Ascot Prize-Money Increases to £17.5 Million Next Year

The total prize-money at Ascot Racecourse in 2024 will increase to £17.5 million, the racecourse announced on Wednesday. This marks a 3.9% increase on 2023's total of £16.8 million.

Royal Ascot's prize-money has been raised to an even £10 million, with no races contested at less than £110,000, up from £100,000. All Group 1 races at the iconic stand will be worth £650,000, an increase of £50,000 per race. The affected races include the King Charles III S. (formerly the King's Stand S.), the St James's Palace S., the Gold Cup, the Commonwealth Cup, and the Coronation S.

Nick Smith, Director of Racing and Public Affairs at Ascot Racecourse, said, “We are pleased to be delivering these prize-money increases in 2024 against a backdrop of uncertainty and an unprecedented number of negative headwinds for the industry. The financial impact on all facets of the industry is already being acutely felt.

“It is, however, crucial for Royal Ascot to maintain its position on the global stage at a time when participants at home and abroad have so many alternative lucrative options away from Britain.

“Whist the main increases have been made to the Royal Meeting to enable us to get to £10 million for the first time, we have made increases in other areas of the programme as well.

“These include increases to fit with the new Premier fixture structure, including at the Dubai Duty Free Shergar Cup, where there is a particular focus on maintaining full fields.

“Importantly, no race at Ascot will be run for less than in 2023 including at our Core (non-Premier) fixtures. This is in spite of a reduction in central funding to this element of the programme, which has therefore required further increases in executive contribution.”

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Prize-Money Boost For Haras de Bouquetot Criterium Arqana

The Haras de Bouquetot-Criterium Arqana has had its purse increased to €300,000 from €280,000 thanks to the 303 colts and fillies entered at the latest entry stage. The 1600-metre race is part of the Qatar Prix de l'Arc de Triomphe weekend, and will be held on Oct. 1, the day before the Arc. Prize-money will be distributed down to eighth place as follows:

  • 1st place: €150,000
  • 2nd place: €78,000
  • 3rd place: €42,000
  • 4th place: €18,000
  • From 5th to 8th place: €3,000

Declarations will take place on Sept. 29 at a cost of €500 per horse, and there will be a free forfeit stage with France Galop on Tuesday, Sept. 27.

Arqana President Eric Hoyeau said, “The Criterium has been a very popular format since its inception and this year's strong entries are testament to that. We are delighted to be able to increase the overall prize-money to €300,000. We look forward to meeting again at ParisLongchamp next October and to expanding this feature from 2023 with the launch of the Arqana Series.”

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Prize Money Boost for French 2yo Races in 2021

Following a board meeting on Monday, Oct. 12, a stimulus package with the goal of boosting the number of juveniles in training was approved by France Galop. This stimulus package is aimed primarily at reversing the effects of the COVID-19 pandemic on French racing and to support owners and breeders who wish to invest in France in the future. The main decisions decided upon by the France Galop board are as follows:

  • Increase the owners’ premiums for French-bred 2-year-olds from 60% to 70% in 2021, and for French-bred 3-year-olds in 2022.
  • Add 25 new maiden races for 2-year-olds in 2021.
  • A new programme for 2-year-old maidens, sired by stallions based in France or abroad, whose covering fee did not exceed €10,000 at the time of conception.
  • Waiving of training centre fees for yearlings and 2-year-olds until the month of March.
  • Work started earlier this month on a one-mile long, 15-foot wide woodchip uphill track at the Chantilly training centre, which will be finished in the spring of 2021.

Currently, the French juvenile programme contains 557 races, of which two-thirds are either maiden, unraced or early conditions races (Class 2), which collectively carry prize money of €15.4 million. For more information on these decisions, please visit www.france-galop.com.

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