The Pegasus World Cup will be run for the first time on January 28, 2017, at Gulfstream Park, Hallandale Beach, Florida, USA.
Run over 9 furlongs, the Pegasus World Cup is the richest thoroughbred race in the world, overtaking the Dubai World Cup.
The idea for the fledgling race was pitched by businessman and politician Frank Stronach in January 2016 and confirmed in May of the same year.
Timed so it won’t interfere with the Breeders Cup or the Dubai World Cup, the race will feature 12 starters.
The unique part of the concept is that each gate position is bought for $1 million. The entrant then can race a horse from the gate, lease their position or sell their spot in the race.
Each gate owner will then take an equal share in the net income from the race.
Gate owners are permitted to pre-enter two horses into the race and if they don’t draw into the Pegausus World Cup they are automatically eligible to race in the Poseidon Stakes, which will offer a $400,000 purse, but only cost $20,000 entry.
While the entry fee is lofty at $1 million USD, 100 per cent of the net income from the pari-mutuel betting, media rights and sponsorship will be split between the gate owners.
Gate owners will then have the first right of refusal for any future runnings of the race.
How to bet on the Pegasus World Cup meeting
All major bookies around the world already have all-in markets on the Pegasus World Cup and have had for a few weeks.
These include major Aussie and UK bookies like Bet365.
The 2017 market
California Chrome $2.80
Gun Runner $11
Midnight Storm $17
Keen Ice $21
Shaman Ghost $26
War Story $67
Results of the Pegasus World Cup
2017: It was meant to be a battle between two – Arrogate and American Chrome – but it ended up being a one horse race. Arrogate, the bookies elect at $2.30, blitzed the star studded field to record victory in the newly-created race. Arrogate finished ahead of Shaman Ghost ($2.90) and Neolithic ($3). California Chrome, in its last race, never got going and failed to challenge. Read a full report.
How to watch the Pegasus World Cup
The big race day will be screened live on NBC from 4.30-6pm Eastern Standard Time on January 28.
It will also be simulcast worldwide via https://www.pegasusworldcup.com/