Prize-money throughout NSW will be cut by up to 20 per cent

Prize-money throughout NSW will be cut by up to 20 per cent

Prize-money for TAB races throughout NSW will be cut by up to 20 per cent until the end of the financial year in June because of the coronavirus pandemic. While racing is continuing under strict biosecurity protocols, meetings are being held without spectators, reducing the income from wagering, hospitality and sponsorship. Pubs, clubs and TAB agencies are also closed. Racing NSW announced on Sunday that the prize-money cuts would not cover all losses.
 From Sunday, races of $100,000 and above will be reduced by 20 per cent, races between $25,000 and $100,000 will be reduced by 10 per cent and minimum prize-money for country TAB race meetings will be reduced by $2,000 to $20,000. There will be no reductions for non TAB and picnic races.