Thoroughbred Breeders Victoria welcomed the announcement on Saturday by Racing Victoria of major increases in prizemoney for feature races, regular metropolitan races and country racing.
Full details of the prizemoney increases can be found on the Racing Victoria website.
TBV President James O’Brien said the focus on three-year-old metropolitan racing and country maiden races was particularly important for breeders.
“Breeders are reliant on owners having confidence in getting a return from the horses they buy and race so prizemoney levels and increases in them are absolutely crucial,” O’Brien said.
“Importantly, breeders are also the major ownership group in racing owning in full or part an estimated 60% of all racehorses.
“These prizemoney increases are particularly beneficial to Victorian breeders and the horses they produce when you also take into account the Victorian Owners & Breeders Incentive Scheme (VOBIS), Australia’s best incentive scheme.
“With these increases, three year old horses will be racing for a minimum $120,000 in the city together with a $30,000 VOBIS bonus on every race. That means Victorian bred 3YOs will be racing for $150,000 in standard Saturday city races, more than in Sydney or anywhere else in Australia.
“Additionally, two and three year old Victorian bred horses can now compete in country races for up to $62,000 per race with added Super VOBIS and VOBIS Gold bonuses. That is a fantastic return by any measure and certainly the best in the nation.
“We congratulate the Racing Victoria Board and the team at RV including Giles Thompson, Greg Carpenter and Paul Bloodworth on the work done behind the scenes to have this major prizemoney increase become reality.
“Of course, there are always ways we can improve our racing and the returns obtained from it.
“TBV will continue to be an active contributor by working with Racing Victoria and other racing organisations to ensure our racing and breeding sector continues to grow well into the future.”