The Multi-Million-Dollar Financials Behind A Kentucky Derby Winning Horse (2024)

FAQs

What was the payout on the $2 bet for the Kentucky Derby? ›

UPDATE: Here are the 2023 Kentucky Derby payouts on a $2 bet: Mage: $32.42 to win, $14.58 to place, $9.08 to show. Two Phil's: $10.44 to place, $6.52 to show. Angel of Empire: $4.70 to show.

Mage won $1.86 million for taking home victory in the 2023 Kentucky Derby. “We won the Kentucky Derby! Words don't do it Justice. What a day, what a ride, what a horse,” Commonwealth tweeted.

The purse for the 2023 Kentucky Derby was 3 million dollars, the highest purse in Triple Crown racing.

How much do you earn from winning the Triple Crown in horse racing? The 2023 Triple Crown consists of three events: the Kentucky Derby, Preakness Stakes and Belmont Stakes. The total purse for the Kentucky Derby was $3 million, while the payout for the Preakness Stakes and Belmont Stakes is $1.5 million.

Kentucky Derby Bettor Hits Superfecta for $28.5K in First Ever Racing Bet.

Kentucky Derby superfecta payout

For those who placed $1.00 superfecta bet on Mage, Two Phil's, Angel of Empire and Disarm to finish first through fourth in that exact order, you are winning $15,643.60! That is quite a large sum of money to be taking home.

This ranges from 8.5 to nine per cent of winning prize-money over jumps, depending on the race. It is 6.9 per cent on the Flat. Under both codes they take home 3.5 per cent of placed prize-money. The only deduction is a ten per cent cut to their agent.

Kentucky Derby 2023 Purse: Prize-Money Payout for Each Owner, Horse and Jockey. Mage defied odds and galloped into the history books with a win at the 2023 Kentucky Derby. He also earned his connections the biggest share of the $3 million purse at stake for the 149th running of the American Classic.

nails it, picking Mage to win Kentucky Derby.

How much money does the Kentucky Derby winner take home? The first-place winner will get $1.86 million, while the jockey will take home $186,000. The second-place finisher will take home $600,000, with the jockey taking home $30,000.

How much did the owner of Mage win? ›

Commonwealth app owners who bought shares of Kentucky Derby winner Mage will get a pre-tax payment of $94.52 per share (paid $50/share) for the win. Wow a -110 payout, pretty bad! They still keep their ownership in the horse which that value will go up significantly.

By pocketing the HK$11.4 million Champions Mile first prize, Golden Sixty took his earnings to almost HK$148 million and sailed past the A$26.45 million [HK$137 million] wonder mare Winx banked during her incredible career.

Have you heard the name Seattle Slew? He won the Derby in 1977? "He sold at auction for $17,500," Chris said. "Went on to win the Triple Crown, and also had a successful breeding career."

Secretariat was estimated to be worth nearly 7 million dollars after his triumph in the 1973 Triple Crown races.

How much does a jockey get paid for winning the Preakness? The winning jockey will receive $900,000, which is 60 percent of the total purse.

With odds of 91–1, winning horse Donerail is the longest odds winner in Kentucky Derby history.

Houston furniture store owner Jim McIngvale, known as "Mattress Mack", made his odds-shifting bet for the 2023 Kentucky Derby on Saturday with less than an hour before post time. Mattress Mack bet $1.2 million on Angel of Empire with about 50 minutes until post time, NBC's Steve Kornacki reported.

The largest superfecta payout ever was an astonishing $864,253 on the 2005 Kentucky Derby. Can you imagine staking $1 on a horse race and winning nearly a million dollars? What an incredible feeling that would be!

Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.

The Superfecta Box has a $1 minimum bet per combination -- $24 minimum total cost. You can box four or more horses on a single ticket and wager $1 (or more) on each combination.

Who is the richest jockey? ›

The percentages a jockey receives for a Thoroughbred race range from 5% for a second- or third-place finish to 10% for first place. In less competitive races, the jockey's earnings can be as low as 0.50% for a third-place finish, 1% for placing second and perhaps 6%-10% for first place.

Even in a Triple Crown race, jockeys that don't finish in the top five make as little as $500. Often, jockeys have agents who take a cut of their pay. Most jockeys aren't making a run for the money but rather are racing for the love of the sport.

Churchill Downs, Kentucky Derby bring $400 million plus to Louisville.

Indeed, those interested in attending can visit Derby Experiences to see a variety of packages combining Derby and Oaks seats with access to exclusive lounges, hotels, transportation, accommodations and more. At the time of writing package prices ranged from roughly $1,270 to $7,370 per person.

The official novelization Final Fantasy I * II * III: Memory of Heroes identifies the White Mage as a female.

So how is the winning purse money split? Typically, the owner of the winning horse receives 80% of the purse, while the trainer and jockey earn 10% apiece. This means the owner of a Kentucky Derby winner picks up $1.488 million before taxes, while the trainer earns $186,000 before taxes.

John Velazquez is the highest-earning jockey of all time in America, having amassed about $430 million USD in earnings throughout his long career. Born in Puerto Rico in 1971, he moved to New York City in 1990.

What is the maximum weight for a jockey in the Kentucky Derby? ›

The Kentucky Derby, for example, has a weight limit of 126 lb (57 kg) including the jockey's equipment. The weight of a jockey racing on the flat usually ranges from 108 to 118 lb (49 to 54 kg).

Barbara D. LivingstonMage's ownership group features a diverse group that's hoping to capture the second leg of the Triple Crown Saturday. Mage won the Kentucky Derby in his fourth career start for a four-pronged partnership.

