Ascot’s prize-money will rise to a record £19.4 million next year in a move the track hopes will help to encourage greater investment in British racing at a challenging time for the sport’s finances. 

Total prize-money, excluding the industry-owned British Champions Day, will increase by £1.65m from this year, while the track’s executive contribution will rise from £9.97m to a budgeted £10.7m. 

Royal Ascot will be worth £10.65m (from £10.05m), with all eight Group 1 races worth a minimum of £700,000 and every race at the meeting run for £120,000 or more, up from £110,000 in June.

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