RACING Victoria Limited has announced the end of jumps racing.
Jumps racing will end in Victoria next year.
The board of RVL says a program of highweight races will be scheduled for 2011 to help jumps jockeys, trainers and horses go through the transition.
After giving jumps racing a 12-month lifeline in December, the RVL met this morning to release its findings on a report into last season's jumps racing.
Ballarat trainer Anthony Cosgriff, who has a stable which specialises in jumpers, is devastated by the decision.
''It's a huge blow to our business.''
He told The Courier he would have to re-assess his future in the racing industry.
Country Racing Victoria chief Scott Whiteman says the decision was ''unbelievable''.
''We are absolutely gutted by the decision and we can't believe it,'' Mr Whiteman told AAP.
RSPCA Victorian president Hugh Wirth says the animal rights group has battled against jumps racing since 1980.
''It's taken a long time, but this couldn't be better news,'' he told AAP.
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