How Much Do The Jockeys Make At The Kentucky Derby?
- Michael Paul
Image courtesy of Don Blais / Shutterstock.com. The three legs of the Triple Crown, the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes, all take place in the months of May and June in the United States. These are the most prominent months for horse racing in the country.
- Rich payouts are a hallmark of the world’s most prestigious horse races, such as the Kentucky Derby (2022), which offered a total pot of $3 million and awarded the winner $1.86 million of that total.
- The rider, or jockey, is the person who stays atop the horse during the whole race and receives far less attention than the horse itself.
At the Kentucky Derby, the winning jockey receives 10% of the total payout won by their horse. This year’s winning rider, Sonny Leon, received $186,000 of the total purse. It is possible that Leon sent a commission of 25 percent to his agent and a gratuity of 5 percent to the valet who assisted him in preparing his gear for the race from those gains.
How much does a horse owner make for winning the Kentucky Derby?
What was the total amount of money that Rich Strike won at the Kentucky Derby in 2022? As the winner of the Kentucky Derby, Rich Strike was awarded $1,860,000.00 of the total prize pool of $3,000,000.00. Rich Strike had only earned a total of $111,289 in his career prior to winning the first leg of the Triple Crown.
- Not bad for a horse who just qualified for the Derby the day before when Ethereal Road was forced to withdraw, and who was claimed by owner Rick Dawson of RED TR-Racing following a $30,000 maiden-claiming event at Churchill Downs.
- Rich Strike: Owner Rick Dawson gambled on Eric Reed, Rich Strike and won big at 2022 Kentucky Derby “On what planet are we now?” Dawson spoke on his performance after the race on Saturday.
“I feel like I have been catapulted someplace. I’m not sure. This defies all logic and reason. I went up on stage and spoke to my coach, and I asked him, “Are you sure this isn’t a dream?” Because there is no way that could be true.’ He gave me his word that everything is genuine.
What is the most expensive horse in the Kentucky Derby?
Barber Road Let’s take a look at how much those owners spent to get a shot at the Roses now that all of the points have been handed out for this year’s Road to the Kentucky Derby series and the Top 20 3-year-olds (and their alternates) have been determined.
(The complete points scoreboard for the Road to the Kentucky Derby can be seen here: Leaderboard for the Road to the Kentucky Derby.) Fusaichi Pegasus, who won the Kentucky Derby in 2000 and was purchased for $4 million, holds the record for the most expensive Kentucky Derby winner ever to be sold at auction.
In point of fact, only four horses that have won the Kentucky Derby have ever been able to sell at auction for more than half a million dollars. These horses include Fusaichi Pegasus ($4 million), Winning Colors ($575,000), Alysheba ($500,000), and Justify ($500,000).
- If one were to look ahead to the running of the Kentucky Derby in 2022, one could anticipate that a potential owner would be able to acquire a contender for as low as $15,000 in a public auction.
- At the 2019 Keeneland November Breeding Stock Sale, the weanling division of Barber Road (Race Day), owned by WSS Racing, was able to demand that amount.
The owner Amr Zedan paid a hefty sum of $1.7 million for his shot at the Run for the Roses with Taiba. The Gun Runner colt commanded the seven-figure sum at the 2021 Fasig-Tipton Gulfstream Select Sale of 2-Year-Olds in Training. On the other end of the spectrum, Taiba was purchased by Zedan at the 2021 Fasig-Tipton Gulfstream Select Sale of 2-Year-Olds in Training.
- The following is a list of the sales prices for this year’s candidates in the Kentucky Derby, ordered according to the number of Derby points earned: The epicenter of the auction was a yearling that brought in $260,000 at the Keeneland September sale.
- Zandon brought in $170,000 at the Keeneland September auction when he was offered as a yearling.
White Abarrio fetched $7,500 at the OBS Winter Mixed auction when he had just been one year old, and then $40,000 at the same sale when he was two years old. March At the Keeneland September auction as a yearling, Mo Donegal brought in the price of $250,000.
- At the Fasig-Tipton Kentucky Select auction as a yearling, Tiz The Bomb brought in the price of $330,000.
- At the Fasig-Tipton Kentucky Select auction, Cyberknife fetched the price of $400,000 as a yearling.
- Crown Pride is a Japanese-born horse that was born in Japan and was never put up for sale.
- The Fasig-Tipton Kentucky Fall auction brought in $140,000 for Taiba when he was a yearling, and the Fasig-Tipton Florida Select sale brought in $1.7 million when he was two years old.
