The runner-up will net a cool $2.4 million, a significant $260,000 increase on last year’s cheque – and not far behind the winning $3 million bounty for victors of the Caulfield Cup or Cox Plate.
For the first time in Australian racing history, the slotholder and connections of the first four horses across the line will all take home a cheque worth seven figures.
PRIZE MONEY FOR THE EVEREST IN 2020
- First – $6.2m (up $150,000)
- Second – $2.4m (up $260,000)
- Third – $1.3m (up $60,000)
- Fourth – $1m (up $100,000)
- Fifth – $750,000 (up $70,000)
- Sixth – $500,000 (up $50,000)
- Seventh-12th – $450,000 (up $50,000)
The third-placed horse will earn $1.3 million (up $60,000 from last year) and fourth finisher $1 million (up $100,000).
Racing NSW and the ATC have also provided another substantial rise for horses which finish among the tailenders, offering $450,000 for the seventh to 12th placed finishers.
It’s an increase of $50,000 on last year’s prizemoney and reduces the potential of losses for slotholders, who are asked to outlay $600,000 each year for a position in the invitation-only race.
Racing NSW chief executive Peter V’landys insisted recently The Everest would stay at $15 million despite the crippling financial effect of the COVID-19 pandemic.
Tabcorp is the only slotholder to have locked in a horse for this year’s race, agreeing a deal with Australian Horse of the Year-elect Nature Strip, which ran fourth in last year’s race behind stablemate Yes Yes Yes. Chris Waller’s colt never raced again after injuring a tendon.
The most pleasing aspect about The Everest is that it is an event that has been designed for the younger demographic.
Racing NSW and the ATC are hoping to have unrestricted crowds at Randwick on October 17 for The Everest, despite a recent spike in COVID-19 cases in Victoria slowing down the nation’s recovery.
The Everest will be held on the same weekend as the NRL preliminary finals.
“The most pleasing aspect about The Everest is that it is an event that has been designed for the younger demographic,” V’landys said.
“The under 35s have really engaged in The Everest and made it their own generational event. Like it or not the under 35s don’t readily engage in traditional events which they view as associated with their parents and they want their own independence.
“The Everest is bold, brash and disruptive all key ingredients to that appeal to this demographic. We know from the data collected on race day highlights that 80 per cent of attendees are under 35 so the Everest has done its job.”
Adam Pengilly is a Sports reporter for The Sydney Morning Herald.