Moonee Valley Racing Club has announced an increase of $250,000 for the Group 1 Sportingbet Manikato Stakes, the race formerly carried prize money of $750,000, it will now be raised to $1 million.

The Manikato Stakes will be run on Friday night, 25th October, as part of the two day Sportingbet Cox Plate Carnival.

With the recent elevation of the weight for age, Moir Stakes, to Group 1 level, the race will have a stakes rise of $150,000.