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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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Remington’s ThoroEnduro Returns Sept. 10

ThoroEnduro, the free online handicapping contest at Remington Park, returns for the ninth consecutive year Friday, Sept. 10 and will continue through Dec. 17. ThoroEnduro offers more than $9,000 in prize money with a $4,000 Grand Prize. ThoroEnduro, open to anyone 18 and older, will also offer a $1,000 bonus to the contestant who correctly picks the most winners during the course of the game. Prize money will also be awarded to players finishing second through seventh. For more information or to sign up/register for ThoroEnduro visit www.thoroenduro.com or www.remingtonpark.com.

ThoroEnduro, powered by 123 Racing, is presented by Remington Park's educational handicapping partner Horse Player Now.

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Prizemoney Boost For July Festival

Prize-money for Newmarket's three-day Moet & Chandon July Festival has risen by almost 13% on the values originally listed for this year.

The increase means that more than £1.77 million will be on offer across the meeting, with the G2 Tattersalls July S., G2 Duchess of Cambridge S., and G2 bet365 Superlative S all now being worth £90,000, having previously been advertised at £65,000.

The G3 Bahrain Trophy receives an extra £25,000 and is now worth £150,000, and the Listed Sir Henry Cecil S., previously £40,000, is now up to £52,000. All handicaps at the meeting will be run for a minimum of £25,000.

“The Moët & Chandon July Festival is our summer flagship event on the July Course and I am pleased that we are able to offer this increase in prize-money,” said Michael Prosser, Clerk of the Course at Newmarket and East Region Head of Racing for The Jockey Club.

“The Covid-19 pandemic, with many months of behind-closed-doors racing, has obviously been an extremely challenging time for everyone involved in racing and it has been a priority for us to increase prize-money levels as soon as possible. The £1.77 million on offer this year takes us back to just 5.5% below the pre-pandemic prize-money levels available at the Moet & Chandon July Festival.”

He added, “As a major festival, it was particularly important for us to keep prize-money levels competitive for all contests and that is why we have ensured that there is now no handicap worth less than £25,000 and the three Group Two juvenile races are now all up to £90,000. I would like to extend our thanks to everyone who has made this possible and the ongoing support of our principal July Festival sponsors–Moet & Chandon, Darley, bet365 and Tattersalls.”

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Royal Ascot Purses Increased To $7.13 Million For 2021

Prize money for Royal Ascot 2021 is today announced at £6 million (US$7.13 million) over the week – a 66% increase on the £3.61m (US$4.21m) offered in 2020. The Royal Meeting will take place from June 15 to 19 and the full order of running with race values for the extended program announced in January is available here.

The King George VI & Queen Elizabeth QIPCO Stakes, which takes place in July, will be run for £875,000 (US$1.04m) (2020: £400,000 (US$475,500)).

Guy Henderson, Chief Executive Officer at Ascot Racecourse, said:

“In 2020 we had hoped to offer record prize money of more than £8 million (US$9.51m) at the Royal Meeting. In the event the pandemic made that impossible and we have now spent nearly a year racing behind closed doors with trading income down 80 percent. This year's prize money of £6 million represents 75 percent of what we had originally planned for 2020.

“With restricted attendances in 2021 and pandemic insurance cover no longer available, the business will need to absorb a significant loss this year in order to deliver our wish to support the industry with the most prize money that we can prudently afford. Whilst Covid-19 has knocked back our long term financial trajectory by several years, our aim is to make the largest steps we can towards getting prize money levels back on track as soon as possible.

“Without owners we would have no racing. We are very grateful for their commitment and thank them for their support. We look forward to being able to increase prize money further as soon as it is possible for us to do so.

“We are also very grateful to our official partners, QIPCO and Longines, as well as our official suppliers, sponsors, broadcast partners and betting media partners. All of their support is deeply appreciated.

“We at Ascot much look forward to being able to welcome back our racegoers in June and delivering a special week of racing, both for those who are able to be with us on site and the many millions who will be with us in spirit through our broadcast and digital channels.”

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