Britain 's Ascot increases prize money to record $ 7.5 million . Breeders ' Cup races offer combined prize money of $ 25 million , while France 's Prix de l'Arc de Triomphe has a purse of $ 12.6 million . Prestigious English track attracts royalty and celebrity guests . But despite prestige , Royal Ascot still lags behind world in prize money . World 's richest racing event , Black Caviar , offers $ 7.5 million .
Britain 's Ascot increases prize money to record $ 7.5 million . Prestigious English track attracts royalty and celebrity guests . But despite prestige , Royal Ascot still lags behind world in prize money . World 's richest racing event , Black Caviar , offers $ 7.5 million .