South Australia Announces Stakes Increase and Jockey Fees e

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A Jolly good prizemomey boost

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Adelaide’s leading trainer Richard Jolly has welcomed the impending prizemoney increase in South Australian racing and believes it will stimulate investment by owners and punters on the local product.

On Monday, Racing SA announced an additional $7.4 million is being directed to prizemoney in the next 12 months, with boosts to Stakes races, Saturday metropolitan races, provincial races and country races all on the cards.

The move comes off the back of a fruitful year for Racing SA and a recent announcement by the SA Government that it will double the amount of funding the industry receives from the POC tax.

Jolly, who trains in partnership with his daughter Chantelle at Morphettville, said the increases will help strengthen the quality of racing in the state.

“It’s probably more than we expected,” Jolly said.

“It probably makes racing in our state more sustainable for the long run.

“A lot the trainers here have made big investments in the industry – we’ve got our stables, our horses and lots of staff so the rise in prizemoney really is welcome.

“Going to the yearling sales next year, it probably gives us a bit more confidence to spend the money and maybe buy horses a little bit dearer than we otherwise would.”

The Jollys won last season’s Adelaide Trainers Premiership and hold a commanding lead in this season’s title race with several weeks remaining

From Saturday, metropolitan races in South Australia will be run for a minimum of $50,000, while prizemoney for almost every Stakes race in the state will also climb.

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SA to increase riding fees

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Racing SA and the South Australian Jockeys' Association have announced a new three-year agreement that will see riding fees increase from next season.

 

The standard riding fee recently increased from $215 to $230 and will go up again to $240 at the beginning of the 2024/25 season, with a further increase in July 2025 to $250 (all excluding GST).

 

SAJA President Eran Boyd released the following statement welcoming the agreement.

 

"The South Australian Jockeys' Association takes pride in the excellent working relationship we share with Racing SA," Boyd said.

 

"We were extremely pleased to hear that not only was our proposed riding fee increase agreed upon by the board, but they went one step better by adding a higher increase over the next three years, much more than what was originally put forward.

 

"The agreed riding fee increase is a clear sign of respect for our jockeys here in SA and we are grateful that Racing SA has shown such high regard for the work ethic, professionalism and danger our riders face every day."

 

Riding fees at barrier trials have also been raised, to $85 for next season, $87.50 in 2024/25 and $90 from July 2025.

 

Racing SA CEO Vaughn Lynch said the deal highlights the industry's appreciation of South Australia's 'tremendous riding group'.

 

"The increase was a deserved acknowledgement to the dedication our jockeys have and to the contribution they make to the success of the sport in this state," Lynch said.

 

"It's another positive announcement after the increases to prizemoney and Racing Rewards SA, showcasing our commitment to delivering outcomes for our participants."