Prize money across ARC racecourses to exceed GBP 35 million
News on 9 Apr 2018
News on 9 Apr 2018
Arena Racing Company (ARC) has detailed prize money across its 15 racecourses in excess of GBP 35 million during 2018.
In addition to ARC’s Executive Contribution, which has grown from GBP 11.3 million in 2015 to a planned GBP 17.5 million for 2018, the organisation has said working closely with other stakeholders in the sport and with the Government to extend the levy to remote betting will see levy yield increase by GBP 20 to GBP 30 million a year.
In addition, ARC will increase the value of its product with the further expansion and growth of its new media rights model through The Racing Partnership.
ARC Chief Executive, Martin Cruddace, said: “ARC is pleased with 2018 prize money levels. In line with the industry approach the significant increases in prize money is at the grassroots level and we look forward to measuring the impact this has on field sizes and ownership in the months and years ahead.”
