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. Whereas a usual New Zealand race meeting may start before 1pm, have up to 10 races, and finish before 6pm the Karaka Million race meeting is a twilight meeting. For example, 2023 had a six-race card: • 4:09pm - the Karaka Cup, 2200m open handicap for a stake of $120,000 • 4:48pm - the Group 2 Westbury Classic, 1400m set weights + penalties for fillies and mares for $180,000 • 5:28pm - the Group 3 Almanzor Trophy, 1200m 3YO set weight + penalties for $130,000 • 6:08pm - the listed Karaka Million 2YO, 1200m set weight for $1,000,000 • 6:48pm - the Group 3 Concorde Handicap, 1200m Open Handicap for $130,000 • 7:28pm - 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. In 2025 the
Railway Stakes was moved from New Year's Day to the Karaka Million meeting. ==Karaka Million 2YO==