Melbourne Cup Horse Race Still Loved by Billionaires

The video discusses the prize money and prestige of major horse racing events, highlighting the Melbourne Cup, Everest, and Saudi Cup. It also addresses controversies in the racing industry, including animal cruelty concerns and their impact on betting revenue, alongside new taxation challenges.

Which event has recently surpassed the Melbourne Cup as Australia's richest horse race?

• The Saudi Cup

• The Royal Ascot

• The Kentucky Derby

• The Everest event

What is the prize purse for the Saudi Cup, making it the world's richest horse race?

• $14 million

• $10 million

• $20 million

• $5 million

What has caused the Melbourne Cup to become controversial in recent years?

• Lack of international participants

• Weather conditions

• Animal cruelty concerns

• Increased ticket prices

What factor has contributed to the decline in betting revenue for the Melbourne Cup?

• A decrease in prize money

• An increase in ticket prices

• A new 8% tax on sports wagering

• A change in race location

What is one of the reasons for the decline in betting revenue for the Melbourne Cup?

• A change in race distance

• A decrease in the number of races

• A new tax on sports wagering

• A lack of media coverage