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French Prize Money Increased For 2022; Returns To 2017 Levels

Prize money in France is set to rise to €278 million (about US$313 million) next year, returning to the equivalent levels of 2017.

This level of prizemoney would mean a return to the equivalent level of 2017, as in 2018 France Galop had to implement a reduction in prizemoney. This budget represents an increase of €20M (+7.75% vs. 2019) and €30M (+12%) compared to 2021.

The increase is primarily due to growth in PMU (the third-largest pool betting service globally) net contribution to €820-million, the first time since 2015 that number will rise above the €800M mark. The contribution is up €60M compared to 2019, thanks to a return to growth in betting turnover in France, a sustained international expansion and a significant drop in PMU expenditures (-€40M compared to 2019).

Discussing the 2021 levels, France Galop said: “The limited erosion of 2021 prize-money is the result of the good resumption of betting activity since the reopening of betting shops, as well as the constant efforts made by the PMU and France Galop to reduce their costs.”

France Galop's 2022 budget plan was submitted during a Monday board meeting, and will be formally approved at a committee meeting on Dec. 13.

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French Prizemoney Increase For 2022

Prizemoney in France is set to rise to €278-million next year, returning to the equivalent levels of 2017. The proposed increase means that prizemoney will be up €20-million (7.75%) from 2019, and €30-million (+12%) from 2021. The increase can be attributed to a growth in PMU net contribution to €820-million–the first time since 2015 that its contribution has risen above €800-million, and up €60-million on 2019–thanks to a growth in betting turnover, sustained international expansion and a drop in PMU expenditures, as well as France Galop's rebounding commercial revenue.

France Galop's 2022 budget plan was submitted during a Monday board meeting, and will be formally approved at a committee meeting on Dec. 13.

It was also revealed during the board meeting that France Galop expects a positive net result of €6-million for the current financial year, with connections of horses still affected by prizemoney deductions amid the pandemic to be paid those deficits at the beginning of 2022. Total French prizemoney in 2021, therefore, is expected to be €248-million, down 4% from €258-million in 2019. The PMU will contribute €740-million to prizemoney in 2021, with its business improving significantly upon the re-opening of betting shops, and aided by the efforts of both the PMU and France Galop to reduce costs during the pandemic.

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Champion French Jockey Boudot Has Ban Extended Another Six Months

Reigning champion jockey Pierre-Charles Boudot has had his suspension from racing extended another six months by France Galop as a result of being charged with rape.

The three-time winner of France's cravache d'or was stood down in May, along with fellow jockey Pierre Bazire, who has been charged with failing to report a crime over the same incident.

Boudot, 28, was released on €50,000 [$60,710] bail after spending two days in police custody, having been charged with the rape of a 25-year-old female work rider. This followed an investigation into a complaint made following a party in Cagnes-Sur-Mer on France's Cote d'Azur in February.

A statement from France Galop released on Friday read: “France Galop's commissioners have examined the statements made by the jockeys Pierre-Charles Boudot and Pierre Bazire, who are currently under investigation by an examining magistrate from Senlis Judicial Tribunal, with a view to potentially extending the precautionary measures taken against them on May 14, 2021.

“Though these two jockeys are still presumed innocent, in view of the ongoing legal proceedings that concern said jockeys, the gravity of the allegations and the damage they would cause to the image, legality and safety of horse racing, as well as the organization of any bets pertaining to horse races, the commissioners have decided to suspend, as a precautionary measure and for a duration of six months, the aforementioned jockeys' authorization to ride, in accordance with the provisions stated in article 216 of the French horse racing code.

“These measures may be lifted or extended at any time, taking into consideration any additional elements that may be brought to the attention of France Galop's commissioners.”

Boudot, champion jockey in 2015, 2016 and 2020, has become one of the world's top riders. He won the 2019 Prix de l'Arc de Triomphe on Waldgeist, has ridden the winners of four French Classics and rode two winners at last year's Breeders' Cup.

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Boudot Banned Six More Months

French champion jockey Pierre-Charles Boudot has had a three-month ban by France Galop stewards extended a further six months as he faces rape charges.

Boudot, 28, was charged on May 12 for the Feb. 27 rape of a 25-year-old female work rider in Cagnes-sur-Mer. Also implicated is fellow jockey Pierre Bazire, who was charged in May with failing to prevent and report a crime. Bazire's suspension has likewise been extended six more months. Boudot, whose legal team has denied the allegations, had been previously accused of rape in 2018, but those allegation did not result in charges.

A statement from France Galop released on Friday read, “France Galop's commissioners have examined the statements made by the jockeys Pierre-Charles Boudot and Pierre Bazire, who are currently under investigation by an examining magistrate from Senlis Judicial Tribunal, with a view to potentially extending the precautionary measures taken against them on May 14, 2021. Though these two jockeys are still presumed innocent, in view of the ongoing legal proceedings that concern said jockeys, the gravity of the allegations and the damage they would cause to the image, legality and safety of horse racing, as well as the organisation of any bets pertaining to horse races, the commissioners have decided to suspend, as a precautionary measure and for a duration of six months, the aforementioned jockeys' authorisation to ride, in accordance with the provisions stated in article 216 of the French horse racing code.
“These measures may be lifted or extended at any time, taking into consideration any additional elements that may be brought to the attention of France Galop's commissioners.”

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