The purse for the 2020 Yukon Quest 1,000 Mile International Sled Dog Race will be at least $100,000, race officials wrote in a news release Wednesday.

The top 15 finishers will each get a portion of the total prize money.

“Funds for the purse, as well as operational costs to run the race, are raised through sponsorship and fundraising,” John Dixon, president of the Alaska Board of Directors, stated in the release. “We’re grateful to have sponsors return each year and we will continue to work hard to secure as many additional sponsors as possible. If we see an increase in overall sponsorship and fundraising, we’ll revisit the purse amount.”

Mushers interested in racing in the 2020 contest can begin signing up Saturday, Aug. 3 online or at either Yukon Quest office: in Fairbanks from noon-2 p.m. and in Whitehorse, Yukon Territory from 1-3 p.m. Everyone who signs up Saturday will be entered into a drawing to win back their $1,300 entry fee, according to the release.

The 37th Yukon Quest starts Saturday, Feb. 1 in Fairbanks.

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