Horse Racing Ireland (HRI) has announced its 2025 budget, which includes a return to pre-pandemic prize money levels for Listed and Group 3 races. The total prize money budget for the upcoming year is set at €70.9 million, marking an increase of €1 million from the 2024 allocation. Additionally, the organization is focusing on key strategic areas such as equine welfare, sustainability, and infrastructure development. These investments aim to strengthen the industry and attract both national and international participation.

Enhanced Prize Money for Key Races

The 2025 budget brings a notable boost to prize money for specific racing categories. Both Listed and Group 3 races will see a 20% increase in their minimum prize pools, returning to pre-COVID-19 levels. This adjustment reflects HRI's commitment to supporting high-quality racing events and enhancing the attractiveness of these competitions. The financial incentives are expected to draw more participants and elevate the prestige of Irish horse racing.

To be more precise, Listed races will now have a minimum prize fund of €45,000, up from €37,500, while Group 3 races will receive a minimum of €60,000, compared to the previous €50,000. This significant uplift not only restores prize money to its 2019 standards but also aims to bolster the competitiveness and appeal of these races. By aligning the prize structures with pre-pandemic levels, HRI seeks to reinvigorate interest among breeders, trainers, and owners, ultimately contributing to the overall health and growth of the sport.

Strategic Investments in Infrastructure and Sustainability

Beyond prize money, the 2025 budget allocates substantial resources to critical areas that support the long-term viability of the industry. Key projects include the redevelopment of the Irish Equine Centre and the establishment of a People Campus at RACE in Kildare. These initiatives prioritize the well-being of both horses and people involved in the sport. Furthermore, plans are underway to construct an all-weather track at Tipperary, pending government approval, which will enhance training facilities and racing opportunities.

HRI's strategic plan emphasizes sustainability and digital transformation as vital components for the future. The organization is dedicating funds to promote environmentally friendly practices and modernize its operations through advanced technology. Efforts to inspire and attract new participants are also highlighted, with continued support for breeding incentive schemes and marketing campaigns aimed at increasing engagement. Additionally, the creation of a high-performance unit and rehabilitation center underscores HRI's commitment to nurturing talent and ensuring the mental and physical well-being of industry professionals. These comprehensive investments are designed to fortify the industry's foundations and ensure its enduring success.