Prize Money split Melbourne Cup 2023 – incentives for winning.

Incentive pay Melbourne Cup 2023

Our office had a discussion yesterday regarding who gets what in relation to the prize money split from yesterdays race.

Obviously, the jockey, trainers, etc are all already receiving some sort of market rate of renumeration regardless of a win or a place.

Meaning the Jockey gets a $220,000 bonus and the trainers Anthony and Sam Freedman a $440,000 bonus. Not a bad pay day at all!!

85% going to the owner Sheikh Mohammed Obaid Al Maktoum, a member of Dubai’s ruling family whose yellow-with-black-spot silks have become a fixture on British and Irish racetracks.

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The 2023 Melbourne Cup is worth a total of $8 million and is the world’s richest handicap horse race.

The race is now worth a total of $8 million, and the famous 18ct solid gold Hardy Brothers trophy is worth an extra $250,000. The total was increased from $7.3 million in 2019.

The winner of the Cup gets $4.4m of that pool, second place $1.1 million, third $550,000, fourth $350,000, fifth $230,000, and sixth to 12th $160,000.

The champion jockey receives five per cent of the prize money and a miniature Melbourne Cup trophy worth $10,000.

Trainers receive 10 per cent of the prize money and a separate replica trophy, and the connections collect the rest (85 per cent).

The horse’s strapper also gets a replica Melbourne Cup trophy valued at $5000.

Each year two identical trophies are crafted in case there is a dead heat in the Cup, but that has never happened.

The first Melbourne Cup in 1861 was worth 750 pounds to the winner, plus a gold watch.