Stakes 2012-2013 per province

Western Cape

53 million

KZN

80 Million

PE Racing

34 Million

Gauteng and Kimberly

139 million. Probably about 12 million of this kimberly

An here we are 8 years later

Western Cape

39.4 million STD 26% down

KZN

69.7 million STD 13% down not as catastrophic as the other provinces

PE

27 million STD 21% down

Gauteng with no Kimberley

91 million STD 35% down


and u wonder why we have bomb results. How else do people making a living from horse racing keep the lights on.
Just leave it hear

Wonderful 🤦‍♂️

Wonder how this compares with train costs and purchasing prices


Sent from my iPhone using Tapatalk

You would also have to compare the number of trainers, jockeys, horses and owners...if these numbers also reduced, then it evens out, more or less.

The simple measure that I use as an owner is the number of months training costs are covered by an average winning stake ( ignoring features).
When my first horse went into training in 1996, a win covered 12 months training costs. 10 years ago it was down to 6 months. In CT now it is only 3 months.
Back then it was straight forward to get your horseracing losses as a tax deduction against your other earnings. Now, after a few years of losses, you get ring fenced.

That makes a whole lot of sense, from the owners perspective.