Prize money in racing has received significant boost from Levy Board
Significant prize money increases have been agreed across all levels of British racing for 2013.
Last Updated: 07/11/12 3:56pm
The Levy Board's total allocation to prize money will be £50.2 million next year, markedly up from £38.9m in 2012.
The sector with the biggest increase will be in the Board's Basic Daily Rate (BDR) allocation, the main part of which will increase by £8m to £35m.
Each racecourse receives a cut of the BDR which relates to its performance in prize money contributions and how much betting turnover it generates.
There is also an increase of £1.6m in the contribution towards high-class races through the Quality Support Fund.
Also the Racing and Betting Special Incentive Fund, which saw matinee fixtures introduced this year, along with other initiatives, will continue.