How Much Does Kentucky Derby Jockey Winner Get?
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 money does the Kentucky Derby horse race pay?
This year marks the 147th running of the Kentucky Derby, which will be held at Churchill Downs on Saturday night. At 6:57 p.m. Eastern Time, the start of the 1-and-a-quarter-mile horserace that advertises itself as “the most thrilling two minutes in sports” is scheduled to take place.
Twenty horses and their jockeys will compete against one another not just for glory but also for a big monetary award. Some of the horses that are expected to do well in the betting include Essential Quality, Known Agenda, and Rock Your World. The payout for the 2021 Kentucky Derby will be worth $3 million, which is the same amount as the purse for the race in 2020, and it will be divided among the top five finishers.
The winner of the competition will take home $1.86 million, which is more than sixty percent of the total prize pool. The winning rider receives ten percent of the total prize money for riding their horse to victory. However, they will not keep the entire sum of $186 000 for themselves.
There is a charge of 25% that is paid to his agent, in addition to the customary tip of 5% that is given to the valet who assists him in preparing all of his gear for the race. Due to these expenses, the winning jockey will take home $55,800 less than the original payout of $130,200. After that, they are responsible for paying their taxes.
The jockeys that came in second and third place each earn a 5% share of their respective awards, which are $600,000 and $300,000, respectively. Additionally, they are responsible for paying agent and valet costs in the same proportion as the first-place finisher.
- After taking into account taxes, their gains amount to $21,000 and $10,500 respectively.
- The horses who come in fourth and fifth place earn a total of $100,000 and $60,000 respectively, while the riders of those horses receive pre-tax paychecks of $7,00 and $4,200 respectively.
- The remaining finishers each take home a pitiful amount of prize money.
According to jockey agent Ron Anderson, who was interviewed by CNBC in 2010, their ride is only worth “a couple hundred dollars each.” Take a look at: Get to know the millennial who is now in their forties: a homeowner, struggling with debt, and approaching 40 years of age Don’t miss: How much money can top draft selections like Trevor Lawrence and others expect to make on their rookie contracts after the 2021 NFL Draft?
What horse won the 2019 Kentucky Derby?
This year marks the 147th running of the Kentucky Derby, which will be held at Churchill Downs on Saturday night. At 6:57 p.m. Eastern Time, the start of the 1-and-a-quarter-mile horserace that advertises itself as “the most thrilling two minutes in sports” is scheduled to take place.
- Twenty horses and their jockeys will compete against one another not just for glory but also for a big monetary award.
- Some of the horses that are expected to do well in the betting include Essential Quality, Known Agenda, and Rock Your World.
- The payout for the 2021 Kentucky Derby will be worth $3 million, which is the same amount as the purse for the race in 2020, and it will be divided among the top five finishers.
The winner of the competition will take home $1.86 million, which is more than sixty percent of the total prize pool. The winning rider receives ten percent of the total prize money for riding their horse to victory. However, they will not keep the entire sum of $186 000 for themselves.
There is a charge of 25% that is paid to his agent, in addition to the customary tip of 5% that is given to the valet who assists him in preparing all of his gear for the race. Due to these expenses, the winning jockey will take home $55,800 less than the original payout of $130,200. After that, they are responsible for paying their taxes.
The jockeys that came in second and third place each earn a 5% share of their respective awards, which are $600,000 and $300,000, respectively. Additionally, they are responsible for paying agent and valet costs in the same proportion as the first-place finisher.
After taking into account taxes, their gains amount to $21,000 and $10,500 respectively. The horses who come in fourth and fifth place earn a total of $100,000 and $60,000 respectively, while the riders of those horses receive pre-tax paychecks of $7,00 and $4,200 respectively. The remaining finishers each take home a pitiful amount of prize money.
According to jockey agent Ron Anderson, who was interviewed by CNBC in 2010, their ride is only worth “a couple hundred dollars each.” Take a look at: Get to know the millennial who is now in their forties: Homeowner, debt-burdened and turning 40 Don’t miss: How much money can top draft selections like Trevor Lawrence and others expect to make on their rookie contracts after the 2021 NFL Draft?