Monday, 9 July 2012
Victorian jockeys will receive average annual riding fee increases of more than three per cent over the next three years, the state's governing body announced on Monday.
Under an agreement with Racing Victoria which will take effect from August 1, the first day of the Australian racing season, riding fees for the state's 145 licensed jockeys in 2012-2013 will increase from $171 to $175.
In the final year of the agreement in 2014-2015, the fee will rise to $186.
Riding fees for hurdle and steeplechase jockeys will increase from $345 to $360 next season and rise to $395 by 2014-2015.
"This three-year agreement recognises that our jockeys are professional athletes who play a pivotal role in the success and promotion of our sport," RV chief executive Rob Hines said.
"Our jockeys have made a commitment to support new initiatives to grow their profiles, and in turn that of the Victorian racing industry, through digital and social media and promotional appearances."
Victorian Jockeys' Association chief executive Des O'Keeffe said his members were pleased with the increases.
"The demands on riders continue to grow with an expanded night racing program and we believe this agreement suitably recognises that, whilst providing them with certainty for the next three years," he said.
Riding fees in NSW were increased from $162 to $170 on July 1 but a further rise to $175 is expected to be approved at Racing NSW board level next month.
A further increase has been mooted if Racing NSW can negotiate wagering taxation relief with the state government.
"We'll be seeking parity with Victoria if the industry does get some taxation relief," NSW Jockeys' Association president Mark Newnham said.