Racing in Victoria will become more viable for owners in the 2015/2016 racing season with a $16.5 million prizemoney increase announced from 1 August 2015. Across the various race types and grades, the increases range from 6.7% up to 71.4%, all very significant percentages which will be very much appreciated by all owners.

Importantly the increases are from maiden grade up to open handicaps which has a greater widespread benefit than the black-type races. A summary of the new prizemoney for each class of race can be viewed here.

This is very welcome news and we are looking forward to the Laurel Oak horses taking home more prizemoney in the future.