The Karaka Million refers to two major New Zealand horse races for young horses - the original Karaka Million for two-year-old (2YO) horses and the Karaka Million 3YO Classic that started in 2018. Held at Ellerslie Racecourse, they are among New Zealand's richest races, with a stake of NZ$1,000,000 each. The races are restricted to horses sold through the New Zealand Bloodstock Yearling Sales held at Karaka.^[1] The two $1,000,000 races are held on the eve of the National Yearling Sales Series at Karaka.^[2]

The 2YO race was run for the first time in 2008, replacing a similar race held at Te Rapa. Up to 2017, horses eligible for the Karaka Million could also be entered in an associated race, the Karaka Three Year Old Mile over 1600m (NZ$200,000), in the following year. However, from 2018 New Zealand Bloodstock introduced a second Karaka Million $1,000,000 race for three-year-olds.

Since 2018, the "Boys Get Paid" Facebook group have organized a large gathering of hundreds of members at the Karaka Million meeting with a punting syndicate delivering what are believed to be the largest bets on New Zealand races.^{[3][4] [5]}

Whereas a usual New Zealand race meeting may start before 1 pm, have up to 10 races, and finish before 6 pm the Karaka Million race meeting is a twilight meeting. For example, 2023 had a six-race card:

• 4:09 pm - the Karaka Cup, 2200m open handicap for a stake of $120,000
• 4:48 pm - the Group 2 Westbury Classic, 1400m set weights + penalties for fillies and mares for $180,000
• 5:28 pm - the Group 3 Almanzor Trophy, 1200m 3YO set weight + penalties for $130,000
• 6:08 pm - the listed Karaka Million 2YO, 1200m set weight for $1,000,000
• 6:48 pm - the Group 3 Concorde Handicap, 1200m Open Handicap for $130,000
• 7:28 pm - the listed Karaka Million 3YO Classic, 1600m set weight for $1,000,000

In 2024 the Aotearoa Classic, a $1 million race over 1600m, was introduced for 4 year old horses.^[6]

In 2025 the Railway Stakes was moved from New Year's Day to the Karaka Million meeting.^[7][8]

These are the recent winners of the Karaka Million 2YO race:

Melody Belle was a $32 outsider when she won the 2017 edition.

Avantage, Melody Belle and The Heckler also won the Manawatu Sires Produce Stakes.

The victory by Cool Aza Beel in 2020 was the fourth consecutive win by Opie Bosson as a jockey in the Karaka Million 2YO race. He did not ride in the 2021 edition but was successful again in 2022 with Dynastic.

The 2022 victory of Dynastic was the sixth consecutive win by Jamie Richards as a trainer/co-trainer in the race.

The following are the recent winners of the Karaka Million 3YO Classic raced over 1600m.

The 2018 and 2022 Karaka Million 3YO winners Scott Base and Pin Me Up were $22.10 and $24.10 outsiders respectively.

From 2010 to 2017 the Karaka Million meeting had a 1600m race for 3 year old horses.

The Karaka Million meeting had a 2200m races for older horses:

• the Karaka Stayers Cup from 2014 to 2017
• the Karaka Cup from 2018 to 2023.

The following are the winners of those events.

August Edition, the 2018 winner of the Karaka Cup was a $30.60 outsider.

• Auckland Cup
• Levin Classic
• Manawatu Sires Produce Stakes
• New Zealand 1000 Guineas
• New Zealand 2000 Guineas
• New Zealand Derby
• New Zealand Oaks
• New Zealand Racing Hall of Fame
• Thoroughbred racing in New Zealand
• Wellington Cup