King Abdulaziz Horse Championship to Launch, Will be World's Richest

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