The Experience

At the time of registration with Horse Racing Ireland, a minimum lodgement of €500 (€1,000 for clubs & companies) is required to keep a working balance in the account This covers the registration fees as well as future charges such as:

Racehorse owners have access to the online RÁS system that acts in a similar way to a personal online banking system. Owners can manage and view all transactions on https://admin.hri-ras.ie – this is a free service and full information can be obtained from the Client Accounts team on +353 (0)45 455444.

In the event of prize-money being won, all such funds are lodged directly into the owner's Horse Racing Ireland Account. However, to allow for routine testing, these funds are only available for withdrawal seventeen days from the winning race-day. To withdraw these funds, each owner must have registered their own banking details with Horse Racing Ireland - this registration requires submitting a header of their bank statement that clearly displays their name, IBAN and account number. Owners generally provide all this information at the time of their actual Owner Registration. 

The registration charges have been reduced by over 30% by Horse Racing Ireland in recent years. A full list of the Registration fees can be viewed here, some of which will not relate to every owner:

Racehorse trainer fees vary considerably from trainer to trainer depending on any number of factors. Daily rates can on average range from €45-€60 per horse which would include some well-known and proven trainers. The average monthly fee to train a horse in Ireland is €1700 a month including training fees, basic veterinary and transport. We advise however asking your trainer for a full breakdown of costs before entering an agreement. Details on trainers can be found in our Racehorse Trainer Section.

Entry and declaration fees vary depending on the race type, but a general guide to the cost of running in a race is:

 **Higher charges apply for pattern, group and listed races.
 #Subject to VAT 13.5% if the jockey is VAT registered