The mile-and-a-half race began in 1981 and has been run every year since. ItвЂ™s an invitational contest, limited to 18 places, offering participants a share of the $5.8 million prize pot. JapanвЂ™s richest race is held every year at Tokyo Racecourse, with the worldвЂ™s best three-year-olds and above descending on the countryвЂ™s capital. READ: Enable and Dettori set for historic third Arc bid The pair are set to return to attempt a вЂњthree-peatвЂќ in 2019. Legendary jockey Frankie Dettori holds the record for most race wins, securing his sixth on defending champion Enable in 2018. The вЂњArcвЂќ has been held at leafy Longchamp for more than 150 years and brings in the very best Europe has to offer. The Prix de lвЂ™Arc de Triomphe is a mile-and-a-half test of speed and stamina for three-year-olds and above, with the winner earning $3.2 million out of a fund of $5.6M.ДЄfter a $145 million facelift, ParisвЂ™ Longchamp Racecourse once again hosts the iconic race after a two-year residency at Chantilly. The glitz and glamor of the European racing world unite once a year for the continentвЂ™s richest horse race. Uniquely, the race is held at a different location each year and has only once been hosted outside of the USA - the 1996 edition was held in Ontario, Canada.

The mile-and-a-quarter event run on dirt has been in existence since 1984, and the latest edition was won by the aptly named Accelerate. Restricted to three-year-olds or above, the race is considered the unofficial fourth leg of the prestigious Triple Crown and is often a big factor in deciding Horse of the Year. The BreedersвЂ™ Cup Classic attracts the best thoroughbreds, with the winner being treated to just over half of the $6 million prize pot. READ: How Frankie Dettori has become a вЂslaveвЂ™ to the flying dismountД«ack to the United States for another giant in the world of sprint racing. The EverestвЂ™s prize pot is set to rise to $14 million in 2019 and $15 million in 2020. Race organizers hiked up the prize money in 2018 with the winner swiping $4.5 million.

There are 12 places up for grabs, each costing the owners $600,000, but the payoff can be huge. ThereвЂ™s only been one winner of the race since its inauguration in 2017, with Redzel clinching back-to-back titles. ItвЂ™s only been in existence for two years but has already surpassed the Melbourne Cup as the countryвЂ™s richest race. Run over six furlongs, The Everest brings the worldвЂ™s top sprinters together at Royal Randwick, Sydney. Run over mile-and-a-quarter (10 furlongs), the race invites four-year-olds or above from the Northern Hemisphere and three-year-olds or above from the Southern Hemisphere.ДЄustralia hosts the worldвЂ™s richest race on turf. It celebrated its record seventh victory in 2018 as Thunder Snow, trained by Saeed bin Suroor, set a new dirt-track record. Godolphin, the racing stable of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, has particularly enjoyed the event. The prize fund has been boosted to $12M and the winner of the 2019 edition will take home an eye-watering $7.2 million. Held at the Meydan Racecourse, United Arab Emirates (UAE), the Grade 1 race has been run every year since 1996, marking the end of the UAE racing season.

The revamped Pegasus World Cup Invitational will command a prize fund of $9 million with $4 million going to the winner, while the turf race will offer a pot of $7 million with the winner bagging $3 million.Д®ntry to each race costs $500,000 with an owner scooping a bonus $1 million if they win both events.Дue to the new format of the Pegasus World Cup, the Dubai World Cup can now regain its position as the richest horse race in the world. However, for 2019 the prize pot will be split across two Grade 1 races - the Pegasus World Cup Invitational and the new Pegasus World Cup Turf Invitational over 1 3/16 miles. The winner, Gun Runner, collected an astonishing $7 million in 2018. The nine-furlong (1в…› miles ) race is run over a dirt track at Gulfstream Park, Florida and is intended as a showdown for experienced racers of four years old or above.ДЇor its second running in 2018, the prize pot was boost by $4 million to $16 million with an entry fee for each of the 12 slots of $1 million. Introduced in 2017 as the richest race on the planet, the Pegasus World Cup is the epitome of American lavishness. Visit cnn.com/sport for more news and videos Here is a look at some of the richest events on the horse racing calendar. Simply put, the sport of kings can yield a kingвЂ™s ransom. In 2018, the Pegasus World Cup boasted the highest prize money in the world with bumper prize money of $16 million. Prize funds are growing, and in a select handful of uber-rich races the pot can be eye-popping. In horse racing, the rich tend to get richer.

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