Magic Millions Classic – World’s Richest Race?

January 7, 2010

DEPOSIT $100 to get

$250

*In Bonus-bets

View Offers

deposit $50 bet with

$200

*In Bonus-bets

View Offers

deposit $25 to get

$75

*In Bonus-bets

View Offers

deposit $250 to get

$250

*In Bonus-bets

View Offers

Magic Millions Classic – World’s Richest Race?

Billionaire business man and horse racing enthusiast Gerry Harvey, along with his Magic Millions thoroughbred sales partner John Singleton, have their sights set on building their Magic Millions Classic race for two-year-olds into the richest thoroughbred event in the world.

The highly anticipated Magic Millions Race Day, run by the Gold Coast Turf Club, takes place this Saturday headlined by the BMW Magic Millions Classic. This year the event is worth $2million, still an impressive purse, however Harvey and Singleton have proposed to increase these stakes to a record $11 million next January.

Currently Australia’s richest race and the world’s richest handicap, the $6 million Melbourne Cup, to become seemingly insignificant in the face of a jaw-dropping $11 million feature. The Magic Millions Classic would also surpass the $10.9million Dubai World Cup.

But the famous tycoons aren’t putting up the whole amount. Harvey and Singleton have said they will put $5.5million towards the increase and have appealed to the Queensland Government to use taxpayers’ money for the remainder.

If the Gold Coast were to host the world’s richest race, it would have a hugely positive effect on the entire horse racing industry in Australia. Already the Magic Millions carnival injects millions of dollars annually into the Queensland economy, and for the state to host a world-class race of an even larger calibre, it would ensure the sustainability of racing in the country for the foreseeable future.

The Queensland Government, however, has not jumped at the idea.

UPDATE – Queensland Government Rejects Magic Millions Increase Proposal

The Queensland government today has rejected the proposal by Gerry Harvey and John Singleton to use taxpayer’s money to increase the prize money of their Magic Millions Classic race to a hefty $11million for next year’s carnival.

Acting Queensland Premier Paul Lucas made the decision that it was not up to the Government or the taxpayers to put such a large figure towards a purse for the Magic Millions, despite the fact that the Magic Millions carnival contributes over $50 million into the Queensland economy each year.

Racing fields and data are copyright 2011-2018 © Racing Australia Pty Ltd (RA) (and other parties working with it).
Racing materials, including fields, form and results, is subject to copyright which is owned by RA and other parties working with it. Full copyright notice.

Spring Racing

The Everest 2018 Ultimate Goal...

Capacity 2018 Perth Cup Field ...

Capacity 2018 Perth Cup Field Released

Ascot Racecourse in W.A. hosts one of the summer’s highlight races on New...

2018 The Everest Next Sydney R...

2018 The Everest Next Sydney Race for Viddora

Ace young South Australian trainer Lloyd Kennewell has confirmed his Group 1...

Vega Magic Injured But Still S...

Vega Magic Injured But Still Scaling The Everest 2018

A freak accident in the paddock last month has ruled the Lindsay Park-trained...

Snoopy Could Miss Wet 2017 Geo...

Snoopy Could Miss Wet 2017 George Moore Stakes

Heavy midweek rainfall in Brisbane has put the George Moore Stakes 2017 run of...

Horse Racing Today

Pierata heads up final field f...

Full field of 16 plus 5 emerge...

Full field of 16 plus 5 emergencies for 2018 Magic Millions 2yo Classic

The David Atkins trained Jonker will carry the number one saddlecloth in the...

Pierata chasing huge payday in...

Pierata chasing huge payday in 2018 Magic Millions 3yo Guineas

The Greg Hickman trained three year old Pierata is in the running for a huge...

Magic Millions 2yo Classic fan...

Magic Millions 2yo Classic fancies hoping for middle of the field barriers

Connections of the two favourites for the 2018 $2m Magic Millions 2yo Classic...

Peters has 4 runners in 2017 K...

Peters has 4 runners in 2017 Kingston Town Classic

Prominent Perth owner Bob Peters has four runners to try to give him his fifth...

Race Results

Viewed Victorious in Caulfield Cup

Race 1 Result – $101 500 AGL Renewable Energy Stakes – She’s Got Gears Wins

Race 2 – $101,500 Schiavello Plate – Avienus Wins

Race 3 – $101 500 Lavazza A Modo Mio – Linton Street Wins

Race 4 Results – $151,500 Listed Herald Sun Stakes – Strawberry Field Wins

Race Previews

2009 Caulfield Cup Barrier Draw Announced

Who Are the Top Contenders for Tomorrow’s Caulfield Cup?

Victoria Derby in sight for Onemorenomore

2009 Melbourne Cup Field

Eclipse Stakes Final Field & Preview

Fields & Form

Can Kelinni Win Sydney Cup 2013 for the Punters?

Moroney Gets into Queensland Derby 2013 Rhythm

Buffering Draws 7 – 2013 BTC Cup Final Field and Barrier Draw

SA Fillies Classic 2013 Field Released

13 two-year-olds in 2013 Champagne Classic Field