Britain 's Royal Ascot increases prize money to record $ 7.5 million . `` We have seen some remarkable racing at Ascot in recent years and whilst the importance of winning at Royal Ascot both in terms of prestige and in value to the bloodstock industry ca n't be denied , increasing prize money is equally crucial to attracting the best horses to run in a highly competitive market , '' Ascot chief executive Charles Barnett said . Score: 6 But despite prestige , Ascot still lags behind world in prize money . World 's richest racing event , Dubai World Cup , offers $ 27 million .
Britain 's Royal Ascot increases prize money to record $ 7.5 million . Score: 6 But despite prestige , Ascot still lags behind world in prize money . World 's richest racing event , Dubai World Cup , offers $ 27 million .