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Royal Ascot is an annual horse racing event that takes place every June at Ascot Racecourse (which is around 30 miles from London). It's one of the highlights of the Summer social calendar, and tickets can cost anything from around $50 (for the atmospheric Windsor Enclosure) to thousands (for a coveted place in a box or hospitality suites). The royal family attends every year, and the event is known for its heritage and tradition.