The total purses for the Breeders' Cup World Championship have been raised to $20 million, $6 million more than last year. Seven of the eight Breeders' Cup races have increased their purses.
The Breeders' Cup Classic which is powered by Dodge has increased its purse to $5 million that means $1 million more than last year. The horse race will take place on November 4th, at Churchill Downs in Louisville, Kentucky.
Breeders' Cup races have doubled their purses since its beginning in 1984, when they started with a $10 million purse.
Last time purses increased was before the 2003 Breeders' Cup when the Breeders' Cup Mile and the Breeders' Cup Juvenile were increased to 1.5 million dollars.
This situation is turning the Breeders' Cup into the richest race of all, giving its property even more value than ever. It is formed by eight races: the Breeders' Cup Juvenile Fillies, the Bessemer Trust Breeders' Cup Juvenile, the Emirates Airline Breeders' Cup Filly & Mare Turf, the TVG Breeders' Cup Sprint, the NetJets Breeders' Cup Mile, the Emirates Airline Breeders' Cup Distaff, the John Deere Breeders' Cup and the Turf Breeders' Cup Classic - Powered by Dodge.
This race is a determining factor in Horse of the Year honors. The Breeders' Cup World Thoroughbred Championships is a series of thoroughbred horse races sponsored by the National Thoroughbred Racing Association.
It is a one-day event that takes place every year at a different location. It has always taken place in the United States; the one year that was in another country was in 1996, when the races were at the Woodbine Racetrack in Canada.
The horse racing event was created as a championship for North American thoroughbred racing, but it also attracts top horses from other parts of the world, especially Europe and during recent years, the Middle East.
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By: Julie Smith