Horses, hats and royals! Inside the fashionable Royal Ascot horse race

A social highlight of the British summer calendar and one of the world’s biggest racing events, the Royal Ascot gathers the top horses from around the world to compete for $10 million in prize money. TODAY’s Dylan Dreyer is on the ground in England experiencing all the glitz and glamour of the event, one of the queen’s favorites of the whole year.