Tommy Dang - Co-Founder & CEO - Mage | LinkedIn.

The Mages Guild was founded by Vanus Galerion circa 2E 230 ^{:6 [UOL 1]} as a way of centralizing magic and thus moving away from the many separate groups (like the Psijic Order of which Galerion was a member) that had dominated the study of magic until that time.

The granddaddy of all horse betting strategies is the Superfecta, the toughest bet in all of horse racing. The Superfecta is picking the top four finishers in exact order. Minimum entries 6 for a bet to be official.

Perhaps the biggest ever bet placed on a horse race was placed in 1987, when Kerry Packer chose to wager AU$7 million on a horse that he owned that was running in the Sydney Cup.

Secretariat (March 30, 1970 – October 4, 1989), also known as Big Red, was a champion American thoroughbred racehorse who is the ninth winner of the American Triple Crown, setting and still holding the fastest time record in all three races. He is considered by many to be the greatest racehorse of all time.

$1,316,808 – The total purse earnings amassed by Secretariat during his racing career. $3,021,025 – Lifetime earnings of Lady's Secret, the leading earning racehorse sired by Secretariat. Lady's Secret was named Horse of the Year in 1986 when she won 10 of 15 starts, including the Breeders' Cup Distaff.

After the running of the Kentucky Derby, the supplemental fee to nominate to the Preakness Stakes and Belmont Stakes is $150,000; and after the Preakness the supplemental fee to nominate to the Belmont Stakes is $50,000.

Who owned Secretariat when he died? ›

Penny Chenery passed away September 18th at the age of 95. Following Secretariat's retirement from racing, Chenery became an ambassador for Thoroughbred racing and remained so, even after the champion's death in 1989.

Swerczek had been difficult to reach the day Secretariat was euthanized due to being with his son, Michael, who had been critically injured in an automobile accident.

Conclusion. While it was impossible to see the two horses race against one another, Man O'War can be considered the better racer because of its impressive career record, ability to win in poorer racing conditions, and implied faster speed due to its lengthy stride.

The salaries of Horse Jockeys in the US range from $10,049 to $271,427 , with a median salary of $48,880 . The middle 57% of Horse Jockeys makes between $48,882 and $123,036, with the top 86% making $271,427.

How Much Do Jockeys Make? According to HorseyHooves.com, the average salary for a jockey is $52,737. The average jockey's salary ranges, depending upon multiple factors including the number of races they compete in, the class level of race, and where they place in each race they ride.

In all, Turcotte won 3,032 races with more than $28.6 million in career purse earnings. Turcotte's life took a challenging turn in 1978 when a riding accident left him a paraplegic.

The exacta of Rich Strike and Epicenter paid $4,101.20 on a $2 bet, the trifecta of Rich Strike, Epicenter and Zandon paid $14,870.70 on a $1 bet, and the superfecta of Rich Strike, Epicenter, Zandon and Simplification paid $321,500.10 on a $1 bet.

So, how much did he win his bettors? The short answer – a lot. A $2 exacta with second-place finisher Epicenter paid $4,101.20. A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10.

The purse for the 2023 Kentucky Derby was $3 million, the highest purse of the Triple Crown races. $1.86 million of that amount, will be for the winning horse's owner, Gustavo Delgado, while winning jockey Javier Castellano will take 10% of that amount, $186,000.

PLACE– When you bet on your horse to “place,” you're betting that he will come in first OR second. If your horse finishes in first or second, you get to collect. Payout for a place bet is less than a win wager, but you do have the security of being able to cash in if your horse finishes in the top two spots.

How much is a 4 horse $1 exacta box? ›

A $1 exacta box of four horses would be calculated as 4 * (4-1) * $1 = $12, which equates to 12 $1 exacta bets. You can box as many horses as you like in an exacta, but this is not generally a wise betting strategy simply because all of the horses in the box do not have the same chance of finishing first or second.

You will receive a payout on both the win and show bet if your selected horse wins the race. However, if your horse comes in third place, you will only win the show bet.

Rich Strike, a late entrant in the grandest horse race, went off at 80-1 odds. Meaning a $10 Win bet on the Derby winner would've returned $818. He stunned the sports world on Saturday by winning by three-quarters of a length over second-place finisher Epicenter (4-1 favorite).

Riders also get performance-related pay in the shape of a percentage of any prize-money their mounts earn. This ranges from 8.5 to nine per cent of winning prize-money over jumps, depending on the race. It is 6.9 per cent on the Flat. Under both codes they take home 3.5 per cent of placed prize-money.

Rich Strike, winner of the 2022 Kentucky Derby as an 80-1 long shot, returned to Churchill Downs to make his 2023 racing debut on Friday.

The horse in the Kentucky Derby with the lowest odds is favored to win the race and the rest of the horses are underdogs at Churchill Downs. If you think Forte will win the Kentucky Derby and you bet $100 on that horse, you'd get a payout of $500. You get your $100 back plus your winnings of $400.

Rich Strike is a 4 year old colt and has raced from 2021 to 2023. He was sired by Keen Ice out of the Smart Strike mare Gold Strike. He was trained by Eric Reed and has raced for Richard Dawson, and was bred in Kentucky, United States by Calumet Farm.

They must be light, typically around a weight of 100-120 lb., and physically fit. They are typically self-employed and are paid a small fee from the horse trainer and a percentage of the horse's winnings.

The cost to enter a horse in the Kentucky Derby is determined by the 2019 Racing Secretary's Office of Churchill Downs and typically involves an entry fee of $25,000. In addition to the entry fee, there is also an additional fee of $1,000 for each “nominated horse,” which must be paid in two payments.