Pegasus World Cup to be worth $16 million in 2018

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HALLANDALE BEACH, Fla. — The Pegasus World Cup horse race will carry a $16 million purse for its second running in 2018.

That’s an increase of $4 million from this year, when it was run for the first time at Florida’s Gulfstream Park. Arrogate defeated a field that included California Chrome in the nationally televised race.

The Stronach Group announced the purse increase on Wednesday, saying it would contribute the additional $4 million.

The 2018 edition, to be run on Jan. 27, will be open to 12 owners who put up $1 million each for a spot in the starting gate.