2024 Melbourne Cup Winner Prize Money. And just like the 2024 edition, each member of the winning team is set to pocket $40,000. The race is now worth a total of $8.56 million, and the famous 18ct solid.

The winner of the cup gets $4.4m of that pool, as well as. The prize for winning first place in the 2024 melbourne cup is $4,400,000 in cash.