How Much Does Jockey Win For Kentucky Derby?
- Michael Paul
Prize Money for the Kentucky Derby in 2022 The horses in the field will compete for a total payout of $3 million in the Kentucky Derby in 2022, of which $1.86 million will be awarded to the stable of the horse who finishes in the winner’s circle with a bouquet of roses.
- In the meanwhile, the jockey of the winning horse who successfully crosses the finish line first will be awarded 10% of the winner’s payout, which is equivalent to a payday of $186,000 before taxes and other considerations are taken into account.
- The winning horse and jockey will earn themselves an automatic bid at the Triple Crown, a designation that comes with much fanfare in the lead up to the two remaining races that make up the Triple Crown, which are the Belmont Stakes and The Preakness.
But there is more at stake than just big money, a gold trophy, and a garland of roses. According to Twinspires.com, the following is a breakdown of the prize money that will be awarded at the Kentucky Derby: The first place prize is $1.86 million, of which the jockey will get 10%, or $186,000, of that total.
- Second Place is worth $600,000, with the jockey receiving 5% of that amount, or $30,000.
- The third place prize is $300,000, of which the jockey will receive 5%, or $15,000.
- The jockey will receive $7,000 of the total prize money of $100,000 if they place fourth.
- A total of $60,000 is awarded for fifth place, with the jockey receiving $4,000.
In addition to the significant sums of money that are at stake, the Kentucky Derby also attracts a large number of famous people and professional sportsmen every single year. Photograph by Andy Lyons for Getty Images
How much do jockeys get paid for winning Kentucky Derby?
LOUISVILLE, KENTUCKY – MAY 01: During the 147th running of the Kentucky Derby, which took place at Churchill Downs in Louisville, Kentucky on May 1, 2021, Medina Spirit #8, which was ridden by jockey John Velazquez, led the field through the first turn.
- Photograph by Sarah Stier, courtesy of Getty Images) The winner of the Kentucky Derby receives more than just a glistening gold trophy and a bouquet of roses for their efforts.
- It’s also a good little paycheck for the jockey of the winning horse, although it might not be precisely what some supporters have in mind when they think about how much they’ll get.
The winner of the Kentucky Derby this year will take home $1.86 million of the total prize pool of $3 million. This year’s event was conducted at Churchill Downs. resulting in the rider receiving somewhere about ten percent of the total prizes. Not bad for a day’s work: you get $186,000 in return.
- Those revenues, however, are reduced to around $50,000 in take-home income after agency fees, valet, and taxes are deducted.
- Which, although not insignificant in the grand scheme of things, is not nearly as much as one might imagine it to be considering the amount of money other sports personalities make.
The race known as “The Fastest Two Minutes in Sports” also has the jockey purses being distributed the quickest. Especially when one considers that even finishing in the top five might result in a rider receiving less than $10,000 in prize money. And this is before the Kentucky Derby increased the amount of money winners get from the 2019 value of $2 million to $3 million.
How much do jockeys win per race?
The amount of money that a jockey may make from a single race can range anywhere from $28 for lower-class races all the way up to more than $180,000 for the most lucrative events. If you win one of those major races, your annual income will increase significantly.