Thousands of people are expected to don their best racewear and head trackside for one of the biggest days on the racing calendar.
The 2021 Magic Millions race day kicks off today, with a whopping 22,000 people expected to flock to Bundall for the event.
Organisers of the carnival say this year is thankfully tracking far better than first thought, with many believing the COVID-19 pandemic would have a severe impact on the iconic event.
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However, new data has revealed the carnival is expected to pump $10.25 million into the Gold Coast economy.
Magic Millions Managing Director Barry Bowditch said it’s always an amazing event, with today one of the best on the racing calendar.
“We’re looking forward to The Star Magic Millions Raceday… There’s some huge fields out there and there’s a lot of anticipating heading into the day,” he said.
“And then tonight is a great part of the Yearling Sale with great atmosphere and hopefully some good sales along the way,” Bowditch added.
There’s 90 lots catalogued to go under the hammer from 6pm, with organisers hoping for another successful day.
The sale gross of over $180 million has already surpassed last year’s Book One total of $177.4 million, with the average sale price of horses also trending higher than 2020 at $255,142.
“To have the statistics we have to the end of day four is quite phenomenal,” Mr Bowditch said.
“We have eclipsed last year’s Book One gross with a night to go and both the average and clearance rate are holding.
“There’s an insatiable thirst for the quality horses and the buyers are here in droves and they’re doing business.”