The Royal Ascot racing event is considered one of the U.K.'s biggest and poshest social event of the year, where racegoers arrive wearing the stylish and flamboyant hats.
Horse racing has been part of British society for more than 400 years. CNBC's Tom Chitty shines a light on a sport fueled by money that for many is shrouded in mystery.
Justify is the 13th horse to earn the coveted Triple Crown.
High-stakes races bring in purse money and prestige, but it's peanuts compared with what owners can make in the $39 billion horse breeding business.
Ahead of the weekend's Belmont Stakes, Bob Baffert, hall of fame horse trainer, and Chris Kay, New York Racing Association CEO and president, discuss Justify's chances at claiming the coveted Triple Crown. They also weigh in on the legalization of sports betting.
The deal comes two days after the Supreme Court's decision to open up legal sports betting across America.
The winning ownership team takes home the majority of the $2 million purse.
The total Derby purse is $2 million.
Here's exactly what comes with the four-figure cocktail.
High-stakes races bring in purse money and prestige, but it's peanuts compared with what owners can make in the $39 billion horse breeding business.
Amazon's audiobook company gallops into the 144th annual Kentucky Derby with a horse named Audible.
North Korean race-goers who once risked three years hard labor for gambling are now able to bet on local horse races.
Royal Ascot is beloved by many, with some 300,000 racegoers attending the five-day event every year – including the royal family.
A horse belonging to fund manager Seth Klarman won the stakes at 13-1 odds, USA Today reports.
Always Dreaming splashed through the slop to win the Kentucky Derby by a hair on Saturday.
The 143rd Kentucky Derby is expected to go down as one of the most difficult handicaps in many years.
Joseph Magliocco, Micher’s Distillery president, discusses the popularity of Kentucky bourbon and American whiskeys ahead of this weekend's Kentucky Derby, and the "Power Lunch" team gets a taste.
Prices for Kentucky Derby tickets are going up again this year, but there is a wide spectrum of options.
The inaugural running of the Pegasus World Cup, billed as the world's richest horse race, was a rematch for two top-rated thoroughbreds.
Sportsbet.com.au's Christian Jantzen talks about punters' picks for the Melbourne Cup and what it to look out for in predicting a winner.
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