LOUISVILLE, Ky. — The Kentucky Derby is one of the most prestigious sporting events on earth, and this year's race boasts the largest purse in history.
Everything about the 150th Run for the Roses feels bigger than ever. So it's no surprise the winner will ride off with a record amount of money.
How much will the winning horse secure? Here's a breakdown:
Win: $3.1 million.
Place: $1 million.
Show: $500,000.
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Churchill Downs announced earlier this year the Derby 150 purse would be $5 million, a record amount. This is a $2 million increase from Derby 149.
The purse for the Kentucky Oaks was also boosted to $1.5 million. All Grade I events at the track are worth at least $1 million.
"These record purse increases are a symbol of the health of horse racing in Kentucky,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “Churchill Downs Incorporated’s over $1 billion investment into live and historical horse racing in Kentucky over the last five years has meaningfully strengthened the entire Kentucky Derby Week and year-round racing program. It’s important to acknowledge the state legislature for its commitment to working closely with private enterprise in a truly collaborative partnership to support the continued growth of Kentucky’s signature industry.”
In 1875, the first Kentucky Derby winner, Aristides, earned $2,875, which is about $81,000 in today's money when adjusting for inflation. Second place received $200.
The purse reached $100,000 in the 1950s and reached $1 million in 1995.
How much do jockeys receive? As a general rule, jockeys earn 10% of the overall race winnings.
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