Best Odds with Top Tote+ and Bet Back Offers!
Register at Australia's #1 Online Bookmaker!
Watch Live Racing FREE!
Sign-up now and Watch every Race Live and Free on your Phone!
Back A Winner!
Sign-Up to Australia's Fastest Growing Online Bookmaker!
Back Yourself!
Sign-up and start betting with Ladbrokes in 2 minutes!
Best Of The Best Odds!
Bet With Palmerbet and get Paid Top Fluc or Top Tote!!
*Conditions Apply. Excl VIC, NSW, SA & WA. Gamble Responsibly
Image: Bruno Cannatelli
The Melbourne Cup has received another prize money injection

The Melbourne Cup has received another prize money injection, with the 2019 edition of Australia’s most famous race to be worth $8 million.

Victoria Racing Club chairman Amanda Elliott made the announcement on Tuesday, with the prize money increasing by $700,000 from the $7.3 million last year.

The connections of the winner will pocket $4.4 million, but Elliott says the prize money increase, which is the second increase in as many years for the Cup, is in no way a knee jerk reaction to recent prize money hikes in NSW for its revamped spring program.

In saying that, she also took a swipe at Racing NSW chief executive Peter V’landys, calling him “a silly little man making silly decisions” over the introduction of big money races in Sydney which clash with the Melbourne spring carnival.

“It is in no way a reaction,” Elliott said.

“That was ratified at a board meeting a month ago but we’ve been thinking about that, we actually thought about it last year as well.

“But we then thought, ‘why wouldn’t we make that announcement in the 100th year of the beautiful Melbourne Cup trophy? So that’s been on the cards for a long time.”

This year is the 159th Cup and marks the 100th anniversary of the three-handled Cup design.

The Melbourne Cup is the richest handicap in the world and the richest staying race.

“It is the race every Australian owner, trainer and jockey wants to win, and internationally, has become one of the most sought after prizes in world racing,” Elliott said.

“Connections cannot buy a place in the Melbourne Cup, it has to be earned.”

The $14 million The Everest in Sydney, which will have its third running this year, remains Australia’s richest race but the Melbourne Cup prize money lift takes it back above the newly created $7.5 million Golden Eagle for four-year-olds in Sydney.

The Golden Eagle is on the same day as the Victoria Derby program at Flemington, the first day of the Melbourne Cup carnival.

Elliott admits she is “disappointed” and “frustrated” by some of the Racing NSW initiatives with its newly created spring races, but is also confident they will not be a threat to the Melbourne Cup carnival’s standing.

“Mr V’landys says disruption is a good thing, well I’m not sure it is in the racing landscape,” Elliott said.

“Of course we all want to be better. But I don’t understand why you wouldn’t respect the pattern and the rhythm of racing so that all the participants can do everything, they don’t have to choose between running in a very valuable pop-up race to running on a day that’s regarded as one of the purist racing days on the calendar.

“I don’t see it as a threat. I just see it as regrettable, because you’re separating the horse industry population which is actually regrettable. That’s all I see it as.”

*Existing customers only. 2nd Racing bet. Excl SA & WA. T’s & C’s apply. Gamble responsibly.
Featured News

Free List of the Racing Bonus Bets and Offers

We take a look at the BIGGEST and BEST Free Daily Racing Offers and Betting Promotions from Australia’s leading online...

Owner banned over death of horse

An owner has received a 21 month ban from ownership following the body condition and subsequent death of a horse....

Star female jockey may not ride again

Star female jockey Raquel Clark is unsure if she will be allowed to get back into the saddle following her...

Australian G1 winner dies in Hong Kong

Victoria Derby winner Extra Brut has died in Hong Kong after being injured in an accident on a walking machine....

Watch: This’ll Testya shows she is something special

Boom mare This’ll Testya was sent out as the short priced favourite at Ascot and she lived up to her...

Champion mare Winx to be a mum

The owners of champion Winx are expected to confirm she is successfully in-foal to super sire I Am Invincible in...

Watch: Scary scenes as police open fire at stablehands

Races at Turffontein on Saturday night were delayed as scary scenes broke out across the racecourse after police opened fire...

Photographer hit by runaway horse

Watch: Photographer hit by runaway horse

A photographer has been taken to hospital after a horse broke through the running rail at an Irish meeting overnight....

Australian Bookmaker Reviews

Which bookmaker should you bet with? We Review each of the leading online Australian Bookmakers and rate them in order...

Copyright © 2019 Just Horse Racing.
All rights reserved - Privacy Policy

Gamble Responsibly 18+
*State exclusions apply to some offers. Please check T&Cs of each offer with the bookmaker. All Offers Exclude NSW residents.