RNA was purchased by the buyer at the Keeneland November auction as a weanling for the price of $50,000. Smile Happy fetched $175,000 at the Keeneland November auction when he was a weanling, and then $185,000 at the Fasig-Tipton Kentucky Select sale when he was a yearling.
- At the Keeneland September auction as a yearling, Tawny Port brought in a price of $430,000.
- At the Keeneland November auction, Barber Road brought in the price of $15,000 as a weanling.
- Un Ojo was a homebred horse, however he was purchased in utero at the 2018 Fasig-Tipton Saratoga Fall Mixed auction for the price of $40,000.
Early Voting – Two Hundred Thousand Dollars as a Yearling at the Keeneland September Sale Morello brought in $140,000 as a weanling during the Keeneland November auction, then $200,000 during the Fasig-Tipton Kentucky Select sale as a yearling, and finally $250,000 during the Fasig-Tipton Midlantic sale as a 2-year-old.
- Messier earned a total of $470,000 at the Fasig-Tipton sale as a yearling.
- Entucky Select sale Zozos is a homebred horse, however his dam was acquired as a yearling at Keeneland in September for $57,000, and she raced to earnings of $233,593 before Zozos was conceived in 2018.
- At the same time, Munnings’ stud fee was $25,000 in 2018.
Summer Is Tomorrow sold for $25,000 as a weanling in November at Keeneland, then RNA for $14,000 as a yearling in September at Keeneland, and finally for $169,743 as a 2-year-old at the Arqana Deauville breeze up auction. Charge It was a homebred, but the owner paid $2.2 million for the dam when she was a yearling at Keeneland in September, and he raced her to one victory.
- His sire, Tapit, stood for $300,000 in 2018, and his dam was purchased by the owner.
- Homebred Happy Jack did not receive any bids as a weanling at the 2019 Keeneland November auction; the owner acquired the dam for a total of one hundred thousand dollars at the 2015 Keeneland November sale, and sire Oxbow stood for a total of twenty thousand dollars in 2018.
Pioneer of Medina, a homebred horse that was purchased at the Keeneland September sale as an RNA for $485,000 as a yearling and was hoping for a late defection in order to make the field. Ethereal Road (hoping for three defections in order to make the field) – $90,000 as a weanling at the Keeneland September sale In Due Time (hoping for two defections in order to make the field) – $9,500 as a weanling at the Keeneland November sale Then $35,000 as a yearling at the Keeneland September sale Then $95,000 as a 2-year-old at OBS April In Due Rich Strike, who was waiting for four players to drop out of the tournament in order to make the field, was claimed off of his second career start for the sum of $30,000.
What is the stud fee for a Kentucky Derby winner?
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The conclusion can be stated as follows: Rich Strike was won by its current owner, Rick Dawson, and his trainer, Eric Reed, in a claiming race held at Churchill Downs in September of 2021. The race was worth $30,000. A form of race known as a claiming race is one in which horses are offered for sale at a predetermined price.
If a participant during the race claims ownership of the horse, the owner of the horse must consent to the sale of the animal. In the event that more than one individual submits a claim, they will conduct what is known as a shake, which involves selecting one of the bids at random through the use of a draw.
However, despite the fact that these competitions are widely regarded as the foundation of the sport, the chances suggest that you have almost little chance of purchasing a premium horse capable of winning the Kentucky Derby. Despite this, Rick Dawson paid $30,000 to acquire Rich Strike, and he then began his training.
Rich Strike had a strong showing in a few races over the past several months, but he ended in position No.21 on the Derby’s Top 20 list. This meant that Rich Strike would not be competing in the Derby since he fell short of the cutoff by one spot. Rick Dawson started informing his loved ones, acquaintances, and coworkers about the group’s decision to skip their trip to Louisville, Kentucky.
But then he got the word – Ethereal Road was being scratched from the race only thirty seconds before Friday’s deadline, and as Rich Strike was first on the alternative list, the horse would now be included in the race just twenty-four hours later. This news came as a complete surprise to him.
Reed recounted telling Sports Illustrated that he “couldn’t even breathe” in order to answer yes to the question. They claim that what happened after that is now part of history. Rich Strike was given the lowest possible starting position, which was position 20, and as a result, he was behind the majority of the competition early on.
But the trainer Sonny Leon maneuvered his way through the crowd and pulled off one of the most stunning victories in the annals of sporting history. Rich Strike finished at odds of 80-1 before the race, and in the history of the Kentucky Derby, only one horse has won with worse odds than that: Donerail, who won the race in 1913 despite having odds of 91-1.
In spite of this, owner Rick Dawson was able to transform his $30,000 investment into (at least) $1.86 million because to the fact that the Kentucky Derby has one of the greatest payouts in all of sports. (Image: USA Today) When estimating the amount of money that Rich Strike may bring in for his owner, Rick Dawson, there are a number of additional factors that must be taken into account.
