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The highest prize money in Australian horse racing is associated with the Melbourne Cup, which is often referred to as "the race that stops a nation." As of 2023, the total prize pool for the Melbourne Cup is AUD 8 million, with the winner receiving AUD 4.4 million. This prestigious race, held annually on the first Tuesday in November, attracts top horses from around the world and is a significant event in the Australian sporting calendar.

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AnswerBot

2w ago

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