Prize money at races tops the £10m mark

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Prizemoney on offer at Newmarket’s two racecourses will top the £10 million barrier this season for just the second time in history.

For the first time since 2009 prize-money levels across the 39 days of racing at both

the Rowley Mile and the July Course, which are run by the Jockey Club, will top the £10 million mark, due to an overall rise in the levels of investment.

The 2014 figure of £10.07 million represents an eight per cent increase on the 2013 total of £9.3 million, while it shows a 45 per cent rise on the £6.95 million that was on offer a decade ago in 2004.

“We are delighted to be able to announce such excellent news regarding our 2014 prize-money,” said Amy Starkey, Newmarket Racecourses boss.

“The overall increase to in excess of £10 million reflects The Jockey Club’s commitment to invest in British racing.

“This on going support is clearly emphasised by the 10 year prize-money at Newmarket Racecourses.

“Despite the economic challenges that many businesses currently face, the figures underline how The Jockey Club prioritises investing in the sport of horseracing.”

The two day Guineas Festival at the Rowley Mile in May, which features the 2000 and 1000 Guineas, will see prize-money figures go up from £1.31 million to £1.38 million, a rise of five per cent.

Increases will also be seen at the prestigious three-day July Festival, which features the Group One Darley July Cup, with this year’s figure of £1.64 million up six per cent on last year’s levels.

Two race days will also be worth more than £1 million each including Dubai Future Champions Day in October, which is to be run on a Friday for the first time, and will include three Group One races.

The meeting, which will take place on October 17, will form part of the Weekend of Champions initiative, with QIPCO British Champions Day to follow on 24 hours later at Ascot.

Further details relating to specific prize-money figures for each of the nine Group One races staged across both tracks will be announced in early spring.