Stakes information for the 2017/18 Season

Greyhound Racing New Zealand (GRNZ) has confirmed a national increase for racing stakes. This announcement follows one by the New Zealand Racing Board (NZRB) in April that all racing Codes would receive a boost in funding and that GRNZ would receive $1.9 million extra annually for stakes over the next two years.

GRNZ has chosen to use this funding injection to increase national racing stakes across all distances from their original 2016/2017 season payouts by, on average, about 14%. This increase ensures that an initial, albeit temporary, increase, which was implemented for racing stakes for the last quarter of the 2016/2017 season (from 1 May to 31 July 2017) will be made more permanent and another slightly additional lift provided.

This increase in funding from NZRB has also given the opportunity to raise stakes for Middle and Distance races. It has allowed GRNZ to now allocate the fourth place dog with a percentage of the total stake while still retaining the 5th and 6th place payment. This means that 50% of all dogs in a race will come away with a percentage of the prize pool. As an example, at the start of the 2016/2017 season, the first place dog of a C2 Distance race would receive a stake of $2,340 and a fourth place dog would receive a stake of $80. In the beginning of this 2017/2018 season, in the same C2 Distance race, a first place dog will receive a stake of $2,576 and a fourth place dog will receive a stake of $275. The first place dog’s stake will be increased approximately 10% more than last season’s starting stake, but the fourth place dog’s will be 244% higher. Across all racing stakes, the average increase is approximately 14%.

We here at GRNZ are pleased to announce these more permanent and further stake increases and hope it will start the new racing season on a positive note.

Please click here for a copy of the 2017/2018 stakes schedule.

Posted on 25/07/2017 3:34:00 PM

< Back