On 20 April, the Hong Kong Jockey Club announced an increase in prize money for the 2022/2023 Race Season, which will increase to a record 1.62 billion Hong Kong dollars in the coming season, an increase of 11.5% (about HK$167.2 million), and will bring a series of adjustments, including a substantial increase in prize money for various races and the introduction of a new special prize system.
The announcement of the above-mentioned significant investment by the Hong Kong Jockey Club clearly demonstrates that the Club's vision is beyond the challenges posed by the current epidemic and reaffirms the Club's long-term strategy of encouraging horse owners to invest in quality horses through appropriate structures to consolidate the foundation of Hong Kong's world-class horse racing.
▲Group photo of the 2021 Longines Hong Kong Cup award ceremony
"The big increase in the bonus is to return the horse owner!"
Commenting on the challenges posed by the COVID-19 pandemic, The Chief Executive Officer of the Hong Kong Jockey Club, Mr Ying Ka-pak, said: "The past two and a half years have been one of the most challenging moments in the history of horse racing in Hong Kong. Nevertheless, we are able to continue to host events, for which we would like to thank the industry for their full cooperation. ”
"Different anti-epidemic measures, such as travel restrictions, have made it difficult for horse owners and trainers to go to overseas auctions in the last two horse seasons to find racehorses. In addition, we face greater competition in the search for good foals due to higher prize money around the world, especially in Australia, the main source of local horses in Hong Kong. The growing popularity of overseas horse racing groups, their reluctance to sell their foals, and the high competitiveness of buying horses in Middle Eastern countries have made the situation more difficult. ”
▲Ying Jiabai Image from Racing Post
"We are aware of the existence of these factors, but are convinced that the impact is of a short-term nature. Horse racing in Hong Kong is known for its high standards, is internationally recognised and enjoys a leading position in the world of horse racing. The Hong Kong Jockey Club also successfully led the development of the large international confluence pool, which became today's global confluence pool. We are confident that Hong Kong horse racing can take it to the next level and are committed to achieving this goal by investing not only in the optimisation of the racecourse and training facilities in Sha Tin and Conghua, but also in the overall total prize money, thus providing a return on the investment in quality horses. ”
"We took a thorough look at the prize money and reward structure and decided to continue to invest in future development, so we significantly increased the prize money, and under the special prize system, we offer additional rewards for events on specific routes."
The New Malaysia Season prize money has increased by almost 90% over the past decade, and the total prize money for the Hong Kong International Has Risen to 110 million
Hong Kong's 2022/2023 race season will continue to host the world's most lucrative 1200m, 1600m and 2000m turf first class races, while the total prize money of the four first prizes of the up-to-season Longines Hong Kong International Event will increase significantly by HK$10 million from this season to a new high of HK$110 million.
Last year's "Only Love You" Competition Longines Hong Kong Cup (2000m) will provide a total prize of HK$34 million in the coming season, an increase of 13.3%, the total prize money of the First Class Longines Hong Kong Mile Championship (1600m) will increase by 15.4% to HK$30 million, while the world's sixth-highest prize money will increase the total prize money of the 2400m First Class Longines Hong Kong Bottle (2400m) by 10% to HK$22 million.
▲The scene of the last Longines Hong Kong Cup
Ying Jiabai pointed out that Hong Kong's local elite events play an important role in the global horse world, especially Longines' Hong Kong international competition.
He said: "Longines Hong Kong International Is widely recognised as the premier event in the global horse world, with a total prize money of HK$110 million in the coming season, demonstrating that the Hong Kong Jockey Club has spared no effort to attract and reward the world's top players. ”
Prize money increase (tiered rounds)
The Queen's Jubilee Memorial Cup (1400m First Class) will continue to be the world's most lucrative 1400m event with a prize fund of up to HK$12 million. As for FWD Champions Race Day, the Chairman's Short Distance Award (1200m First Class) with a prize of up to HK$20 million has once again become the second highest prize in the world after Longines Hong Kong Short Distance Championship (1200m First Class, with a prize money of UP TO HK$24 million).
