Greyhound Racing NSW has announced a record increase in the prize money on offer, with a focus on regional participants.

Over the next 12 months, a record $33 million will be distributed to participants in the NSW industry starting July 1.

The majority of the $3.2 million increase will go to participants in regional communities.

Greyhound Racing NSW CEO Tony Mestrov tells Ray Hadley the winning prize money in regional provincial clubs will increase from $850 to $1500.

“This whole focus of the prize money increase is all about the regional people. We know people are struggling out there, we want them to stay in the industry.”

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