Wasserman L.A. Committee OKs Mayor Signing Bid Contract Danica Patrick Renews Healthcare Partnership DraftKings Breaking Ad Campaign ESPN Adding New College Sports Service Mariners Fire GM Jack Zduriencik 49ers Take Another Image Hit With Brooks Charge Yahoo's Forde Balances CFB, Daughter's Swim Meet Russell Wilson Clarifies Water Comments Dolphins Unveil Sun Life Stadium Renovations
SBD/Issue 73/Events & AttractionsPrint All
Churchill Downs Raises Purse
For Kentucky Derby To $2M
Churchill Downs increased the purse for the Kentucky Derby to a record $2M guaranteed, doubling last year’s $1M, which had been the purse since ’96. The race will now offer prize money to the top five finishers, rather than top four. The winner will receive $1.24M, or 62% of the purse (Churchill Downs). In Louisville, Jennie Rees notes the upgrade makes the Derby “the second-richest race in North America behind” the $4M Breeders’ Cup Classic. Execs from the Maryland Jockey Club and NYRA said that the purses for the Preakness and Belmont Stakes will remain $1M each this year (Louisville COURIER-JOURNAL, 1/5). Churchill Downs President Steve Sexton, on the possibility the Derby could become sponsored and its purse raised even more: “As prudent business people, we’d have to consider a market partner of the right magnitude for the Derby. We just haven’t come up with the right formula or partner” (HERALD-LEADER, 1/5).