Racing NSW's Breeders and Owners Bonus Scheme is set for a major boost, with the body announcing increases in bonuses for horses involved in the program.
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The scheme was established in 2003 to encourage owners and trainers to race NSW-bred horses, with cash bonuses handed out to winners registered with the program.
New platinum and gold categories will be added to the program, while the existing bonuses will be referred to as BOBS silver and will continue to apply to the races that already carry the bonuses.
The BOBS platinum and BOBS gold races will be open to all horses that have been nominated for any BOBS series and will also apply for the first time to horses aged four years and older.
The platinum category will be worth $100,000, with silver worth $50,000 to the winners of selected races.
The BOBS platinum and BOBS gold bonus races will be held at locations throughout NSW, in all sectors.
Owners winning platinum bonuses may forego the cash payment and double up their bonus to $160,000, which can be used to buy or breed a thoroughbred making the total BOBS platinum bonus up to a possible $180,000.
Similarly, owners winning BOBS Gold bonuses may double up their cash bonus to $80,000, with the total BOBS Gold bonus offered, being up to $90,000.
It is hoped the new categories will encourage owners to continue racing horses beyond their five-year-old seasons.
The changes will take effect from January 3 2020, with the new bonuses on offer at Kembla Grange from January 29.
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