The $200,000 prize money from the abandoned Cup will be donated to the family of jockey simone Montgomerie who died in a race fall on Monday.

Darwin Turf Club chairman Brett Dixon announced on Tuesday the race had officially been abandoned and said the 2013 Cup would be a legacy to Montgomerie.

The Cup's sponsors CUB and Lincoln Jenkins have also donated $50,000 to the fund which has been matched by the Northern Territory government.

"The Turf Club today established the Montgomerie Fund set up at arm's length to the club at Westpac for the family of simone and her five-year-old daughter," Dixon said.

"In memory of simone we've decided to abandon the 2013 Cup."

Montgomerie fell in the sixth race with the rest of the Cup program abandoned after jockeys and other participants felt it inappropriate to continue.