races is now led by two relatively new events with The Everest clearly on top followed by the Golden Eagle. The Everest was being run for just the fourth time in 2020 and it was the Golden Eagle’s second renewal so both races have quickly established themselves with punters and replaced Sydney’s iconic Golden Slipper as the NSW races attracting most bets through TAB and other wagering operators. It is understood betting on The Everest and the Golden Eagle last month exceeded the 2020 betting returns. NSW’s racing industry returned more than $291 million prizemoney to owners last season – the highest of any state and by a considerable margin. With further Racing NSW prizemoney increases already announced for 2021-22, those returns to owners will swell to over $310 million. The robust NSW racing industry’s massive prizemoney levels are being fuelled by record wagering turnover which is increasing revenues from TAB and other wagering operators through the race fields scheme, wagering taxation parity and the point of consumption tax. Racing NSW championed the introduction of race fields legislation more than a decade ago and fought hard for wagering parity with Victoria, resulting in two new and lucrative wagering revenue streams for the NSW racing industry. Racing NSW chief executive Peter V’landys detailed in his report that funding “from the Race Fields scheme has continued to grow significantly and is now almost on par with the revenue received from the NSW TAB.’’ V’landys also detailed the increased returns to the NSW racing industry from the Betting TAB Legislation Amendment Act 2015 which has provided wagering tax parity with Victoria. Racegoers enjoying Golden Eagle day at Rosehill. Picture: Sam Ruttyn The 2020-21 was the first year of full wagering tax parity with the NSW thoroughbred code receiving $72.39 million which takes the total amount received so far from parity to more than $250 million in five years. Thoroughbred racing industry returns from the point of consumption tax also reached nearly $40 million last financial year. These new revenue streams has enabled Racing NSW to introduce new big money races like the $15 million The Everest, $7.5 million Golden Eagle, $2 million The Invitation, $1.3 million The Kosciuszko, plus $1 million races like the Bondi Stakes, The Hunter and The Gong in recent years, and increase stakes for more traditional races like the Golden Slipper, now worth $5 million (up $1.5 million). But Racing NSW’s policy to maximise returns to owners has resulted in increased stakes at the sport’s “grassroots” including the introduction of The Midway races of $100,000 each Sydney Saturday meeting. Prizemoney for TAB Highways are now worth $100,000 (up from $75,000), and there has been increases in minimum race stakes at country TAB meetings from $22,000 to $24,000 per race, country Sky Meeting races from $12,000 to $15,000, non-TABs from $8,000 to $10,000n and picnic races from $3,000 to $4,000. Racing NSW also detailed in the Annual Report that wagering on NSW thoroughbred racing has increased by more than 65 per cent over the past five years. MOST WAGERED NSW RACES Top 10 – Season 2020-21 – The Everest – Golden Eagle – Golden Slipper – Doncaster Mile – ATC Derby – Yes Yes Yes Stakes – Epsom Handicap – The Metropolitan – Queen of the Turf – George Ryder Quote Link to comment Share on other sites More sharing options...
Huey Posted November 4, 2021 Share Posted November 4, 2021 and this is where we go wrong, our administrators , naive owners etc look at this and think we need an Everest, Eagle or a Slipper (in our case read Champions Day, Breeders Champs etc)to change things around when what we really need is the building blocks in place to allow us to strive to have such events not these events at the expense of the building blocks! 1 1 Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted November 4, 2021 Author Share Posted November 4, 2021 8 minutes ago, Huey said: and this is where we go wrong, our administrators , naive owners etc look at this and think we need an Everest, Eagle or a Slipper (in our case read Champions Day, Breeders Champs etc)to change things around when what we really need is the building blocks in place to allow us to strive to have such events not these events at the expense of the building blocks! Yep. Country meetings $22k to $24k. Non-TAB races $8-10k. Quote Link to comment Share on other sites More sharing options...
nomates Posted November 4, 2021 Share Posted November 4, 2021 1 hour ago, Chief Stipe said: MOST WAGERED NSW RACES Top 10 – Season 2020-21 – The Everest – Golden Eagle – Golden Slipper – Doncaster Mile – ATC Derby – Yes Yes Yes Stakes – Epsom Handicap – The Metropolitan – Queen of the Turf – George Ryder Can't believe none of our best races made that list . 2 Quote Link to comment Share on other sites More sharing options...
nomates Posted November 4, 2021 Share Posted November 4, 2021 18 minutes ago, Huey said: and this is where we go wrong, our administrators , naive owners etc look at this and think we need an Everest, Eagle or a Slipper (in our case read Champions Day, Breeders Champs etc)to change things around when what we really need is the building blocks in place to allow us to strive to have such events not these events at the expense of the building blocks! Whilst i agree with this i have to say i haven't talked to one owner who doesn't understand that the industry needs to reset , none have spoken of the need for the type of races listed , most are working at the middle level and below with the odd exception and all say the same thing , too much of the stakes allocation is going to the wrong end of racing . In fact this is the reason most have got out or are in the process of doing so because the latest funding cycle , the ones who are still battling on are constantly monitoring it with one eye on withdrawing from the sport here or moving anything they consider worthy overseas . Overwhelmingly they all say they want race their horses here , most don't want sell anymore , done that and want to start enjoying watching their horses race here . But we have been saying the same old thing for a long time and nothing is changing . 2 Quote Link to comment Share on other sites More sharing options...
