Horse racing in Japan the post Second World War economic boom. The Japan Racing Association was formally established in 1954. The Japan Cup, one of the richest horse races in the world, was inaugurated in 1981. Run at Tokyo's Fuchu Racecourse on the last Sunday in November, it continues to attract thoroughbreds from all over the world. The JRA manages the ten main tracks in Japan. Races at these tracks are called "Chuo Keiba" (meaning "central horse racing"). It provides some of the richest racing in the world. , a typical JRA maiden race for three-year-olds carried a purse of ¥9.55 million (about US$112,000),
Steeplechase (horse racing) (mainly off) in the track's limited live race meets. The Stoneybrook Steeplechase was initiated in Southern Pines, North Carolina on a private farm owned by Michael G. Walsh in 1949 and was held annually in the spring until 1996, with attendance near 20,000. It resumed as an annual spring event at the new Carolina Horse Park in 2001, but was discontinued after 2016. The New York Turf Writers Cup is held each year at Saratoga Race Course, attracting the best steeplechasing horses in the U.S. Australia has a long history of jumps racing which was introduced by British settlers. In