The Magic Millions Carnival, held on the Gold Coast every January, is set to become the country’s richest day of racing in 2016 due to a joint venture between Racing Queensland and Magic Millions that will continue for at least seven years.
The race meeting will now be worth a total $10 million, over double what’s on offer at the 2015 race day in three weeks’ time, making it one of the world’s top ten racing events.
The Magic Millions 2YO Classic (1200m) will carry prize money totaling $2.5 million (up from $2 million) while the 3YO Guineas (1400m) will see its prize money double to $2 million.
Other races that will see their worth bumped up to six figures include the Open Sprint (1100m), Stayers Cup (1800m), Trophy (1400m), Fillies and Mares Handicap (1300m), and a new event for QTIS bonus eligible horses. Considering they are worth approximately $200,000 at the present time, these races are likely to see a huge increase in interest.
“The phenomenal support and foresight of Racing Queensland, in concert with Magic Millions, has created the Magic Millions $10 Million race-day,” Magic Millions Managing Director Vin Cox said via TVN.
“The combined vision is a game-changer for Queensland racing, for the Gold Coast and for the Australian thoroughbred industry as a whole.
“The partnership with Racing Queensland is long-term, which invigorates thoroughbred racing for the current generation of industry stakeholders, as well as creating momentum and motivation for the next generation of Queenslanders and Australians committing to a thoroughbred industry career.”
Racing Queensland chairman Kevin Dixson believes the momentous prize money will “set the bar” in Australian Racing and attract the best horses from around the world.
“This is a monumental day for the Queensland racing industry,” he said.
While the 2016 Magic Millions is set to be an unprecedented race meeting, the 2015 race day on January 10 remains an exciting and lucrative event with $4.7 million on offer in prize money.
With betting markets open for the 2YO Classic and 3YO Guineas open now, get your bets in at Ladbrokes.com.au.