From 1 July 2017, Racing NSW will introduce a 33% increase to the race fields fees charged to Betfair for its Standard meetings, increasing fees from 1.5% of turnover to 2.0%.
Additionally, some Standard meetings will be upgraded to Premium meetings attracting a higher fee of 2.5%. Racing NSW has a further category, Premier, which has a rate of 3.0%.
The cost of Racing NSW racing was already high. At current MBRs, the fee increase now makes Racing NSW racing the most expensive product in the world that Betfair offers to its customers.