The increase to $3 million brings the Victoria Derby into line with the $3 million Group 1 Sportsbet Caulfield Guineas (1600m) for three-year-olds at Caulfield Racecourse on Saturday, 10 October 2026. The first prize cheque for both races will be $1.8 million.
The Derby boost follows other key prizemoney increases over the past 15 months with the Melbourne Cup, Caulfield Cup and Cox Plate all raised to record levels, whilst an additional $7 million has been invested into maiden races with 1400 country maidens all increased by $5,000 each.
Quotes attributable to RV Chief Executive, Aaron Morrison
“The Howden Victoria Derby is integral to the success of Victorian racing, in terms of its rich heritage and its role in headlining one of the biggest race days in world racing.
“We believe the retention of Group 1 status for the Victoria Derby is vital given the day’s importance to our industry and the fabric of Australian racing more broadly. We must be proactive to ensure that is preserved.
“This prizemoney boost is an important first step. Beyond this, we’re continuing to review our feature three-year-old and staying programs, including conditions, pattern and prizemoney, to determine what is best for the industry in 2027 and beyond.”
Quotes attributable to VRC Chief Executive, Kylie Rogers
“The Howden Victoria Derby is undoubtedly one of Australia's most prestigious races and a cornerstone of the Melbourne Cup Carnival. Increasing prizemoney recognises the significance of one of the country's great races and helps ensure it continues to attract the best horses, connections and competition.
“This investment reflects our commitment to continuing and enhancing the race's legacy, ensuring the Howden Victoria Derby remains one of the sport's most important, aspirational and prestigious contests, and the VRC thanks Racing Victoria for their partnership and support.”
