A century-old sport, horse racing attracts millions of fans and punters worldwide. Besides the incredible wagering opportunities it offers through AmWager and other online bookies, it attracts millions of dollars in investments every year. Additionally, the sport is often known as the “Game of Kings” thanks to its ability to yield serious financial returns for the trainers, jockeys, and owners. 

Here are the world’s five richest horseracing events on the sports calendar. 

  • Saudi Cup

An international horseracing event hosted in Riyadh (Saudi Arabia), the Saudi Cup promised great prizes since its inaugural run in February 2020. The Saudi Arabian event ranks as the most valuable horseracing tournament ever organized, with Maximum Security winning the first edition under jockey Luis Saez

 This year, Saudi Arabia announced the race’s second renewal, with a boosted prize pool of $30.5 million instead of the $20 million reward available last year. The Saudi Arabia jockey club has already confirmed that the event will be happening on 19th – 20th February 2021. 

  • Dubai World Cup

First held in 1996, The Dubai World Cup is an annual UAE-based horseracing event that displays some of the world’s best racing challenges that draw the attention of millions worldwide. The 25th edition of this prestigious horseracing event will be hosted on Saturday 27th March 2021, showcasing nine races with the most popular names in horseracing.  

The Dubai World Cup operates under the Emirates Racing Authority, featuring nine races with eight thoroughbred contests and a single purebred Arabian contest. This race carries a $12 million purse since its 2019 running, making it among the world’s richest horseracing event. 

  • The Everest

This Australian Turf Club thoroughbred horseracing event is hosted at the Randwick Racecourse in Sydney, with $14 million in prize money. The Everest is hosted as the feature race for the Sydney Spring Carnival in October, with a similar entry fee structure like the Pegasus World Cup. Gelding Classique Legend won last year’s event under jockey Kevin McEvoy, proving to be the best among 12 horses racing on turf. 

  • Breeders’ Cup Classic

The Breeders’ Cup is a classic thoroughbred horseracing tournament for 3-year-old horses and older, running through 2000miles on Dirt. The annual event is held in October or early November, with all the races hosted in the US since 1996. The Breeders’ Cup classic is currently seen as the thoroughbred Grand Slam’s fourth leg, with $7 million in the purse.

  • Pegasus World Cup

An American Thoroughbred horseracing tournament, the Pegasus World Cup, came to life in January 2017 with the inaugural event hosted in Gulfstream Park in Florida. The race is run over Dirt over 1.125 miles (9 furlongs), featuring 4-year-old horses and older. 

For its inaugural event, the Pegasus World Cup offered a $12 million prize purse, surpassing the Dubai World Cup as the world’s richest horseracing event. However, the race reduced the prize pool from $16 million offered in 2018 to offer $9 million in 2019. This drop didn’t stop there, as only $3 million was in the prize purse last year.