Naturally, you will need to factor in the costs associated with boarding, instruction, and grooming. However, there is also the realm of stud fees and breeding rights, which is not as often discussed but generally ends up being the most lucrative component.
To be clear, I cannot in any way be considered an authority on this topic. But I’ve done a significant amount of study on it in the past, and my goal here is to at least give some directional perspective on the sector. Rich Strike is anticipated to compete in the Preakness Stakes on May 21 at Pimlico Race Course in Baltimore, Maryland.
The location of the race is in Baltimore, Maryland. This is the next phase in Rich Strike’s quest to become the first horse in history to win all three of the Triple Crown races. However, even if that doesn’t end up happening, the horse will still have a healthy market for stud fees and breeding rights.
In the course of a year and a half to two years, a horse like Rich Strike may reach its retirement age. After that, it would be transported to a stud farm, which is a facility dedicated to the boarding and breeding of horses. The amount of money charged for stud services is based on a number of criteria, such as the winning history and performance of the horse, as well as the success of its immediate progeny.
The price might vary quite a little, but the very best horses can bring in more than one hundred thousand dollars for each live foal (baby horse) that they produce. And given that it is anticipated that they would mate at least one hundred times each year, this will result in an annual revenue of almost ten million dollars for the owner.
- However, there are situations when the breeding rights might go for considerably larger, jaw-dropping amounts of money.
- After Justify won the Triple Crown in 2018, the breeding rights to him were sold to Coolmore, who is sometimes referred to as the “New York Yankees” of the horse racing industry.
- Coolmore paid $75 million for these rights.
They are able to pay such a large charge because they travel the horse between the Northern and Southern Hemispheres. This allows them to raise the number of offspring produced annually from 100 times per year to around 250 times per year, which allows them to pay such a high fee. Justify (2018): Coolmore’s contribution of $75 million ( source ) $100,000 stud fee ( source ) American Pharoah (2015) was purchased by Coolmore for $10 million ( source ) $80,000 stud fee ( source ) The amount of $14.4 million was confirmed in 1978.
- Source ) 86 winners in stakes races out of 869 named foals, with earnings of over $55.8 million from their offspring.
- The plot of Seattle Slew (1977) is a secret.
- In 1985, the stud fee was as high as $800,000, but it had dropped to $300,000 by the time he passed away in 2002.
- Source ) Secretariat (1973): $6.08 million ( source ) However, they are Triple Crown winners, and breeding rights and stud fees might significantly decrease for Rich Strike if he does not run well in the Preakness Stakes.
For instance, the following list provides the stud fees that were recorded for recent Kentucky Derby winners. Mandaloun (2021): N/A ( still racing) The stud fee for Authentic (2020) is $70,000. ( source ) The stud fee for Country House in 2019 is $7,500.
( source ) Justify (2018 – Triple Crown): Refer to the prior section for further information. $12,500 is the stud fee for Always Dreaming (2017). ( source ) Nyquist (2016): $55,000 stud fee ( source ) As can be seen, the cost of an education varies greatly from institution to institution. The fundamental principle, however, is that the fee will increase according to the number of races won by the horse.
How much does the Jockey make if he wins the Kentucky Derby?
And if the horse has children that are also competitive, the cost will increase even further. However, the price may be decreased in the event that the horse does not win any other races. The cost may be reduced even further if it is determined that the horse does not produce progeny that are capable of competing successfully.
The actual economic value of a horse like Rich Strike to its owner is something that can only be determined with the passage of time; nevertheless, we can say with absolute certainty that it is already far more than $30,000. I want to wish everyone a happy and successful day. I look forward to speaking with you tomorrow.
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What horse has the highest stud fee?
Which horses currently command the highest prices in 2018? After their racing careers are over, many thoroughbred horses go on to enjoy careers as breeders. In spite of the fact that some of them earn millions of dollars during their time in the racing industry, the most money for their owners is really produced during their time spent in the breeding industry.
- The most costly stud fees create some rather eye-popping sums in the year 2018.
- Galileo is the most pricey stallion in the world.
- Despite the fact that the charge has been marked as “private” since 2008, some sources indicate that the amount has been close to $700,00 to stud a horse.
- Tapit, an American horse, commands a price to stand at stud of $300,000 and brings in an average of roughly $12.6 million each year.
He is the most expensive horse in the United States. American Pharoah, the most recent horse to win the Triple Crown, likewise has a secret charge, although the amount is widely believed to be above $200,000 by most people.