Boost to prize money from September

Minimum race values are set to increase from September 1 after the Horserace Betting Levy Board agreed to contribute £26.2million to its prize-money allocation for the last four months of the year.

Prize money was cut following the Covid-19 shutdown earlier this year, with HBLB spending around 25 per cent more than usual since the resumption on June 1, but it has now committed to an increase of 50 per cent on what was originally allocated for racing in September to December.

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