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The world's richest horse race is set to launch.
Saudi Arabia has announced the King Abdulaziz Horse Championship with prizes totalling more than $17 million (Dh62.4m) and rivalling the Kentucky Derby in size while attracting competitors from the United States, the United Kingdom and Japan.
A starting date has yet to be announced.
To date, the richest races have been the Dubai World Cup, which was expected to offer a $10m prize for its top race and the 2018 Pegasus World Cup Invitational in Florida had a $16m purse.
- Dan Shapiro, Gambling911.com
