How Much Does The Owner Win At Kentucky Derby?
- 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: At the 2022 Kentucky Derby, owner Rick Dawson was successful with his wagers on Eric Reed and Rich Strike.
“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 does the winner of the Kentucky Derby get?
What are the spoils of victory for the winner of the Kentucky Derby? Three million dollars will be awarded to the winner of the Kentucky Derby. The winning group, Rich Strike, will get sixty percent of the total prize money, or $1.86 million.
How do Kentucky Derby horse owners make money?
The owner has several opportunities to make money off of racing, including: The majority of people who own racehorses do so with the goal of profiting monetarily from their equine competitors. The total sum of money up for grabs in each competition is referred to as the “purse.” The grade level of the race is taken into consideration by the track steward when determining the amount of money that will be awarded.
In a race, those who finish in the top spots each receive a portion of the total prize money. There are certain governments that govern horse racing that award a share of the total prize money to each and every participant in a race. In some other districts, only the top six earn compensation for their work.
Typically, the winner receives payment equal to sixty percent of the entire jackpot, while second place receives twenty percent of the purse, third place receives ten percent, fourth place receives five percent, fifth place receives three percent, and sixth place receives two percent.
Jockey and trainer costs are paid out of the money earned by the horses. There is typically very little profit left over for the horse owner after all of the month-to-month costs and fees have been paid. As an illustration, in a race with a purse of $10,000, the owner of the winning horse is awarded $6,000 of that total.
After deducting the costs for the jockey and the trainer from this total of $6,000, the owner is left with $4,800. It’s likely that $4,800 won’t be enough to pay the monthly costs of keeping, feeding, and training the horse. If his horse finishes third or worse, it is quite unlikely that he made enough money to pay his expenses from the race.