Member for Tamworth Kevin Anderson will push for more prize money and investment in country racing following the announcement that racing tax will be reduced as part of next week’s Budget.


Mr Anderson said the government will cut the racing tax from its current level of $3.22 per $100 wagered to the Victorian rate of $1.28 over five years from January 1 2016


“Over this period, $235 million will return to the industry across the state and I will be pushing hard to make sure our local racing industry gets its fair share.


“What this will mean for punters is better race meets and events, better tracks and facilities, and more jobs in the industry for regional racing.


“It will also help to attract more people to the industry, by providing a greater return to trainers and renewing the push to growing our apprenticeships.


“Country racing plays a very important role in feeding into the metropolitan markets, and it’s always a huge thrill to have a metropolitan runner, so by investing in the local codes we are increasing those opportunities.


“In terms of infrastructure, I’ll be inviting local racing presidents to look at what needs to be done to their track and venue and assisting where possible to get our fair share of funding.


“We need to build a better region and support racing at a grace roots level and this will be a big boost for the local racing industry,” Mr Anderson said.


Tamworth Jockey Club President Gary Collins says the tax reduction will bring Racing in NSW to a level playing field with Victorian Racing over time.


“The increased income should flow through to increased prize money that will further promote the industry with existing participants and encourage new people to become interested in horse ownership and racing as a sport.


“The Tamworth Jockey Club is well placed at this stage particularly with the completion of the Function Centre just recently and now work is about to commence on significant renovations to the training tracks followed by major renovations to the course, proper cambers and a 1000m starting chute.


“This will see the Clubs racing operations closed for a time however the end result will be important in future proofing the Club. The total value of the upcoming projects is approximately $2.15 million which is being funded by Racing NSW Race Fields Legislation Funding Program,” Mr Collins said.


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