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A fundraising page is edging towards the £25,000 mark following the Injured Jockeys Fund’s pledge to support the rider and his family following his serious injury at Newcastle.
A Justgiving.com page was set up on Monday by Lee's daughter Amy, with the racing world uniting to show their support for the jockey.
Injured Jockeys Fund president Sir Anthony McCoy and vice-president Jack Berry issued a joint-statement underlining the organisation's support for Graham Lee.
It emerged on Sunday that Lee had suffered an unstable cervical fracture causing damage to the spinal cord, along with damage to blood vessels in the mid-cervical region.
The statement read: "Like everyone in racing, we at the Injured Jockeys Fund are all devastated with the news of the injuries Graham Lee sustained from his horrific fall at Newcastle on Friday.
"All our thoughts are with Graham, his wife Becky, and their family.
"As bad as Graham's injuries are, please do rest assured that our team at the IJF will look after his needs to assist him in his recovery and predicament for as long as it takes.
"Whatever help he and his family needs, we will be there to provide it."
Julie Harrington, the chief executive of the British Horseracing Authority, added: "We are shocked to hear the distressing news regarding the injuries suffered by Graham Lee. Our thoughts are with his family and friends and the whole sport is praying for one of its finest ambassadors.
"We are doing everything we can to support Graham and his family, and we ask that everyone respect the privacy of his family at this time."