The prestigious National Greyhound Sprint and Distance Championships will return to Hobart for the first time in almost 30 years this month.

The Minister for Racing Bryan Green today officially launched the event to be hosted by the Hobart Greyhound Racing Club at Tattersall's Park on August 25.

"The championships will further boost the reputation of Tattersall's Park as one of the best and fairest greyhound tracks in the country and give our racing industry great national exposure," Mr Green said.

"This is one of the most celebrated events on the Australian greyhound racing calendar and will attract the best greyhounds in the country."

Each of the finals will be worth $75,000 to the winners with the total prize pool of around $115,000 for both races.

There will be eight runners in each final - one from every state, two from Tasmania and a wildcard entry.

Mr Green acknowledged the assistance of Tasracing particularly for developing and implementing a national marketing campaign to promote the event.

 "Whenever Tasmania hosts an event of this type the State and our racing industry benefit from the national media attention.

"The championships will provide significant spin-offs for the local economy with an influx of greyhound racing enthusiasts to Hobart for the races and supporting functions," Mr Green said.