The Canberra Racing Club has secured high profile betting agency Tabcorp as the sponsor of The Federal races held at Thoroughbred Park.

Introduced at the beginning of 2018, The Federal has had impressive fields over the initial 3 races, with this Friday being the first linked with the TAB name.

Turnover on the first 2 meetings in January which have included Federal races have been incredibly positive with growth on the competitive meetings in 2017 of 15%.

Club CEO Peter Stubbs said "The Federal is quite an exciting concept for thoroughbred racing in the ACT and $50,000 certainly puts us at a level above many of the states and territories outside Victoria and New South Wales.   We were hoping to attract a significant sponsor and TAB fits with the race perfectly.

"We're hoping it's a name that becomes synonymous with Canberra racing the same way the Highway and the Everest have and over time people recognise the TAB Federal as good prize money that can be won on every race program."

Prize money is a significant economic driver of the racing industry and is important that the ACT thoroughbred racing industry have similar opportunities to that on offer at other racing jurisdictions.

An official presentation will be made after each TAB Federal in the Mounting Yard.