In a blow to racehorse owners, prize money is set to fall substantially in November due to a drop in betting turnover and an ongoing tussle with Gauteng gambling authorities.

Phumelela Gaming & Leisure, one of the main horse racing operators in SA, said on Monday that it would slash prize money 13% due to a decline in tote revenue in the 2018/2019 racing season and the withholding of the Gauteng provincial levy.

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