Tomorrow will mark the return of the popular 'Dig Out Handicap' to Caymanas Park after an absence of three years.
Track Price Plus Limited, one of the oldest bookmaking companies in Jamaica, has taken a decision to resume the $3.3m annual sponsorship.
Details of the sponsorship were outlined by representatives of Track Price Plus Limited and Caymanas Track Limited at Tuesday's launch in the Directors' Room at Caymanas Park.
As usual, the 'Dig Out Handicap' will be conducted on the last race of each programme with Track Price Plus offering $40,000 to the promotion each raceday.
Of this amount, $5,000 each will go to the owner, trainer, jockey and groom of the winning horse, while the remaining $20,000 will be retained by CTL for administrative costs.
The series will run from Saturday, September 1 to September of next year. Tomorrow's opening race will be contested by $180,000 claiming horses over 1400 metres.
BONUSES TO BE ANNOUNCED
According to CTL's racing secretary, Denzil Miller Jr, bonuses for owners, trainers, jockeys and grooms will be announced at a later date.
Amber Vicens-Stewart, chairman of Track Price Plus Limited, said her company is looking forward to the success of the promotion as well as improvement in the local racing industry.
She stressed the importance of unity going forward, noting that "We all have to pull together to ensure the survival and development of the industry."
Vicens-Stewart added that Track Price Plus will offer a five per cent bonus to the win dividend of the winner of the 'Dig Out Handicap' for its customers.
CTL, through its CEO Franz Jobson, said Track Price Plus Limited has again seen the wisdom of investing at the very core of the thoroughbred racing industry, the occupational groups.
"We thank Track Price Plus, and on behalf of the occupational groups, welcome their contribution … . If there is a time when all hands are needed on deck, now is that time," he said.