Britain 's Royal Mile offers prize money to record $ 100 million . Prestigious English track attracts royalty and celebrity guests . But despite prestige , Ascot still lags behind Newmarket in prize money . The total prize money on offer at Ascot throughout 2013 is now just over $ 20 million . World 's richest racing event , Dubai World Cup , offers $ 27 million .
Britain 's Royal Mile offers prize money to record $ 100 million . Prestigious English track attracts royalty and celebrity guests . But despite prestige , Ascot still lags behind Newmarket in prize money . World 's richest racing event , Dubai World Cup , offers $ 27 million .