Jockey Club announces boost in prize money for 2018
The Jockey Club will increase its prize money contribution by a record £4.2 million in 2018, it announced today. This will see Jockey Club Racecourses contribute a record £27.1 million to prize money from its own resources next year (2017 budgeted: £22.9 million), subject to abandonments, spread across all levels of the sport.
Total race values offered across its 15 UK racecourses are set to exceed £53 million – a new record – an increase of £8 million year-on-year. These race values will include circa £1.6 million on offer from the new industry appearance money scheme, which Jockey Club Racecourses has unlocked in every available case through increasing its own investment where necessary.
The Jockey Club’s 348 racing fixtures scheduled for 2018 will offer, on average, record total race values of £153,000 per fixture, up from a record £133,000 in 2017, a growth of 15% year-on-year. This compares to the average prize money per fixture of c£86,000 at fixtures run outside Jockey Club Racecourses in 2017. Average total race values across The Jockey Club’s Jump racing fixtures will be £160,000 per fixture (2017 budget: £140,000) and £147,000 per fixture (2017 budget: £126,000) across its Flat racing fixtures, in line with the make-up of its racing programme.
Paul Fisher, Chief Executive of Jockey Club Racecourses, said:
“This is The Jockey Club's largest ever commitment to horsemen and we really hope that will also translate into good news for racing fans alike.
“I’m very proud of our people who have worked hard to achieve the commercial results we need to be able to offer this. Because we already put all of our money back into the sport, we can only increase our prize money contribution if we create the commercial returns to do so.
“Some people might think that our prize money is all about the highest race classes or at one or two racecourses, but these figures demonstrate another step forward in our commitment to supporting British Racing at all levels.”