Organisers of the Southern 80 water skiing event on the NSW-Victorian border say the race will not go ahead next year.

The news comes as the sport's governing body continues to investigate the event after the tragic death of Victorian skier Luke Wentworth at this year's February edition of the race. 

He was the seventh person to have died while taking part in the Southern 80 since 1987.

The race is held on the Murray River between Torrumbarry and Echuca.

Competitors race at speeds between 80 and 120 kilometres per hour and navigate 120 bends in the river.

Ski Racing Australia announced on Friday it would suspend all water skiing racing events until June 2025 as it and NSW Maritime investigated the sport.

Organisers of the Southern 80 posted to Facebook on Friday afternoon to say next year's event was off.  

"NSW Maritime and Ski Racing Australia are currently conducting investigations into our sport, which has led to the unfortunate decision by Ski Racing Australia to suspend all water ski racing events until 30th June 2025," the post stated.

"Sadly, this means that the 2025 Southern 80, which we were all looking forward to on March 21 to 23, will not take place."

'Huge blow' for region

Moama Water Sports Club president Steve Shipp said it was a sad development.

"It's one of those iconic events that brings Echuca and Moama alive and is great for both towns and the area," Mr Shipp said. 

"[It is] a real shame."

Mr Shipp said the event attracted about 30,000 people to the region and injected more than $10 million into the local economy.

"Not holding the event means we have got to sit on our hands for 12 months," he said. 

Event organisers said the Moama Water Sports Club would organise a gathering for ski racers and their families to celebrate what would have been the 60th anniversary of the Southern 80 on March 22.