Magic Millions: Gold Coast to host Australia’s first $10 million race day in 2016
THE Gold Coast will host Australia’s first $10 million race day in 2016, with Racing Queensland and Magic Millions this morning announcing a seven-year partnership agreement.
The first of the seven committed years will be held on Magic Millions Day 2016, where no less than seven individual $1 million races are scheduled.
The figure eclipses the current $9.9 million distributed at Randwick on day one of The Championships in April and represents a huge rise on the not-quite $3.5 million horses will compete for at this season’s Magic Millions day on January 10.
The Magic Millions 2YO Classic will go to $2.5 million and the MM Guineas upped to $2 Million.
The other seven figure races programmed are:
$1M MM Cup (1400m)
$1M MM Trophy (1800m)
$1M MM Sprint (1100m)
$1M MM Fillies and Mares (1300m)
$1M QTIS All Aged Handicap (Distance to be determined)
Rounding out the program will be a $250,000 Country Cup and $250,000 Magic Millions Maiden.
The announcement means all horses being sold at next month’s MM Gold Coast Sale will be eligible for the $10 million series.
For horses already sold through Magic Millions, but not paid up for the race series, an opportunity will be afforded in the next few months to pay up (excluding the 2YO and 3YO races).
Another incentive, designed to attract better horses to Queensland’s Summer Carnival, is that home-bred horses (those not sold at public auction) can make their way into four of the $1M races by competing in a number of ‘wildcard’ races leading up to the Magic Millions.
Up until now, all horses competing on MM Day had to be sold as a yearling through the Magic Millions sales series, at sales on the Gold Coast, Adelaide, Perth or Tasmania.
Magic Millions has been the great success story of Australian racing.
Its first sale in 1986 had just 200 horses and the following year’s inaugural 2YO Classic was won by Snippets, who went onto Group 1 success and become a flag-bearer for the sales company.
This year, Magic Millions became the highest selling auction house in Australia for the first time.
Story courtesy Nathan Exelby Courier Mail