Huey Posted November 5, 2021 Share Posted November 5, 2021 3 hours ago, nomates said: Can't believe none of our best races made that list . They are all on this weekend ; 0 1 Quote Link to comment Share on other sites More sharing options...
holy ravioli Posted November 5, 2021 Share Posted November 5, 2021 23 hours ago, Huey said: and this is where we go wrong, our administrators , naive owners etc look at this and think we need an Everest, Eagle or a Slipper (in our case read Champions Day, Breeders Champs etc)to change things around when what we really need is the building blocks in place to allow us to strive to have such events not these events at the expense of the building blocks! You may find the real influence is the big breeders. They most definately do want these trophy races...and their progeny to win...them! Quote Link to comment Share on other sites More sharing options...
Freda Posted November 5, 2021 Share Posted November 5, 2021 16 minutes ago, holy ravioli said: You may find the real influence is the big breeders. They most definately do want these trophy races...and their progeny to win...them! You're bang on there..and some others in the heirarchy do, as well. I ventured to comment to an administrator that the lower rated horses and their owners need to be rewarded and encouraged in their involvement, not have their stakes pillaged to support the top end - which was already over-subsided, I added. He was vehement in his disagreement, owners want aspirational stakes, he trumpeted, I want to think that if I have a nice horse I can aim at some money, he went on...so. I said, go to Australia for REAL money ; but if the majority keep getting ripped off your nice horse won't have anyone to race. He got angrier and angrier, went on and on about rewarding mediocrity, so I wandered off before I succumbed to a real urge to throw something at him. 5 1 Quote Link to comment Share on other sites More sharing options...
nomates Posted November 5, 2021 Share Posted November 5, 2021 4 minutes ago, Freda said: You're bang on there..and some others in the heirarchy do, as well. I ventured to comment to an administrator that the lower rated horses and their owners need to be rewarded and encouraged in their involvement, not have their stakes pillaged to support the top end - which was already over-subsided, I added. He was vehement in his disagreement, owners want aspirational stakes, he trumpeted, I want to think that if I have a nice horse I can aim at some money, he went on...so. I said, go to Australia for REAL money ; but if the majority keep getting ripped off your nice horse won't have anyone to race. He got angrier and angrier, went on and on about rewarding mediocrity, so I wandered off before I succumbed to a real urge to throw something at him. Obviously the irony of his comment " rewarding mediocrity " was lost on him . To give more weight to the rewarding mediocrity we have another black type give away on Wednesday , the Canterbury Breeders Stakes $90k G3 , top rating is 80 , never worth the money or the black type . This is the definition of rewarding mediocrity . 3 Quote Link to comment Share on other sites More sharing options...
Huey Posted November 5, 2021 Share Posted November 5, 2021 34 minutes ago, Freda said: You're bang on there..and some others in the heirarchy do, as well. I ventured to comment to an administrator that the lower rated horses and their owners need to be rewarded and encouraged in their involvement, not have their stakes pillaged to support the top end - which was already over-subsided, I added. He was vehement in his disagreement, owners want aspirational stakes, he trumpeted, I want to think that if I have a nice horse I can aim at some money, he went on...so. I said, go to Australia for REAL money ; but if the majority keep getting ripped off your nice horse won't have anyone to race. He got angrier and angrier, went on and on about rewarding mediocrity, so I wandered off before I succumbed to a real urge to throw something at him. Those type are all the same, won't go to Aus to race cause it would mean they are likely in the same situation as the rest of us horse wise. Quote Link to comment Share on other sites More sharing options...
Doomed Posted November 6, 2021 Share Posted November 6, 2021 1 hour ago, Freda said: You're bang on there..and some others in the heirarchy do, as well. I ventured to comment to an administrator that the lower rated horses and their owners need to be rewarded and encouraged in their involvement, not have their stakes pillaged to support the top end - which was already over-subsided, I added. He was vehement in his disagreement, owners want aspirational stakes, he trumpeted, I want to think that if I have a nice horse I can aim at some money, he went on...so. I said, go to Australia for REAL money ; but if the majority keep getting ripped off your nice horse won't have anyone to race. He got angrier and angrier, went on and on about rewarding mediocrity, so I wandered off before I succumbed to a real urge to throw something at him. Was he a big owner himself? Quote Link to comment Share on other sites More sharing options...
Freda Posted November 6, 2021 Share Posted November 6, 2021 1 hour ago, Doomed said: Was he a big owner himself? No. Quote Link to comment Share on other sites More sharing options...
Joe Bloggs Posted November 6, 2021 Share Posted November 6, 2021 Rewarding mediocrity is paying a salary to Saundry, George, and all the other hanger ons that the industry has provided succour to over the years. 5 Quote Link to comment Share on other sites More sharing options...
Gospel of Judas Posted November 7, 2021 Share Posted November 7, 2021 On 5/11/2021 at 12:06 PM, Chief Stipe said: Yep. Country meetings $22k to $24k. Non-TAB races $8-10k. NZ Racing at 12k is like Elite Picnic. Why decent horses keep flowing to Aussie. Unless you are some big glory breeder, want some easy black type racing. 1 Quote Link to comment Share on other sites More sharing options...
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