Ascot Racecourse Announces Record Prize Money Of More Than $18.5M

Ascot Racecourse will offer record prize money of more than £13.4M ($18.5M) across 25 race days this year, excluding the season-ending British Champions Day, according to Aditi Prakash of REUTERS. Prize money at Royal Ascot, the annual showcase event held at the course, increased more than 10% to £7.3M ($10M), with the winner of each race guaranteed at least £90,000 ($124,000). The reward for Group One winners at Royal Ascot will start at £500,000 ($690,000). Ascot CEO Guy Henderson said, "In order to continue to attract the best horses to run at Ascot ... it is important that we offer as competitive prize money as we can, particularly at the high end" (REUTERS, 1/15).