Magic Millions extends women owners bonus

Magic Millions has extended its popular bonus for horses owned solely by women to the $2 million Magic Millions Guineas.
Magic Millions
Rose McEvoy poses at Magic Millions Raceday at the Gold Coast Turf Club on January 12, 2019 in Gold Coast, Australia. (Photo by Chris Hyde/Getty Images)

Magic Millions has expanded its women only owners bonus scheme to the $2 million MM Guineas for three-year-olds.

A bonus has been in place for horses owned solely by females in the $2 million Magic Millions 2YO Classic for a decade.

The bonus has in effect created a race within a race as it is paid to the first four female-owned horses.

It has proved popular because a horse can finish well back in the field and still earn a bonus on top of any prize money.

The new 3YO bonus will total $250,000 with $162,500 going to the first all women-owned horse over the line with $50,000 to the next horse.

The remaining money will be allocated to third home ($25,000) and fourth home ($12,500).

Magic Millions chief executive Barry Bowditch said it was an extra incentive for women to get involved with horse ownership.

"It also means some owners who miss a chance at a bonus in the 2YO Classic can get a shot at the extra money with a late bloomer," he said.

"The evolution of the Summer Carnival is a direct result of the program and fantastic prize money on offer."

"It's simply a quality carnival. The new Magic Millions races enable increased returns to owners and trainers."

Magic Millions day at the Gold Coast in January offers $10 million prize money.