how much is the everest horse race worth

The Everest horse race is worth a total prize pool of AUD 20 million in 2025, making it the richest turf race in the world. The race features 12 competitors, each represented by slot holders who pay a fee of AUD 700,000 to secure a spot. The prize money breakdown awards AUD 7 million to the first- place winner, with the prize money distributed down to 12th place. The winning owner receives AUD 5.81 million, the trainer AUD 700,000, and the jockey AUD 350,000, among other shares such as stablehands. In addition to the cash prizes, winners also receive highly valuable trophies, with the owner's trophy valued at AUD 625,000. The Everest is held annually at Royal Randwick in Sydney and is a key event in the Sydney Spring Carnival.