The Stronach Group will host the inaugural Pegasus World Cup Betting Championship Jan. 26-27. The event, held at Gulfstream Park and will satellite locations at Santa Anita Park, Laurel Park and Golden Gate Fields, will offer a guaranteed prize pool of $300,000, but organizers estimate a pool of more than $500,000.
The buy-in for the live money contest is $12,000. There is no entry fee for on-track players. A $1,000 entry fee for satellite locations will go directly into the prize pool. The prize pool will be comprised of $100,000 each from both The Stronach Group and Xpressbet.com, 50% of net Gulfstream contest commission (estimated at 3.5%), and 5% of total contest wagers at Gulfstream and 5% of non-contest wagers from Gulfstream's Sport of Kings Theatre (contest room).
Cash prizes will be paid down to the top 10 finishers, while the winner will also receive Breeders' Cup Betting Challenge (BCBC) and National Horseplayers Championship (NHC) seats. A $1-million bonus will be awarded to the Pegasus World Cup Betting Championship winner who goes on to win the 2018 BCBC or NHC.
“The Pegasus World Cup Invitational is an incredible weekend of world-class racing and spectacular events,” said Tim Ritvo, Chief Operating Officer of The Stronach Group. “The Pegasus World Cup Betting Championship builds on the vision of The Stronach Group to reinvent and reimagine racing. Last year's inaugural running of the Pegasus World Cup was truly memorable. We have no doubt the 2018 Pegasus World Cup will be even bigger and better.”
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