South Australia’s four Group 1 races will have their prize money doubled to $1 million this year following a sponsorship deal with wagering firm Sportsbet.

Black Caviar
Black Caviar features on the winner's list of The Goodwood (Photo: (Photo by Mark Dadswell/Getty Images)

The Goodwood and the Robert Sangster Stakes will return to the purse levels reached in 2017 and 2018 while the Australasian Oaks and South Australian Derby will offer $1 million for the first time.

It’s a move that promises to breathe new life into Adelaide’s racing carnival which opens with the Robert Sangster Stakes and Australasian Oaks meeting on April 27.

South Australia’s premier sprint race, The Goodwood, will close out three weeks of Group 1 racing on May 11.

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