The Penguin Bowls Club has received a financial boost from the State Government to help stage its renowned Classic Pairs Tournament next year.

Premier Lara Giddings today presented $5000 to the club for what she described as one of the most prestigious events on Tasmania's bowling calendar.

Ms Giddings said the event which began 31 years ago is now the State's longest running and richest pairs tournament.

"The Classic Pairs attracts bowlers from around Tasmania and interstate who will all be vying for a share of over $12,000 in prizemoney," Ms Giddings said.

"The ongoing success of the tournament is a credit to the hard work and dedication of the club which has helped secure increasing sponsorship."

Ms Giddings said it was expected the 2013 Classic Pairs would see more than 250 bowlers in more than 130 teams competing.

"The event always draws bowlers from around Australia to the North-West Coast with more than 20 interstate teams expected to enter next year's tournament."

"The classic pairs is a tremendous event and there are also significant spin offs for the local economy," Ms Giddings said.

The tournament will be staged on January 28, 29 and 30 at five venues -  Penguin, South Burnie, Burnie, Ulverstone and Turners Beach bowls clubs.