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Racing in New South Wales has seen its fair amount of financial injections in recent years so it should come as no surprise that one of its major races is seeing a further funding boost and will now over take the Melbourne Cup in Prize Money.

Golden Eagle set for prize money boost

Sydney will now be able to hold bragging rights for the two richest races in the southern hemisphere after the Golden Eagle’s prize pool was increased to and eye watering $8m for 2022.

The Golden Eagle will now only be bested by The Everest in prize money but solidifies itself as the second richest race with the latest round of funding.

The time honoured Melbourne Cup had for many years been the premier race in Australia when comparing prize money, however the recent spending exploits of Racing New South Wales have seen it drop to third richest race with $7.75m prize money.

Racing NSW boss Russell Balding was understandably enthusiastic about the increase in prize money. 

“The Golden Eagle has been a stunning success both on the track and through wagering, with this increase reflecting what an instant hit the race has been,” Balding said.

“The race has clearly resonated with the racing public and has cemented its place in our expanded Sydney spring carnival.”

A unique and impressive feature about the Golden Eagle is that 10% of the prize purse is allocated to charities chosen by the owners of each runner, meaning next year $800,000 will be allocated to charities across Australia.

This year when I’m Thunderstruck won the Golden Eagle, the ownership group allocated their $410,000 in prize money towards Camp Quality, a charity that will put the money towards services and programs that support children living with cancer and their families.

Amazingly with the Golden Eagle and The Everest being such juvenile races they have quickly established themselves as elite level races on the racing calendar driving the top two wagering days in the NSW racing calendar. 

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