Sold out: All 12 slots taken for world's richest horse race

Sold out: All 12 slots taken for world's richest horse race

Updated Mar. 5, 2020 1:38 a.m. ET

BALTIMORE (AP) All 12 spots have been sold for next year's inaugural $12 million Pegasus World Cup, the world's richest horse race.

The race is set for Jan. 28, 2017, at Gulfstream Park in Florida. The slots cost $1 million each, providing funding for a race in which $7 million goes to the winner.

The Pegasus World Cup purse tops the $10 million offered for the Dubai World Cup. The Pegasus is for older dirt runners and will replace the Donn Handicap on the Gulfstream stakes schedule.

The race is organized by the Stronach Group, which owns a number of tracks, including Gulfstream, Santa Anita and Golden Gate Fields. Thursday's announcement came at Pimlico, another Stronach property.

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