Discover The Riches Of Melbourne Cup Prize Money In 2023

 

There will be a $8 million prize pool for the Melbourne Cup in 2023. enormously large!

 

Each horse’s connections receive a portion of the prize money: the owners receive 85%, the trainer receives 10%, and the jockey receives 5%.

 

The Cup’s main sponsor for this year is Lexus. Melbourne Cup prize money was $7.3 million before the most recent increase in July 2020.

 

$4,400,000 in cash will be awarded to the first-place finisher in the Melbourne Cup of 2023. That’s not all, though!

 

Melbourne Cup trophies are further given to the winning owners, trainers, and jockeys. There will also be a prize awarded to the winning horse’s strapper.

 

The victor of the 2023 Melbourne Cup will take home $4.4 million from the $8 million total prize fund.

 

Gold Trip Connections: Out of a $8 million total prize money, the 2022 Melbourne Cup winner took home $4.4 million. In addition to the $4.4 million awarded to the winner, there are prizes valued at $250,000.

 

The winning Melbourne Cup horse’s team will get a share of the $4.4 million in Melbourne Cup prize money awarded to the winner.

 

The remaining prize money is split among the surviving spots. $1.1 million will go to the second place, $550,000 to the third, $350,000 to the fourth, $230,000 to the fifth, and $160,000 to the remaining horses.

 

The Melbourne Cup field size for the Melbourne Cup is 24 horses. View the prize money breakdown below:

 

Place	Prize Money
1st	$4.4 million
2nd	$1.1 million
3rd	$550,000
4th	$350,000
5th	$230,000
6th – 12th	$160,000

 

$220,000 is the winning jockey’s prize money from the Melbourne Cup or 5% of the total payoff for first place. In addition, they get a $10,000 small replica cup.

 

In addition, the jockey will be paid around $258.50 for riding the horse on race day.

 

A whopping $440,000 will be awarded to the Melbourne Cup winning horse’s trainer.

 

The winning horse’s owner receives the 18-carat gold Melbourne Cup trophy, sometimes known as the “Loving Cup” due to its intricate handcrafted design. A tiny version of the trophy is given to the winning rider and trainer, while the Tommy Woodcock, named in honour of Phar Lap’s attendant, is given to the strapper.

 

Melbourne Cup Owners Trophy: $250,000 is the value of this trophy.

Miniaturised jockey and trainer equals a $10,000 prize.

$5,000 is the strapper’s trophy.

 

Every year, a brand-new trophy is created, and in the unlikely event of a tie in the race, there is also a second, similar prize. This isn’t as unlikely as it seems because two previous Cups have been determined by the narrowest of margins: in 2008, Viewed defeated Bauer, and in 2011, Dunaden narrowly defeated Red Cadeaux.

 

To see the Melbourne Cup Prize Pool breakdown, see the table below:

 

Place	Prize Money	Connections	Jockey	Trainer
1st	$4.4 million	$3,740,000	$220,000	$440,000
2nd	$1.1 million	$935,000	$55,000	$110,000
3rd	$550,000	$467,500	$27,500	$55,000
4th	$350,000	$297,500	$17,500	$35,000
5th	$230,000	$195,500	$11,500	$23,000
6th	$160,000	$136,000	$8,000	$16,000
7th	$160,000	$136,000	$8,000	$16,000
8th	$160,000	$136,000	$8,000	$16,000
9th	$160,000	$136,000	$8,000	$16,000
10th	$160,000	$136,000	$8,000	$16,000
11th	$160,000	$136,000	$8,000	$16,000
12th	$160,000	$136,000	$8,000	$16,000

 

In addition to receiving 5% of the winnings, jockeys typically are paid a nominal fee for scheduling the ride. In 2022, the winning jockey will get $220,000.

 

In addition, the winning jockey will get a $10,000 trophy and a little bonus for their ride.

 

10% of the money awarded as prizes in each race goes to the trainers. For their contribution to putting the horse over the finish line first, the 2023 Melbourne Cup champion trainer will thus pocket a substantial $440,000 in prize money.

 

In 1861, Flemington Racecourse hosted the inaugural Melbourne Cup, with a gold watch and 710 gold sovereigns as the prize.

 

As you can see in the Table below, it took some time for the prize money to begin increasing.

 

The Melbourne Cup winner would earn 200-pound war bonds during the Second World War (1942–1944).

 

The Melbourne Cup in 1985 marked the inception of Australia’s first horse event offering $1 million in prize money.

 

Twenty years later, the sum increased to $5 million, and as of 2019, the total prize money for all horses combined is $8 million.

 

To see a full breakdown of Melbourne Cup winners, check out our Melbourne Cup Results page now!

 

Year	Prize Money
2023-2019	$8.8 million
2018	$7.3 million
2017-2012	$6.2 million
2005	$5 million
2001	$4.035 million
2000	$3 million
1995	$2 million
1985	$1 million
1984	$525,000
1979	$310,000
1978	$210,000
1977	$156,700
1971	$102,000
1969	$77,000
1966	$62,000
1965	£30,750
1963	£25,000
1962	£20,750
1954	£15,500
1947	£10,000
1931	£7,000
1922	£12,624
1917	£7,779
1913	£9,519
1910	£6,178
1895	£3,667
1890	£13,230
1881	£2,105
1865	£1,034
1861	£710 & Gold Watch

 

Eighty-five percent of the $4.4 million given to the Cup winner will go to the connections of the horse who wins the Melbourne Cup in 2023. That implies that they will get an incredible $3,740,000!

 

When it comes to the world’s most lucrative horse races, the Saudi Cup is in the lead. However, there are a few others in close pursuit, three of them are from Australia. The world’s top five wealthiest horse races as of June 2023 are as follows:

 

1. Saudi Cup – $20 million USD ($28,812,839 AUD on June 20, 2022)
2. The Everest – $20 million AUD
3. Dubai World Cup – $12 million USD ($17,287,703 AUD on June 20, 2022)
4. The Golden Eagle – $10 million AUD
5. Melbourne Cup – $8 million AUD

 

Added to the $14 million in prize money is the magnificent $250,000 value of the Melbourne Cup Trophy.

 

The winning trainer and jockey are presented with smaller versions of the Melbourne Cup which are valued at $10,000 each. The strapper of the winning horse also receives a trophy worth $5,000.