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 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. The two $1,000,000 races are held on the eve of the National Yearling Sales Series at Karaka.