Many people are becoming richer and richer from horse racing as such a sport can bring great prizes and the ransom. The followings are the richest horse races in the world, including Saudi Cup and Pegasus World Cup.
1/ Saudi Cup
No horse racing in the world can bring lucrative prize money like Saudi Cup. The race took place at the King Abdulaziz Racetrack in Riyadh in February 2020 with a $20-million pot, announced by Prince Bandar bin Khalid Al Faisal.
The winning horse had a chain to gain $10 million prize money while the horses down to the 10th place earned the remaining $10 million. The race was held over nine furlongs with a total length of 1,800 meters and included a maximum field of 14 starters.
The race was free for the entrance, while the Jockey Club of Saudi Arabia funded the shipment of all invited horses.
2/ Pegasus World Cup
Debuted in 2017 as one of the richest races in the world, the Pegasus World Cup is the epitome of the U.S. lavishness. The race features experienced racers of over four years old.
At the second running in 2018, the prize pot increased by $4 million to $16 million with an entry fee of $1 million for each of 12 slots. Besides, the winner and Gun Runner collected about $7 million this year.
In 2019, the prize pot was divided into two Grade 1 races, namely the new Pegasus World Cup Turf Invitational and the Pegasus World Cup Invitational. Of which, the revamped Pegasus World Cup Invitational had a prize fund of $9 million, including $4 million for the winner while the turf race offers a pot of $7 million, including $3 million for the winner.
The entry fee of each race reaches $500,000, with an owner winning a bonus of $1 million if they win both events.