The recent announcement of an additional incentive scheme in Victoria has repositioned the state as the premier racing region for breeders and owners.
When the VOBIS Gold scheme kicks off in the 2012/13 racing season it will be 25 years since the original VOBIS hit the industry and 16 years since Super VOBIS became what it is today.
In that time the two schemes have delivered $103 million in bonuses to owners, trainers, jockeys and breeders. With the introduction of VOBIS Gold, that figure will swell by upwards of $8 million per year.
Thoroughbred Breeders Victoria have been working on a program to compliment Super VOBIS for almost two years so funding promises made by the Coalition Government to the breeding industry were music to TBV’s ears.
The next challenge that presented itself was how the $6.8m over four years could best serve breeders in Victoria and encourage new participants to compete in the state. That answer became apparent when analyzing the drivers within the industry, the same drivers that delivered the original VOBIS scheme a quarter of a century ago.
Returning additional prizemoney to owners who purchase Victorian-bred yearlings increase the demand for those horses, and it is hoped, increases the value of that bloodstock.
Breeders who race their own stock can also take advantage of both schemes by receiving the Nominator Bonus in Super VOBIS and the Owner’s Bonus in Super VOBIS and VOBIS Gold.
VOBIS Gold will offer $20,000 bonuses across all ages, classes and tracks, plus an annual $1 million VOBIS Gold Only race series, which will be held across city and country racecourses.
Under the scheme, the owner of a qualified horse winning a standard $12,000 Victorian country race with a VOBIS Gold and Super VOBIS bonus attached will collect $25,235 compared to $6,825 for an unqualified horse.
“VOBIS Gold is a brilliant system which will provide a real boost to the Victorian racing industry by encouraging owners and trainers to not only purchase Victorian bred yearlings but to also race their horses in Victoria, particularly at country racecourses,” Minister for Racing Denis Napthine said.
“VOBIS Gold will help to produce more Victorian born and bred champions of the turf like Black Caviar.
“Under VOBIS Gold, owners of horses already eligible for the existing Super VOBIS program will pay a one-off nomination fee of $1100 that will give owners even more opportunities to share in prize money bonuses in specific races throughout the state.