Punters will have to adapt to self service terminals as operator-assisted totes are phased out.
Brace yourselves for serious stake cuts - RITA to reveal its funding budget on Friday
By Barry Lichter • 23 June 2020
Funding to the codes for next season’s race stakes will be known on Friday and it could be up to 25% down on this year.
The revelation yesterday, from Harness Racing New Zealand’s interim chief executive Phil Holden, confirmed fears that the industry is on the verge of severe stakes reductions.
The Racing Industry Transition Agency board is meeting today and Holden says it will reveal its budget to the codes on Friday.
“We’ve had some broad conversations with them and it’s fair to say it’s going to be significantly less. It could be anywhere up to 25% less.”
Holden said the three racing codes had yet to come to an agreement on just how RITA’s bulk funding will be divided between them.
But already talk around the traps is that there will be a severe cap placed on prizemoney for all Group races, a move that is sure to see even more horses and trainers abandon New Zealand.
Cambridge Raceway CEO David Branch is hoping that the coming cuts won’t mean that speculation about $5000 races proves to be correct.
Of the four clubs which raced in the last two weeks, Cambridge recorded the lowest turnover of $589,234. Branch, however, said it wasn’t far removed from what he’d expect on a normal mid-winter Thursday.
$7000 on-course turnover
The official on-course turnover was just $7000, though Branch pointed out that another $12,000 was put through its Clubhouse, which as a stand alone TAB comes under off-course turnover.
Cambridge had four operator-assisted terminals open in the grandstand and one self service terminal.
The second lowest turnover, $598,472, was at the other northern meeting at Alexandra Park where, on its first night open to the public, on-course betting was also a pitiful $7000.
The Auckland Trotting Club also has a TAB next to the Alex Bar which would have added more turnover, again grouped under the off-course total.
Total turnover on the ATC’s nine races was $598,472, an average of $66,497.
Invercargill saw a turnover drop on the previous two weeks, its $700,175 last Saturday testimony to competition from the first gallops meeting at Pukekohe.
Addington, with it’s prized Friday nights, continued to post strong figures, with averages per race of $89,886 and $112,870.
Asked if the low on-course turnovers were disturbing, Harness Racing New Zealand racing and marketing manager Darrin Williams said they probably indicated people were already using their own devices to bet.
On-course betting totals in the last two weeks were:
Cambridge: $7000.
Auckland: $7000.
Invercargill: $10,000, $12,000.
Addington: $18,000, $12,000, $11,000, $17,000.
Under the present bulk funding rules, clubs gain no extra income from increased on-course turnover.
Turnover details
Thursday night, June 11 Cambridge (10 races) $589,234, average per race $58,923
On-course $7000, off-course $282,000, fixed odds $300,000.
Friday night, June 12 Addington (12 races) $1,078,639, average per race $89,886
On-course $18,000, off-course $525,000, fixed odds $534,000.
Saturday, June 13 Invercargill (10 races) $754,963, average per race $75,496
On-course $12,000 off-course $477,000, fixed odds $265,000.
Sunday, June 14 Addington (9 races) $671,021, average per race $74,557
On-course $12,000, off-course $376,000, fixed odds $283,000.
Thursday night, June 18 Auckland (9 races) $598,472, average per race $66,497
On-course $7000, off-course $269,000, fixed odds, $322,000.
Friday night, June 19 Addington (10 races) $1,128,700, average per race $112,870
On-course $11,000, off-course $548,000, fixed odds $568,000.
Saturday, June 20 Invercargill (10 races) $700,175, average per race $70,017
On-course $10,000, off-course $382,000, fixed odds, $307,000.
Sunday, June 21 Addington (12 races) $966,098, average per race $80,508
On-course $17,000, off-course $554,000, fixed odds $394,000.
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Ray’s comments
Thursday night at Cambridge
Race 3: Lincoln Downs
6.22pm
“She got home really well on the second night at Manawatu and gets a good draw here. There’s not much exposed form in the race so it’s hard to know how she compares but she’ll win one.”
Ray’s comments
Friday night at Auckland
Race 3: Debbie Lincoln
7.01pm
“I thought she went super again last week with no luck and we’ve got a decent draw for a change so you have to like her chances. She’s been getting in on the corners, so we’ve added a Murphy blind.”
Race 3: Tyson
7.01pm
“I was impressed by the way he hung on to Captain Sampson and Greased Lightnin last week. They’re strong sprinters and it was only a sprint up the straight. He’ll need things to go his way from six.”
Race 3: Sugar Ray Lincoln
7.01pm
“It was his first run for a while last week and he probably needed another trial. But we thought we might as well race him to set him up for this week. The outside draw of eight doesn’t help.”
Race 9: Lincoln Lover
9.55pm
“He’s not as sharp as our other two but he’s a game little bugger. He’ll win races for sure.”
Race 9: Prince Lincoln
9.55pm
“I thought he went really well last week. He’d had only one trial and was a bit fresh so it was understandable that he got tired the last bit. That will tighten him up and I’m expecting him to race well. He’s trained on well since.”
Race 9: Johnny Lincoln
9.55pm
“Prince has the wood on Johnny but he’ll still go well. He found the line well last week. It was his first run for a while too, and his first as a gelding.”
