Tasmania will make Enduro World Series history in 2022, hosting consecutive meets.
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Hosting events in Maydena on March 25-27 and the Blue Derby Trails the following week, it will be the first time the series hosts back-to-back events in the same country.
Derby hosted rounds of the world series in 2017 and 2019, providing a welcome boost to the economy.
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"I am delighted that as part of the Tasmanian government's funding commitment of $475,000," Sarah Courtney said.
"As part of the Tasmanian Liberal government's election commitment, an additional $200,000 was provided to deliver the second Maydena World Series event.
"The Enduro World Series brings together the best international mountain bike racers to showcase Tasmania as one of the most iconic riding destinations in the world to participants, spectators, and a global broadcast audience."