Watch Live Racing FREE!
Sign-up now and Watch every Race Live and Free on your Phone!
Best Odds with Top Tote+ and Bet Back Offers!
Register at Australia's #1 Online Bookmaker!
Price Boosts, Racing Backups, Fluc Up!
Sign-Up to Australia's Fastest Growing Online Bookmaker!
Odds Boosts, Racing Offers, Massive MULTIS!
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.”

Featured News

Free List of the Best Racing Bets and Bonus Offers

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

Popular female jockey could be forced to retire

Popular female jockey Nikita Beriman will miss the Spring carnival and may be forced to retired after battling an ongoing...

Mustajeer’s odds slashed for Caulfield Cup, Melbourne Cup

After winning the Ebor Handicap at York overnight, Mustajeer is now $15 equal favourite at TAB for the Caulfield Cup...

Samadoubt causes upset in Group One Winx Stakes

Tim Clark has pulled off a major upset in the first Group One race of the season with a bold...

Deprive wins controversial Show County Quality

Rachel King and Godolphin sprinter Deprive have renewed their winning association – but only just. In a finish that had...

The Everest could be an option for impressive Libertini

The return of boom filly Libertini was expected to be one of the highlights on Winx Stakes day at Randwick...

Social media blows up over photo finish decision

The controversy at Randwick has continued following an upheld protest in the Up And Coming Stakes a photo finish in...

Glen Boss blows up over protest decision

A protest which was upheld in the Up And Coming Stakes has caused a stir in the stewards room and...

TAB records their biggest ever winning price

One lucky punter has kicked off their Wednesday with an incredible win from a 50c bet on the Mohawk trots....

Officers bust participants in Queensland raids

Queensland Racing Integrity Commission officers have found five trackwork riders tested positive to prohibited substances during a raid at the...

Memsie Stakes

The Memsie Stakes is a Group l sprint race and is the first Group l of the Melbourne Springย racing season....

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.