The Owner

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 initial lodgement covers your registration fee and leaves funds in your account to cover the cost of your first run. A full list of the Registration and Annual fees can be viewed here

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

The minimum total prize fund for any race in Ireland is €10,000. The prize fund increases depending on the type of race. Prize money is allocated to connections up to 6th place. On average 70% of owners win prize money in Ireland. 

A detailed breakdown of prize money allocation and deductions charged can be found on the RAS website. Please see an example of the prize money allocation below. 

*Owner Industry deductions include race entry fee and contributions to IHRB, Stable Staff and Jockey Emergency Fund. A full breakdown can be found on the owners RAS account.  

** Jockey deductions vary depending on agent, valet fees, VAT etc.

Prize money is lodged directly into the owner's Horse Racing Ireland Account. 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 personal 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 can pay their trainer directly or through their HRI account. To pay through your HRI account owners should submit an invoice (containing owner name) to the Client Accounts team ([email protected]), who will facilitate their request.