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Magic Millions has announced a new date for the 2019 Tasmanian Yearling Sale.

The sale will now be conducted on Monday February 25. Accordingly the associated pair of Magic Millions races at Launceston will be run on Sunday February 24 on the Tasmanian Oaks program.

The two Magic Millions feature races have received significant prizemoney boosts.

The Magic Millions Tasmanian 2YO Classic will now carry prizemoney of $75,000 while the former 3YO Classic will also be open to four-year-olds.

It will be run as the Tasbreeders Magic Millions 3 & 4YO Classic with prizemoney boosted to $65,000.

The connections of the first three placegetters in both Magic Millions races will also receive sales credit vouchers to spend at the 2019 Tasmanian Yearling Sale.

"The Tasmanian Yearling Sale has evolved in recent years and it now regularly attracts buyers from all over Australia," Magic Millions managing director Barry Bowditch said.

"The new sale date provides our vendors with the best chance to showcase their yearlings and the buyers every chance to make it to Launceston.

"On behalf of Magic Millions I pass on my gratitude to both Tasbreeders and Tasracing who joined us in negotiating with many stakeholders in confirming the new sale date and ensuring the race programming amendments complement the Tasmanian Summer Racing Carnival for all participants."

Magic Millions has also announced a new long term arrangement to conduct of the Tasmanian Yearling Sale.

"This agreement highlights Magic Millions' renewed commitment to Tasmania and breeders in the state," Bowditch said.

"We are proud of the growth of the sale and the record of graduates over recent years."

The catalogue for the 2019 Tasmanian Yearling Sale will be released later this month.