The Melbourne Cup is Australia’s richest race each year with prize money for the race totalling $6 million dollars. The prize pool is split into ten different sums for the first ten horses to cross the finish line in the race.
The amount on prize money is so great in the Melbourne Cup that finishing tenth gets connections, jockey and trainer $125,000 which is as good as winning many Listed or Group races during the year.
The prize money for a horse that finishes in the top ten is split into three parts:
- The riding jockey of the horse receives 5% of the prize money.
- The trainer of the horse receives 10% of the prize money.
- The owner or owners of the horse receive the remaining 85% of the earnings.
Melbourne Cup prize money disbursement: