Racing New South Wales has announced minimum prize-money for Saturday metropolitan races will increase by A$25,000 to A$125,000.
“We are delighted to be able to deliver these significant increases across all three sectors coinciding with the start of the spring,” Racing NSW chairman Russell Balding said.
The increases will take effect from September 1, with prize-money to increase by more than A$24 million annually.
Meanwhile, the world’s richest country race will be held on Everest Day at Randwick with a new A$1.3 million race – The Kosciuszko.
The race will be restricted to only New South Wales country-trained horses.