New Zealand Racing Board has increased its funding by $24 million, which could spell good news for the Northland racing community.
The funding boost is to go towards increasing stakes and enhancing participation and investment in the racing industry.
Whangarei Racing Club General Manager Bill Colgan said this could be a good thing for Ruakaka, but it was a waiting game for now.
"The club is very pleased that the owners, breeders, trainers and riders will all potentially benefit from the significant increase in total prizemoney for the thoroughbred racing code," he said.
"Stake money is the core income for these participants, consequently, it is a major driver of their level of investment and commitment to the sport. Rising stake money will encourage their continued engagement, and hopefully attract more participants or greater involvement from those already engaged in the industry.