Mexico Drives Copa America Attendance Oregon's Hayward Field Readies For Oly Trials Copa America Final Draws Big Crowd Buffalo Praised For NHL Draft Parent Company Of Louisville WTA Event Folds Alvarez-Golovkin Bout Delayed Until Late '17 Wimbledon Tech Monitoring Fans' Emotions USMNT, Argentina Do Battle In Houston CWS Beer Sales Going Smoothly Thus Far MiLB Aircraft Carrier HR Contest A Success
SBD/Issue 73/Events & Attractions
KY Derby Purse Raised To $2M; Race Considers Title Sponsor
Published January 5, 2005
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).