Ascot announces record prize money for 2018
Ascot Racecourse has announced that prize money for 2018 for its 25 racedays (excluding the industry-owned QIPCO British Champions Day) will be a record £13,452,000.
This represents an increase of £1.2 million, 10% up on the 2017 figure of £12,229,000.
Royal Ascot will be worth over £7 million for the first time at £7,305,000 (2017: £6,665,000, +10%) whilst the King George VI & Queen Elizabeth Stakes (Sponsored by QIPCO) in July is up £100,000 to £1,250,000, the most the race has ever been run for.
No race at Royal Ascot will be run for less than £90,000 (2017: £80,000) and Group One prize money now begins at £500,000 (2017: £400,000).
Guy Henderson, Chief Executive at Ascot Racecourse, said: "Under our statutory racing trust, all of Ascot's returns are invested for the benefit of horsemen, our racegoers and off course followers, both in the UK and internationally.
"In order to continue to attract the best horses to run at Ascot, and with the Royal Meeting a shop window for international investment in British racing, it is important that we offer as competitive prize money as we can, particularly at the high end.
"It is therefore pleasing to be able to announce, through balanced progress, that Ascot is able to offer record prize money alongside our other investments and continuing to reduce our Grandstand debt on schedule."