The upcoming mega horse in Australia confirmed, the event is well known as the “Melbourne Cup”. This year’s event is sponsored by Lexus and it is named “Lexus Melbourne Cup 2023”. It’s a 3,200-meter-long horse race. The final venue for the race is decided and it will held on 7 November, 2023 at Flemington Racecourse Melbourne, Australia. Melbourne Cup prize money and jockey bonuses were reported.
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How Much is Melbourne Cup prize money adjusted for the year?
It’s confirmed that the Melbourne Cup prize money hike by $8m for the year 2023. Which makes it the second most expensive race in Australia. Before this race, Everest held the most expensive title with prize money worth more than $14m.
How many winners of the Melbourne Cup will earn?
It’s confirmed that the Melbourne Cup winner earned more than $4.4m. The winning horse jockey will receive a 10% share of the prize money which is worth $440k.
What will be a share of the Runner-up in the Melbourne Cup?
The horse who finished second in the race is awarded a purse of $1.10m. Third place horse share will be $550k.
What will earning 4th place and 5th place horses in Melbourne Cup?
The 4th place horse in the Melbourne Cup is rewarded with a prize fund of $350k and the 5th place horse will earn a share of $230,
From position 6th to 12th the reward remains the same and each of them earns a share of $160k. If any changes are made to the current competition prize fund details provided here later.