Horse Racing

Royal Ascot 2023 Prize Money: How Much Will the Winner Get

Royal Ascot is one of the most famous racing festivals in the world. It is both historic and highly prestigious, so it’s no surprise that the prize money on offer is very sizable.

Prize Money Royal Ascot
Photo by Icon Sport

Some of the best trainers and owners in the sport compete at Royal Ascot for the prestige first and foremost, but let’s be honest, they also compete to get their hands on bundles of cash.

Record Prize Money at Royal Ascot 2023

As is to be expected with this meeting being so high-profile, the prize money has always been top-drawer at Royal Ascot, but the 2023 renewal of this famous meeting will see an all-time high in prize money.

In 2022, the Royal meeting at ascot was worth £8.62 million in prize funds. In 2023, this has gone up by around £900,000 to a record £9.52 million.

Royal Ascot 2023 Prize Money

The big question is how much money will the winning connections of each race receive at Royal Ascot? The answer of course varies. Every race at Royal Ascot is prestigious, but it is the top group races that carry the biggest prizes.

The handicap races at Royal Ascot still have sizable prize pots, though, make no mistake about that. For example, on the first day, winning connections of the Ascot Stakes will receive £51,540 in prize money. Most of the handicap races carry the same prize pot.

Group 2 and 3 races carry slightly bigger prize pots. For example, winning connections of the Norfolk Stakes, which is a Group 2 race on day three of the meeting, will receive £62,318 in prize money.

Royal Ascot 2023 Biggest Races

Right, let’s take a look at the big races. The races that offer eye-watering prize funds. The amount of money that winning connections will receive has been broken down below day by day.

Royal Ascot Day One Prize Money

On the first day of Royal Ascot, there are three Group 1 races, each of which has a different level of prize for the winner.

The first of the three Group 1 races on day one is the Queen Anne Stakes. Winning connections of that race will receive £425,325 in prize money. For the King’s Stand Stakes, the winning prize share is £355,855, while those responsible for the winner of the St James’s Palace Stakes will receive £340,260.

Royal Ascot Day Two Prize Money

The only Group 1 race on Wednesday will be the Prince Of Wales’s Stakes, which is part of the high-class British Champions Series. The winning prize money for this race stands at £567,100.

Other sizable prizes on day two include the Queen’s Vase, which has a winning prize share of £150,282, while those connected to the winner of the Royal Hunt Cup Handicap will pocket £90,195.

Royal Ascot Day Three Prize Money

The third day of Royal Ascot 2023 contains just one Group 1 race, which will be the Gold Cup, a gruelling test of staying power. The winner of that stamina-sapping contest will earn their connections a rather chunky £567,100.

The winner of the Ribblesdale Stakes on Day Two will receive £133,764, while the Hampton Court Stakes is worth £85,065 to winning connections.

Royal Ascot Day Four Prize Money

On the fourth day of Royal Ascot, there is a sizable prize share for the winner of the Group 2 King Edward VII Stakes, which stands at £141,775.

The showpiece event on Friday, in terms of both quality and prize money will be the Group 1 Commonwealth Cup. The winner of that race will pocket their connections £340,260.

Royal Ascot Day Five Prize Money

On the fifth and final day of Royal Ascot 2023, the Group 2 Hardwicke stakes offers a sizable prize pot, with the winner expected to land connections £141,775.

The final Group 1 race of the meeting will be the Queen Elizabeth II Jubilee Stakes, which offers a winning prize fund of no less than £567,100.

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