The money spent on racehorses is shocking. At the most recent Keeneland Sale, a yearling colt sold for $4.1 million. It’s shocking when you consider the possibility that the colt will never win a race. On the other hand, he could be a champion, in which case, he may compete in the Saudi Cup and other horse races with insane winnings.
Saudi Cup: $10 million
Most casual racing fans don’t know the Saudi Cup because it’s a new horse race. It also has the distinction of the highest purse. The inaugural race will take place on February 29, 2020. Many owners, trainers, and jockeys are already dreaming about what they’ll do if they win the $10 million first-place purse.
The Saudi Cup has insane winnings for a few reasons. Not only does this attract the attention of top owners and trainers, but it also triggers a great deal of media attention, which draws more spectators. The race will occur on a dirt track. In addition to the Saudi Cup, the day will include other races featuring some of the world’s top Thoroughbreds. The undercard races will be on both dirt and turf tracks.
Dubai World Cup: $12 million
The Dubai World Cup takes place at the end of March and currently holds second place for the highest purse at a cool $12 million. That’s a lot of sweet feed and racing shoes. One of the things that sets this race apart is the footing. The Dubai Cup occurs on turf, which doesn’t agree with all race horses.
Pegasus World Cup: $9 million
The Pegasus World Cup was the horse race with the highest purse, but the event was revamped in 2019. This resulted in the winning purse dropping from $16 million to $9 million. The Pegasus World Cup takes place at the end of January in Florida. It attracts the top racehorses and lots of fans as well as an outstanding entertainment lineup.
The cost of owning a race horse is astronomical. In addition to the purchase price, there’s the cost of care, training, and traveling. The reality is that many racehorse owners never get a return on their investment. Some are simply in it for the thrill of owning and racing these stunning animals.