About the Pegasus World Cup
1 Race. 12 Horses. $16 Million on the Line.
The Pegasus World Cup Invitational is a bold new entertainment event that is leading Thoroughbred horse racing back into the global spotlight. By creating the world’s richest race, The Stronach Group is on a mission to attract the best horses and owners from around the world, in turn offering fans a chance to experience horse racing like never before.
World’s Richest Race
In January 2017, the inaugural Pegasus World Cup and its $12 million dollar purse surpassed the Dubai World Cup as the world’s richest horse race. In 2018, the stakes were raised even higher. With 12 contenders and a record-setting $16 million dollar purse, the Pegasus, named after the 110-foot statue of the mythical creature standing at Gulfstream Park, attracts the best horses in the world.
The Pegasus World Cup is held annually at Miami’s Gulfstream Park, and is run on the dirt at a distance of 1 1/8 miles (9 furlongs). This Grade 1 Stakes race is open to horses four years old and older.
How did the Pegasus World Cup become a reality?
Stronach Group Founder and Honorary Chairman, Frank Stronach, proposed the idea during the Thoroughbred Owners Conference at Gulfstream in January 2016. He identified mid-to-late January as the perfect place on the racing calendar as the North American breeding season begins in mid-February and this would allow for a horse to run one last race before retiring. Plus, it does not conflict with the Dubai World Cup, which is held in late-March, or the Breeders’ Cup, which is contested each November.
Plans for the race were announced in May 2016 – 12 shareholders could purchase an ‘entry’ into the race for $1 million. Just one week after the inaugural Pegasus World Cup was announced, Stronach Group leadership announced that all 12 slots had been purchased. The initial group of shareholders included Frank Stronach, Coolmore Stud, California Chrome, LLC, Starlight Racing, Reddam Racing and Jim McIngvale.
Under the format, if a shareholder doesn’t own a horse suited for the race, they have the ability to sell their spot to another owner, lease a horse to run in the spot or make other similar arrangements.
The benefit of the unique arrangement? Shareholders receive a cut of the massive purse, as well as an equal share of Gulfstream Park’s net income on Pegasus World Cup Day.
The inaugural Pegasus World Cup delivered more star power than anyone could have imagined, with California Chrome and Arrogate facing off after their brilliant 1-2 finish in the Breeders' Cup Classic.
The second Pegasus World Cup provided just as much star power, with Gun Runner aiming for his 5th straight victory right before retiring. Facing Gun Runner was West Coast, the hero of the Travers Stakes and Pennsylvania Derby, who had just finished second to Gun Runner in the Breeders' Cup.
The Future of the Pegasus World Cup
Future editions of the Pegasus World Cup are expected to be even bigger and more exciting, and if you can’t make it to the track, Xpressbet is Your Way to Play the world’s richest race.
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