Business of Horse Racing
With the dust of this weekend’s Dubai World Cup just starting to settle, we take a look at the global business of horse racing, the jockeys and the up to AED73 million horses at the heart of it all.
March 24, 2011 3:28 by shafeer
Horse racing has evolved as a sport to become a billion-dollar industry all around the world—here is a look at some of the most anticipated horse races around the world:
-The Melbourne Cup: Inaugurated in 1861, this sophisticated race has become one of those competitions to see and be seen. The prize money is more than $6 million (Australian dollars).
-The Kentucky Derby: The most popular event on the racing calendar—from what Kipp can gather, if you’re not into the Kentucky Derby, you’re not into racing. The race is held at Churchill Downs in Louisville, Kentucy and is part of a weeklong celebration involving fireworks, parades and parties for the Louisville residents. The prize is set at $2 million.
-The Royal Ascot: Held in the Ascot, England, this race consists of 24 major races over four days and is always attended by the Queen. And the coveted prize is estimated at GBP4 million.
-The Belmont Stakes: Held at Belmont Park, Elmont in New York every year, the race is the last in the triple crown series. In all its 140 years of running, only 11 horses have actually won the Triple Crown (which involves winning first at the Preakness and the Derby)
-Prix De L’arc De Triomphe: held in Paris every year the race course is about a mile and a half long and grants its winner a $10.5 million
-Dubai World Cup: In comparison to the other global horse racing greats, the Dubai World Cup is still relatively very young, beginning only in 1996. But what the race lack in age they sure make up in style: with women in the fanciest of hats and dresses gracing the track every time around-but more on this in the next slide.