A major part of horse racing interest and economic importance lies in the big fat prize purse and live betting the world over. The equestrianism sport is usually considered a niche entertainment among the rich and aristocrats who flock to derbies to splurge millions into the wager. The top Jockeys in these races can easily earn over $15m in prize money in elite events.
Money is the key, if not sole, deciding factor for the goodwill, merit, magnitude, grandeur, competition, and success of a derby. The 2017 season has witnessed the DUBAI WORLD CUP being relegated to the second position in terms of race prize purse by the ₹77.07 crore ($12 million) Pegasus World Cup. The 2018 season is yet to unfold and the announcement of another event form Saudi Arabia has made the joy of being at the top a short-lived one for Pegasus Cup.
Insidesport.co brings to its readers TOP 5 horse races in the world in terms of PRIZE PURSE.
5. THE BREEDERS’ CUP CLASSIC
The Breeders’ Cup, run over a distance of 1½ miles by 3-year-old, generates significant rewards. With ₹38.53 crore ($6 million) in prize money on offer is positioned among the top 5 prize money equestrian events following the launch of The King Abdulaziz Horse Championship. All of the races to date have been held in the United States except for the 1996 edition held at Woodbine Racetrack in Toronto, Ontario, Canada. The Classic is considered by many to be the premier thoroughbred horse race of the year in the U.S.
4. THE EVEREST
The ₹50.48 crore ($7.86 million), 6-furlong sprint was introduced to Australia last year. The Group 1 Everest had immediately emerged as Australia’s highest prize money and No. 3 racing event in the world. However, with the emergence of the Riyadh event emerging at the top of the global racing calendar, The Everest will hold a penultimate position in the top five chart of world’s richest horse races.
3. THE DUBAI WORLD CUP
The Dubai Cup had till 2017 enjoyed the status of the richest race in Saudi Arabia and the second best in the world. The 2,000-metre race over sand awarded a purse of ₹64.22 crore ($10 million) as prize. The King Abdulaziz Horse Championship has now relegated the Dubai Cup to the second position in the Middle East and at No. 3 the world over. The event was relegated to the second position last year and a year later is all set to figure another rung lower, unless there is some surprise announcement with regard to the prize purse.
2. PEGASUS WORLD CUP
The Pegasus World Cup last year had displaced the Dubai World Cup as the world’s richest horse race. A season later, the prestigious and high profile race itself is displaced from its top position. The inaugural event in 2017 has paid out a crore ₹77.07 crore ($12 million) prize fund. Even as the prize purse for 2018 is a substantially raised to ₹77.07 crore ($12 million), the latest Gulf event has edged it out to be right at the top.
1. THE KING ABDULAZIZ HORSE CHAMPIONSHIP
₹ 109.18 crores ($17 million). This is the declared prize purse that makes The King Abdulaziz Horse Championship the richest horse racing event in the world. The King Abdulaziz Horse Championship, which is yet to make key announcements like distance, surface, home or date, aims to attract the best talent from the United States, the UK, and Japan. General Sports Authority of the Kingdom of Saudi Arabia has announced the race named after the Saudi King Salman bin Abdulaziz Al Saud. The Saudi General Sports Authority, with the announcement of the new race, aims to compete with the Kentucky Derby in size.