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Prize Money Boost For Karaka Million Twilight Meeting
New Zealand Bloodstock's Karaka Million Twilight Meeting has received a significant boost to the three undercard races on the six-race card held in January, with each race increasing to $50,000, from $40,000. The Auckland Racing Club has funded the stakes increase in conjunction with New Zealand Thoroughbred Racing, also boosting the stakes on four other major New Zealand race meetings including the BMW NZ Derby Day, the Barfoot and Thompson Auckland Cup Day, the New Zealand Herald Boxing Day and the New Zealand Herald New Year's Day. "It's a fantastic result for the stakeholders that will be competing on Karaka Million night," Auckland Racing Club's CEO Cameron George said. "To have a stakes level of $50,000 at the Karaka Million Twilight Meeting, along with four other major days, being Derby Day, Cup Day, Boxing Day and New Year's Day, certainly shows what the Karaka Million night means to the Auckland Racing Club and the industry." He added: "It is a discretionary investment and it is something that we were committed to doing for the industry and the stakeholders that buy at the Karaka Sales." The Karaka Million is an incentive Series featuring three races, eligible to horses sold at New Zealand Bloodstock's National Yearling Sales Series. In 2016, horses will be competing for the $1 million Karaka Million for 2YOs, the $250,000 NZB Insurance Karaka 3YO Mile and the $100,000 Windsor Park Stud Karaka Stayers Cup. Prize money for the 3YO Mile will increase to $1 million from 2018, meaning the twilight meeting will host the two richest races in New Zealand. The Karaka Million – New Zealand's richest race day - will be held on 24 January 2016, the eve of the commencement of NZB's National Yearling Sales Series at Ellerslie Racecourse.