Sports · Other Sports · 4 hrs ago
The Everest’s $20 million prize pool is split among racing connections
The Everest will be run at Royal Randwick on October 17, with 12 sprinters competing in what the story describes as the world’s richest turf race.
Its $20 million prize pool is shared across horses that finish in different places, not just the winner.
The winning horse’s $7 million is divided among its slot holder and owner, trainer, jockey and stable staff.
A winning jockey receives $350,000, while the trainer receives $700,000 and stable staff share $140,000.
The race has an unusual setup: 12 slot holders pay $700,000 each for a place and can choose a horse or make a deal with its connections.
There is no fixed split between a horse’s owner and the slot holder, so their private agreement determines what each receives.
Even horses finishing seventh to 12th earn $700,000 for their connections, though this does not guarantee the slot holder recovers the slot fee.
The story gives no further details about what happens after the race.
The Everest offers a $20 million prize pool, with winnings shared among slot holders, horse owners, trainers, jockeys and stable staff.
The winning horse’s $7 million prize includes $5.81 million allocated to the slot holder and owner, $700,000 to the trainer, $350,000 to the jockey and $140,000 to stablehands.
The split between a horse’s owner and its slot holder depends on a private agreement, with no universal arrangement.
Even runners finishing seventh to 12th earn $700,000 for their connections.
The race is scheduled for October 17 at Royal Randwick.
- Who
- The connections of 12 sprinters, including slot holders, owners, trainers, jockeys and stable staff.
- What
- The Everest’s $20 million prize pool is divided among racing connections. The share an owner receives depends on an agreement with the slot holder.
- When
- October 17, 2026.
- Where
- Royal Randwick, Sydney.
- Why
- The prize pool rewards the horses’ connections, while the race’s slot system requires agreements between slot holders and horse owners.
This story does not have two clearly opposing sides.
The Daily Mail published its breakdown of how The Everest’s prize money is allocated.
The Everest is scheduled to take place at Royal Randwick.
- Total prize pool
- $20 million
- Winning horse’s prize
- $7 million
- Winning trainer’s share
- $700,000
- Winning jockey’s share
- $350,000
- Winning stablehands’ share
- $140,000
- Race venue
- Royal Randwick
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