How Much Money Does A Kentucky Derby Jockey Make?

How Much Money Does A Kentucky Derby Jockey Make
At the Kentucky Derby, the winning jockey receives 10% of the total payout won by their horse. Sonny Leon’s jockey earned a total of $186,000 for his win this year.

Do jockeys get paid well?

The majority of jockeys are self-employed, however there are a select few elite riders that are paid a “retainer” to ride for specific owners or trainers. These riders are considered “retained.” It is extremely rare, if not impossible, for retainers to become public knowledge.

  1. For instance, A.P.
  2. McCoy, the most successful jockey in the history of National Hunt racing, is rumored to have received up to one million pounds yearly from Irish billionaire J.P.
  3. McManus, but the exact amount was never disclosed.
  4. Jockeys who are self-employed are paid riding fees on a ride-by-ride basis at a set rate of £120.66 or £164.74 each ride, depending on whether they participate under Flat or National Hunt regulations.

This rate is determined by the type of racing they do. In addition, jockeys are entitled to a share of the prize money won by their mounts, ranging from 3.5 percent of the prize money for placing to 7 to 9 percent of the prize money for winning, as well as revenue from any sponsorship deals that are sanctioned.

On the other hand, jockeys are required to make a number of deductions, including payments to their agency, their valet, and the Professional Jockeys’ Association (PJA), amongst other organizations. These deductions, when added up, equal to around 25 percent of the riding costs and 10 percent of the prize money.

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In a nutshell, jockeys may make tens of thousands, hundreds of thousands, or even millions of pounds per year if they reach the very pinnacle of their industry. The ordinary rider may expect to make around in the region of £30,000 per annum, after tax and costs, while an apprentice or conditional jockey could easily earn less than half of that amount.

How are jockey agents paid?

Note from the Editor: This essay was initially published in the edition of the Quarter Racing Journal dated July 2013 and can be seen there. By Denis Blake The jockey agents are a component of the horse racing industry that is mostly unseen but absolutely necessary.

  • Behind the scenes at a racetrack are a lot of hardworking men and women, from the grooms and hot walkers who take care of the horses to the outriders and gate crew who put their own health at risk to safeguard the riders and horses.
  • Although the job of a jockey agent is neither hazardous nor physically demanding in the same way that many other positions at racetracks are, many who work in the field have a strong enthusiasm for the sport despite the long hours that come with the job.

Even children who were raised in racing families are more likely to picture themselves riding an All American Futurity (G1) winner than they are to picture themselves as the person who books the winning jockey’s mount. This is because being a jockey agent is not exactly a job that most children dream about having when they are younger.

  • But for the very few people who engage in the practice of “hustling book,” it may be the next best thing (and it is a great deal safer).
  • An agent is expected to perform a variety of duties, including those of a salesperson, negotiator, travel agent, and others.
  • Although the remuneration can be significant — agents typically receive 25 percent of their jockey’s profits, and many agencies represent numerous riders – the daily routine typically begins well before the sun rises and does not conclude until after the last race of the day.
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Working in an industry such as horse racing, where even the greatest jockeys only win roughly one out of every five races, and where making the incorrect choice on which horse to ride may lose an agent and rider thousands of dollars, can also be challenging.

  • Athy Murphy, who represents Esgar Ramirez and Jesse Lee Levario, stated, “My phone rings 24 hours a day, and my kids joke that it’s linked to my arm.” Murphy is the attorney for Ramirez and Levario.
  • It takes up all of our time, particularly when we are going through trying times.
  • In the event that we dismount this horse, what are the implications that would follow? If we continue to beat this dead horse, these individuals are going to be delighted, but someone else is going to be upset.” According to Murphy, a normal day for her starts before the morning works, when she seeks to match her riders with horses who have a chance to win in the future.

Murphy, whose brother Glen is a prominent Thoroughbred rider, remarked, “Basically, I plan all of the gallops and training in the morning.” “The next thing I do is obtain my condition book, read through each day, and make notes in it about which horses I believe are likely to be running in which races.