How Much Do Kentucky Derby Winners Make?
- Michael Paul
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.
How Much does a jockey Make when he wins the Kentucky Derby?
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. 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 does the jockey make winning Triple Crown?
The prize money awarded to the winning jockey in the Kentucky Derby – In the event known as the Run for the Roses, the jockey who is able to successfully cross the finish line first will be awarded 10% of the winner’s money. A payment of $1.86 million to the winning horse would result in the rider receiving a share of $186,000 of that money.
Winners of the Kentucky Derby in 2021: Put Up Prize Funds Here 1 $1.86 million 2 $600,000 3 $300,000 4 $150,000 5 $90,000 — Alex Lieberman (@businessbarista) May 1, 2021 However, the jockey will not keep the full 186,000 dollars for himself. They will share some of the money. It is customary for the owner of the winning horse to hand over a fee of 25% to his or her agent as well as a tip of 5% to the valet who assisted the rider in preparing his or her equipment for the race.
Because taxes have to be paid on the wins as well, the amount that is actually taken home might be as low as half of that, which would be $50,000. The jockeys that came in second and third place each receive a 5% piece of the winnings, which comes to $600,000 and $300,000 respectively.
How much do jockeys make per race?
The amount of money that jockeys make depends on their level of expertise as well as their track record of winning races. In 2015, starting jockeys earned anything from $28 to as much as $124,000 each race, with the highest reward in a premier race being worth as much as $124,000.