Racehorsemeds.com is obviously a big fan of horse racing. And why not? Horse racing is a sport that carries with it a lot of pride. Winning a race like the Kentucky Derby (the most popular race in the United States), for example, is considered the ultimate dream for American horse owners. Well, starting in 2019, the Kentucky Derby is worth $3 million. But that is not even close to making it into the top five when it comes to the world’s most lucrative horse races. Presenting to the racehorsemeds.com blog reader: The richest events in horse racing.
The world’s richest race title, at least in 2019, belongs to (of course) the Dubai World Cup. One way for less famous races to attract more attention is to offer huge purses. New contests are trying to make their mark using the power of the dollar.
The Dubai World Cup: $12 million US
When the Dubai World Cup debuted in 1996, it wasn’t taken too seriously. Fast forward to today, it is one of the most respected races in the world. Two decades ago, money did all the talking. The race offered a $4 million purse, which was a record at the time.
With international races, depending on the country, top-class horse races carry grade or group classifications. The best of those earn a Grade or Group 1 designation. When the Dubai World Cup was new, and the quality of its horses unknown, it was not designated a Group 1 until 1998. Because the race was held in Dubai, travel for any competitors outside the United Arab Emirates would be difficult.
Cigar, the best horse in North America, showed up for the inaugural race and won. His presence helped establish the Dubai World Cup, as a legitimate competition. The purse increased to $5 million in 1999, $6 million in 2000 and a whopping $10 million in 2010.
The Dubai World Cup held its title as the world’s richest horse race until losing that title in 2017 to the Pegasus World Cup Invitational in Florida. This year, however, the race offers a $12 million purse and the number one top spot once more. Scheduled for this coming Saturday, the winning horse will receive $7.2 million of the pot, making it the most valuable single payday for a horse. Godolphin’s Thunder Snow won last year’s race, and he is back this year, looking to become the first repeat winner.
The Everest: 14 million Australian ($9.9 million US)
Inspired by the Pegasus World Cup in North America, Australia created its own purse-heavy race in 2017. Held in Sydney, the Everest a 1,200-meter sprint is the richest turf race in the world. and it is a 1,200-meter sprint.
The first Everest was worth ten million Australian dollars, and much like the Pegasus, it required stakeholders to put up $600,000 Australian dollars for a spot. Redzel won the first Everest in October 2017 and won again in 2018. Because the race is new, it does not carry a Group 1 designation. The next Everest is scheduled for Oct. 19.
Last year, the Everest’s purse was increased to 13 million Australian dollars, and it is scheduled to be worth 14 million this year. The race is devised to have a purse increase every year until it reaches 15 million in 2020.
From its inception, the Everest has been more financially valuable than Australia’s most famous race. The Group 1 Melbourne Cup, which was first held in 1861, was worth 7.3 million Australian dollars in 2018.
The Pegasus World Cup Invitational: $9 million US
Like the Dubai World Cup, the Pegasus is also a dirt race, but it is held at a shorter distance. It was given a Grade 1 classification immediately because the race took it from the now-defunct Donn Handicap, which was also run at Gulfstream. Cigar won the Donn twice, including in his final start before winning the 1996 Dubai World Cup.
The Pegasus is not organized in a typical fashion. Originally, twelve shareholders were required to pay $1 million months in advance to buy a place in the starting gate. As the race drew closer, if they did not have a suitable runner, shareholders could lease out their spot. That figure was dropped to $500,000 this year.
The Pegasus World Cup Turf Invitational: $7 million US
In 2019, Gulfstream Park decided to introduce the 13/16-mile Pegasus World Cup Turf Invitational to showcase grass runners on the same day as the original Pegasus. The turf race was first held in January and was worth $7 million.
Bricks and Mortar, who had never won a Grade 1 race, claimed the pot. The Pegasus World Cup Turf was able to run with a Grade 1 designation because it was previously known as the Gulfstream Park Turf Handicap.
A Rich Pair: $6 million each
The Dubai World Cup is not only the richest but also the anchor race to the richest day of racing. A full card of valuable races is held every year, and this year they are worth a total of $35 million.
The day features six Group 1 races, and two of them, the Dubai Sheema Classic and the Dubai Turf, are worth $6 million each.
Both races have changed since they were inaugurated. The Dubai Turf was held in 1996, the first year of the Dubai World Cup, but it was known as the Dubai Duty-Free through 2014 and originally run on dirt before being moved to the grass in 2000. The Sheema Classic was first held in 1998 and originally called the Dubai Turf Classic.
The Breeders’ Cup Classic, which jumps around North America, also has a $6 million purse and Grade 1 status. Its first run was in 1984 and is scheduled to be held Nov. 2. It became worth $6 million in 2016.
So in the end, racehorsemeds.com has shown you the most expensive race purses in the world. It should make sense that the health of your horses is a very big deal. This is why these purses are so high. If you need the best in joint & pain supplements, blood builders, bleeding products, vitamins and post-race recovery supplements then you must shop at racehorsemeds.com for all of your horse racing product needs.