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Melbourne Cup prize money: How much does the winner take home?

The Roar The Roar 1/11/2016

Kerrin McEvoy on Almandin is congratulated by Joao Moreira (HK) after winning Kerrin McEvoy wins Emirates Melbourne Cup. © John Donegan/Getty Images Kerrin McEvoy on Almandin is congratulated by Joao Moreira (HK) after winning Kerrin McEvoy wins Emirates Melbourne Cup. Every year racing fans across Australia and the globe pause and turn their focus to Flemington for the running of the Melbourne Cup.

The race is Australian horse racing’s richest, with a purse totalling $6.2 million (AUD) ($NZ6.4 million).

In 2016 the race has drawn an incredibly strong international field, with horses trained out of Europe, America, Japan and New Zealand all making the journey down under for the chance to etch their name in racing history.

In its 156-year history, the Cup’s prize money has increased dramatically from a few hundred pounds and a gold watch for first place in 1861 (no prizes for second or third back then!) to a prize pool of $6.2 million split ten ways.

The complete breakdown of the Melbourne Cup purse for 2016: 

Place

Prize Money

1st

$3,600,000

2nd

$900,000

3rd

$450,000

4th

$250,000

5th

$175,000

6th

$125,000

7th

$125,000

8th

$125,000

9th

$125,000

10th

$125,000

Total

$6,000,000

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