 France has a major horse racing industry.It is home to the famous Prix de l'Arc de Triomphe held at Longchamp Racecourse, the richest race in Europe and the second richest turf race in the world after the Japan Cup, with a prize of 4 million Euros (approximately US$5.2 million).Other major races include the Grand Prix de Paris, the Prix du Jockey Club (the French Derby) and the Prix de Diane.