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Melbourne Cup to be worth $8 million

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Prize money for the Melbourne Cup, won by Cross Counter last year, will increase to $8 million.

Prize money for the Melbourne Cup will rise to $8 million with connections of the winner to collect $4.4 million.

Victoria Racing Club chairman Amanda Elliott will officially announce the increase on Tuesday and also the 39 destinations for this year’s Melbourne Cup tour.

English-trained horses filled the first three placings in Australia’s most famous race in 2018 with Cross Counter beating Marmelo and A Prince Of Arran.

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