In a significant boost for British horse racing, prize money at the Jockey Club's 15 racecourses is set to exceed £58 million from 2022, the company said on Monday.
The amount is an increase of more than 12 million pounds on forecast total prize money for 2021 and a jump of nearly five million pounds compared to pre-pandemic levels. Competitors will race for record average prize-money of £172,000 per fixture at the Jockey Club's courses next year, up from £140,000 in 2021.
"The pandemic has been an incredible challenge that we have had to meet head-on," said Nevin Truesdale, chief executive of the Jockey Club. "We still cannot be certain about what 2022 will bring, but we have enough confidence in the popularity of British Racing from our advance sales and all our revenue streams now fully firing as things stand to plan to fund and distribute a record amount of prize money."Source: Reuters
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