Melbourne Cup prize money: How much will Flemington winner earn in 2023?

A lot of dosh on the line.


The Melbourne Cup is one of the richest contests on the planet so it’s no surprise the Aussies brand it the race that stops the nation.

Willie Mullins’ Cheltenham Festival and Royal Ascot winner Vauban spearheads the three-strong Irish squad as stablemate Absurde and the Joseph O’Brien-trained Okita Soushi also take their chance in the Grade 1 handicap on the other side of the world.

Gold Trip is bidding to become the sixth multiple winner of the Melbourne Cup, but Without A Fight could be the home team’s best chance after landing the Caulfield Cup last month.

The latest Melbourne Cup odds can be found on the Paddy Power website and Paddy Power app, otherwise prize money details for this year’s renewal are below.

Melbourne Cup 2023 prize money

As we’re dealing with a race Down Under, the prize money is dished out on Australian dollars – and there are $8.41million (€5.093m/£4.42m) of them in the prize pot. Woof! Connections of the first past the post will take home more than half of that, while the top 12 will bag a share of the booty.

1st: $4.4m (€2.66m/£2.31m)
2nd: $1.1m (€666,000/£578,000)
3rd: $550,000 (€333,000/£289,000)
4th: $350,000 (€212,000/£184,000)
5th: $230,000 (€139,000/£121,000)
6th: $160,000 (€97,000/£84,000)
7th: $160,000
8th: $160,000
9th: $160,000
10th: $160,000
11th: $160,000
12th: $160,000

Mark Zahra kisses the Melbourne Cup Trophy

Melbourne Cup 2023 field and barriers

Gold Trip – Draw 2 (9st 3lbs) – James McDonald
Alenquer – Draw 9 (8st 13lbs) – Damien Oliver
Without A Fight – Draw 16 (8st 13lbs) – Mark Zahra
Breakup – Draw 18 – (8st 9lbs) – Kohei Matsuyama
Vauban – Draw 3 – (8st 9lbs) – Ryan Moore
Soulcome – Draw 4 (8st 6lbs) – Joao Moreira
Absurde – Draw 8 (8st 5lbs) – Zac Purton
Right You Are – Draw 15 (8st 5lbs) – John Allen
Vow And Declare – Draw 19 (8st 5lbs) – Billy Egan
Cleveland – Non Runner
Ashrun – Draw 11 (8st 2lbs) – Kerrin McEvoy
Daquansweet Junior – Draw 12 (8st 2lbs) – Daniel Stockhouse
Okita Soushi – Draw 20 (8st 2lbs) – Dylan Gibbons
Sheraz – Draw 22 (8st 2lbs) – Beau Mertens
Lastotchka – Draw 21 (8st) – Craig A Williams
Magical Lagoon – Draw 7 (8st) – Mark Du Plessis
Military Mission – Draw 5 (8st) – Rachel King
Serpentine – Draw 1 (8st) – Jye McNeil
Virtuous Circle – Draw 6 (8st) – Craig Newitt
More Felons – Draw 24 (7st 13lbs) – Jamie Kah
Future History – Draw 13 (7st 12lbs) – Hollie Doyle
Interpretation – Draw 17 (7st 12lbs) – Teodore Nugent
Kalapour – Draw 14 (7st 12lbs) – Zac Lloyd
True Marvel – Draw 10 (7st 12lbs) – Ben E Thompson


Melbourne Cup 2023 betting

Melbourne Cup odds are on and prices for the leading contenders can be seen on our snazzy widgets below.

Vauban is the favourite with Paddy Power for the Melbourne Cup after taking his Flat form to new heights by landing the Group 3 Ballyroan Stakes in August.

Despite failing to fire in last year’s renewal, Without A Fight is next in our betting following victory in the Group 1 Caulfield Cup last month.

Gold Trip is also prominent in the market as last year’s Melbourne Cup hero bids to join the exclusive club of dual winners.

*All prices are bang up to date with our snazzy widgets, while odds in copy are accurate at time of publishing but subject to change

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