The Launceston Cup is an annual horse racing event held on February 25 at the Launceston racecourse in Tasmania, Australia. This event takes place during the Tasmanian summer racing carnival, attracting locals who gather for a day of racing excitement. The race has been recognized with a group three listing for 35 years and features a significant prize pool of $250,000. Traditionally, attendees dress in their finest apparel, and the event has grown in popularity, drawing crowds of up to 12,000 when the weather is favorable. The Launceston Cup is hosted by the Tasmanian Turf Club and runs over a distance of 2,400 meters. It has become a signature event for the town, celebrated as a holiday each February 23.