Prize money for the Longines Hong Kong International Races (HKIR) will be worth a record HK$118 million in 2023 and will again host the world's richest Group 1 turf races over 1200m, 1600m and 2000m, the Hong Kong Jockey Club (HKJC) announced on Monday.
The G1 Longines Hong Kong Cup received a 5.9% increase to HK$36 million, the G1 Longines Hong Kong Sprint (1200m) has been boosted by 8.3% to HK$26 million, the G1 Longines Hong Kong Mile (1600m) will grow by 6.7% to HK$32 million and the G1 Longines Hong Kong Vase (2400m) received a 9.1% bump to HK$24 million.
Additionally, each of the city's 12 Group 1 races will rise by a minimum of HK$1 million for a combined HK$20 million as part of an overall prize money increase of 10%. Hong Kong's record prize money and incentive structure now stretches to an estimated HK$1.73 billion across the 2023/24 season. The world's richest Group 1 turf race over 1400m–the G1 Queen's Silver Jubilee Cup–offers HK$13 million in prize money, while the Club has also raised purses on Group 2 and Group 3 races to HK$5.35 million and HK$4.2 million, hikes of 7.0% and 7.7%, respectively.
Including substantial increases to the PP and PPG bonus scheme, Hong Kong's domestic racing prize money pool will increase by 8% alone next season – with an additional HK$94 million on offer – to HK$1.38 billion.
“The Longines Hong Kong International Races continue to be widely recognised as the 'Turf World Championships' and the HK$118 million total prize money on offer next season also underscores the Club's commitment to attracting and rewarding the world's best horses and their connections,” Winfried Engelbrecht-Bresges, Chief Executive Officer of The Hong Kong Jockey Club, said. “With growing competition around the world, it is crucial that Hong Kong's two international race days-Longines Hong Kong International Races and FWD Champions Day–continue to be destinations of choice for owners, trainers and jockeys from around the world.”
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