Until the results of the draw are made public on Tuesday evening, punters will not be able to bet on the $13 million race.
An image from the Racing NSW submission to the Opera House.
At 7.40pm when the sails were first lit up, protesters lining the grounds around the building also began shining torches aimed towards the projection.
Some attendees held signs slamming the NSW government and Premier Gladys Berejiklian.
But the draw was conducted in private on Tuesday morning in order to avoid a security risk presented by the thousands of protesters who followed through with their promise to show up.
"Racing NSW Stewards today have conducted the barrier draw for the 2018 The TAB Everest in preparation for this evening's barrier draw event", a Racing NSW release said.
Racing NSW stewards also suspended all betting on The Everest horse race on Tuesday.
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"The use of the Opera House for the commercial advertising of this event is a completely unsatisfactory and is an inappropriate use of this significant heritage place", council chair Stephen Davies said in a letter to the premier on Tuesday.
"The Opera House management has approved exemptions under the Heritage Act to make these types of decisions", the spokesman said.
'This is one of the biggest events of the year why not put it on the biggest billboard Sydney has, ' he said.
The effect of the protesters' lights was varied.
He threatened her job live on air and told her she was "out of her depth", but Alan Jones still isn't convinced he bullied Opera House CEO Louise Herron last Friday. I think because they'd assume all of the rough and tough people go to the horse racing.
In fact, ABC's the Chaser has already staged its own protest, posting a video to Twitter of themselves driving around Sydney projecting "Advertise here - call Alan", and listing what is apparently Jones' real phone number, onto the Opera House, the Art Gallery of NSW and state parliament.