How record $10.2m Melbourne Cup prize pool is split among runners
The 2026 Lexus Melbourne Cup’s total prize purse has been bumped to $10.2 million, as the race remains the world’s richest handicap horse race.
Up from $10 million in 2025, it ensures a generous payout for the entire field, with the winning connections to claim a massive $4.5 million cash prize from the overall fund.
Jamie Melham rides #14 Half Yours to win race seven, the Lexus Melbourne Cup. Getty
That number consists of more than $9 million in cash and over $1 million worth of trophies awarded to the winning owners, including the famed 18-carat solid gold Hardy Brothers trophy, valued at $250,000.
The remainder of the prize money is distributed throughout the field, guaranteeing that every runner on Tuesday earns at least $100,000.
The second-placed horse receives $1.11 million, third gets $560,000, fourth $360,000, and fifth $240,000.
Runners placed from sixth to 12th each receive $160,000, while horses finishing 13th to 24th each get $100,000.
The $4.5 million winners’ prize money for the upcoming Melbourne Cup is split among the winning horse’s owners, trainers and jockey.
The winning owners collect the majority 85 per cent share of the prize, a massive $3.825 million.
The trainers of the winning horse take home 10 per cent of the prize money, amounting to $450,000, plus a replica trophy.
The champion jockey’s prize is $225,000, representing five per cent of the payout.
The winning jockey also receives a replica miniature Melbourne Cup trophy valued at $25,000 and a riding fee of approximately $258.50 for race day.
The winning horse’s strapper will be presented with the Tommy Woodcock Trophy - named after Phar Lap’s attendant - valued at $15,000. The breeder also receives a trophy valued at $10,000.
The 2026 Melbourne Cup will be broadcast live and free across Australia on Channel 9 with streaming also available on 9Now.
