Greyhound Racing SA marks strong 2022 with $1 million industry payment
Greyhound Racing SA (GRSA) is pleased to advise that a $1 million Industry Performance Reward Payment (IPRP) will be made to participants on 30 January 2023.
The payment reflects strong wagering revenue for the 2022 calendar year and comes on the back of the recently announced 7.5% increase in prizemoney from 1 January 2023.
“This once-off payment reflects another strong year of wagering activity and is designed to maximise those returns to our hard-working industry,” GRSA Chair Grantley Stevens said.
“GRSA expects wagering to re-calibrate lower in 2023 and beyond as punters navigate the rising cost of living and re-prioritise their expenditure post-COVID.
“Our recently announced increase in base prizemoney across the state was designed to rebuild a foundation for participants, providing greater certainty as we navigate a new normal that will likely see fewer of these additional payments generated.
“IPRPs are an additional form of stake money on top of this base level but should be treated in the same way – that is, distributed accordingly between trainers and owners.”
The IPRP will be distributed in direct proportion with Wagering Activity Payment (WAP) distributions across the twelve months spanning 1 January 2022 to 31 December 2022.
Media enquiries: Alexandra Green, Michels Warren PR 0418 608 038 [email protected]