The prize money for the Second and Third Divisions will also be raised to HK$5 million and HK$3.9 million respectively, representing an increase of 5.3% and 5.4% respectively.
Bonus increase (per shift)
*1000m to 1400m races
Prize money for Hong Kong races has increased by almost 90% over the past decade, with prize money increasing for each of the 88 race days of the coming season, from First Class to New Marseille.
In order to solve the structural problem of the number of horses, especially the downward trend in the number of high-class horses and middle-distance horses, the Hong Kong Jockey Club has decided to introduce a new bonus and special bonus system.
Under the new two-tiered model of distance division, the total prize money for the first race from 1000 m to 1400 m will be raised to HK$3.465 million, an increase of 10%, while the prize money for the first race from 1600 m to 2400 m will be increased by 20.6%, from HK$3.15 million to HK$3.8 million.
Prize money increased (1st to 3rd races from 1600m to 2400m)
The prize money for the second race will be similar, with prize money for the 1000m to 1400m races being raised by 10% to HK$2.64 million, while the prize money for the 1600m to 2400m race will be further increased by HK$500,000 to HK$2.9 million, an increase of 20.8%.
A similar increase will be made in prize money for the third race, with prize money for the 1000m to 1400m races increasing by 9.87% to HK$1.725 million, while the prize money for the 1600m to 2400m race will increase by HK$330,000, an increase of up to 21%.
The prize money for the fourth and fifth races will be increased by 3.85% respectively to HK$1.08 million and HK$810,000 respectively. The prize money for new Marseilles increased by HK$30,000 to HK$880,000.
The Hong Kong Jockey Club is committed to enhancing the value of horse buyers' purchases by significantly strengthening incentive measures and adding a special prize of HK$1 million to the self-purchased horses that win the third race for the first time.
In addition to a special prize of HK$1 million for the first time winning a self-purchased racehorse, the foal will also receive an incremental prize of HK$1 million if he wins the second race or above for the first time in the same period when he or she scores 80 points or more.
In the coming season, a self-purchased new horse that wins the second class or above with a rating of 80 points or above before the age of 5 will continue to receive a special prize of HK$1 million.
"We have full confidence in Horse Racing in Hong Kong!"
At this year's Hong Kong Pyridon (2000m), the "Romantic Warrior" (No. 2) from the Hong Kong International Horse Auction finally defeated the big hit "California Planet" (No. 1) to win the first place with the horse's head advantage, and won the bmw Hong Kong Pyridocy Competition for the first time for trainer Shen Jingjing and jockey Tian Tai'an. The "Romantic Warrior" also became the first Hong Kong international horse auction foal to take the finale of the four-year-old horse classic race series.
For the 2022/2023 season, new horses at the Hong Kong International Horse Auction or horses purchased from the Hong Kong International Horse Auction will continue to receive a special prize of HK$600,000 if they win the third race with a score of 60 points or more before the end of the entire season of service. In addition, if the horse wins the second race or above with a score of 80 points or above before the age of 5, it will receive an incremental prize of HK$400,000.
▲"Romantic Warrior" wins the 2022 BMW Hong Kong Pyridocy Competition (2000m)
In order to make the chances of special bonuses for imported horses in the Southern and Northern Hemispheres more even, the duration of the bonuses will vary. Horses born in the Southern Hemisphere are eligible to participate in the Special Bonus Scheme for Self-Purchased Races and New Horses Purchased before the age of 5, while horses born in the Northern Hemisphere are eligible to participate in the Self-Purchased Races and New Horses Special Bonus Schemes for Horses Purchased and Purchased by winning the second race or above by 80 points or above before the end of the Hong Kong Horse Season in the year of age 5 (no later than 16 July).
"The Hong Kong Jockey Club is committed to making strategic investments in bonuses, incentive systems and racecourses and training facilities to attract owners to invest in quality horses," said Ying Ka Pak. ”
"The above initiatives also reflect our confidence in Hong Kong horse racing as a global leader and will help us enhance the experience of horse fans and maintain the trend of rising gambling taxes over the past decade, with the Hong Kong Jockey Club paying a record gaming tax of HK$23.8 billion last year."
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