4. Heinkel’s Hot Dog Eating Contest
First prize: $500
The number 4 on our list of biggest hot dog eating contests in the world is held in August in Decatur, Illinois. As is standard, contestants have 10 minutes to eat all the hot dogs they can. There are two pre-qualifying events and 10 contestants and two alternates quality for the main event. The first place winner receives $500, second place wins $250, and third place wins $100. The prizes are bigger for the second and third place winners, which is why it ranks higher than the previous competition.
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