$12 million Pegasus gives racing big buzz, huge purse (Sports Betting News)

The idea was most unusual: Put together the richest horse race in the world, and do so by getting 12 stakeholders to invest $1 million apiece just to have a spot in the starting gate. The biggest purse offered in thoroughbred racing – $12 million – is up for grabs Saturday at Gulfstream Park, where California Chrome and Arrogate headline the field of the inaugural Pegasus World Cup. The winner’s connections will walk away with more than $7 million between purse money and a share of what could be a massive amount of wagering on the race.

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