Money, galloping bareback, and international competitive outlook
According to the International Federation of Horse Racing Authorities Facts and Figures, during the 2015 horse racing season, Chile distributed the equivalent of $27,519,145 US in prize money for Thoroughbred flat racing. Argentina distributed $52,690,252. Brazil’s numbers are considerably lower, at $12,851,015.
Kitcat after winning the 2016 Clásico Club Hípico de Santiago
The same year, the United States distributed approximately $901,641,183 in prize money for flat racing alone – not including steeplechase competitions. These statistics alone provide a clear reason for why the U.S. is seeing considerably more Latin American involvement. Not only are there more racing opportunities at tracks across the nation, but there is more prize money. To provide an example, the Gran Premio Club Hípico de Santiago-Falabella is a Group 1 race in Chile that serves as the Breeders’ Cup Challenge Race of Chile (meaning the winning horse has an automatic berth into a Breeder’s Cup race in the U.S.). The 2000-meter race (the equivalent to 1 ¼ mile) on the turf, is open to horses 3 years of age and older. At the 2016 running, $35,000,000 Chilean Pesos were awarded to the winner, Kitcat. This amounts to about $53,969 U.S. dollars. To compare, we can look at the Grade 1 Arlington Million, also a Breeder’s Cup Challenge race, run in the U.S. with the exact same conditions (1 ¼ miles run on the turf, open to 3-year-olds and older). With a total purse of $1 million, the 2016 winner, Mondialiste, took home $570,000 for his connections. Continue reading →