{"id":7019,"date":"2024-01-10T15:20:20","date_gmt":"2024-01-10T20:20:20","guid":{"rendered":"https:\/\/equestrianinfluence.com\/horsehappenings\/?p=7019"},"modified":"2024-01-10T15:20:20","modified_gmt":"2024-01-10T20:20:20","slug":"kentucky-derby-purse-raised-to-record-5-million-50-race-spring-meet-stakes-menu-totals-record-25-6-million","status":"publish","type":"post","link":"https:\/\/equestrianinfluence.com\/horsehappenings\/kentucky-derby-purse-raised-to-record-5-million-50-race-spring-meet-stakes-menu-totals-record-25-6-million\/","title":{"rendered":"KENTUCKY DERBY PURSE RAISED TO RECORD $5 MILLION; 50-RACE SPRING MEET STAKES MENU TOTALS RECORD $25.6 MILLION"},"content":{"rendered":"

LOUISVILLE, Ky. (Wednesday, Jan. 10, 2024)<\/b>\u00a0\u2013 The landmark 150th<\/sup>\u00a0Kentucky Derby presented by Woodford Reserve (Grade I) on Saturday, May 4 will be the richest in history as the purse for America\u2019s greatest race has been elevated to a guaranteed $5 million.<\/p>\n

The substantial $2 million increase to the 1 \u00bc-mile Kentucky Derby for 3-year-olds highlights a record-setting, 50-race stakes schedule cumulatively worth $25.6 million for Churchill Downs\u2019 2024 Spring Meet, which will be run over 43 dates from April 27-June 30.<\/p>\n

Prize money for the stakes schedule increased 25% or $5.1 million from last year\u2019s $20.5 million lineup thanks to Churchill Downs Incorporated\u2019s investment into historical horse racing, which supercharges funding for purses.<\/p>\n

Prior to the debut of historical horse racing at CDI\u2019s Derby City Gaming in September 2018, that year\u2019s Spring Meet featured 32 stakes races worth $8.8 million. There are now 18 additional Spring Meet stakes, and prize money for horsemen in those events has grown 190% or by $16.8 million.<\/p>\n

\u201cThese record purse increases are a symbol of the health of horse racing in Kentucky,\u201d said\u00a0Bill Carstanjen<\/b>, CEO of Churchill Downs Incorporated. \u201cChurchill Downs Incorporated\u2019s over $1 billion investment into live and historical horse racing in Kentucky over the last five years has meaningfully strengthened the entire Kentucky Derby Week and year-round racing program. It\u2019s important to acknowledge the state legislature for its commitment to working closely with private enterprise in a truly collaborative partnership to support the continued growth of Kentucky\u2019s signature industry.\u201d<\/p>\n

Thirty-eight of the 2024 Spring Meet stakes races received significant purse hikes, including $250,000 boosts to each of the following: the $1.5 million Kentucky Oaks (GI); $1 million La Troienne (GI); $1 million Churchill Downs presented by Ford (GI); $1 million Derby City Distaff presented by Kendall-Jackson Winery (GI); and\u00a0 $750,000 Churchill Distaff Turf Mile (GII). Each of the track\u2019s seven Grade I events, including the Old Forester Bourbon Turf Classic and Stephen Foster, feature a minimum $1 million purse.<\/p>\n

With a record $5 million in prize money now guaranteed for the Kentucky Derby, the winner will receive the event\u2019s highly sought-after gold trophy, a $3.1 million payday and possibly millions more as a stallion after retirement from racing. Also, $1 million will be awarded to the runner-up, $500,000 to third, $250,000 to fourth and $150,000 to fifth.<\/p>\n

Previously, the Kentucky Derby purse had been worth $3 million since 2019, and was $2 million from 2005-18 and $1 million from 1996-2004.<\/p>\n

\u201cIt is truly gratifying to view the steady growth of the Churchill Downs racing product and the entire Kentucky horse racing and breeding industry, which bettors around the world have embraced,\u201d said Churchill Downs Racetrack President\u00a0Mike Anderson<\/b>. \u201cThrough the purses generated by the racing association and the Kentucky Thoroughbred Development Fund, Kentucky horsemen and horsewomen are reaping the benefits of Churchill Downs Incorporated\u2019s historic investment as we celebrate this year\u2019s milestone 150th<\/sup>\u00a0Kentucky Derby.\u201d<\/p>\n

At $1.5 million, the 1 1\/8-mile Kentucky Oaks \u2013 the Derby\u2019s sister race staged one day prior on Friday, May 3 \u2013 remains the nation\u2019s most lucrative race for 3-year-old fillies. It had been worth $1.25 million since 2019, and was $1 million from 2011-18 and $500,000 from 1996-2010.<\/p>\n

All told, there will be a record 22 stakes races cumulatively worth $17.5 million staged over Kentucky Derby Week (April 27-May 7), including nine stakes totaling $10.8 million on Derby Day and seven totaling $5.3 million on Oaks Day.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Four races on Kentucky Derby Week will offer horses an entry and travel incentive to run in some of Europe\u2019s most prestigious races. The winner of the Old Forester Turf Classic (GI) will receive a berth to either the one-mile Queen Anne Stakes (GI) or the 1 \u00bc-mile Prince of Wales\u2019 Stakes (GI) at Royal Ascot in mid-June. Earlier on the Kentucky Derby Day program, the winner of the Twin Spires Turf Sprint (GII) will receive an entry to the King\u2019s Charles III Stakes (GI) (formerly known as the King\u2019s Stand), also staged at Royal Ascot. Three-year-old turf specialists in the American Turf (GII) and Edgewood (GII) can receive their entry to either the Betfred Derby (GI) or Betfred Oaks (GI) at Epsom Downs. The winner of the American Turf on Kentucky Derby Day will receive an entry and travel stipend to compete in the Betfred Derby while the winner of the Edgewood on Kentucky Oaks Day will receive the same benefits for the Betfred Oaks.<\/p>\n

The first condition book of scheduled races is being finalized by Vice President of Racing\u00a0Ben Huffman<\/b>\u00a0and is expected to be published in late January. More than $57 million in total prize money is expected to be offered during this year\u2019s Spring Meet (pending Kentucky Thoroughbred Development Fund final approval). Purses for maiden races will be $120,000\u00a0while allowance races will range from $127,000 to $141,000.<\/p>\n

Spring Meet stall applications are due Friday, March 1. Following its annual closure for wintertime renovations, the Churchill Downs stable area will reopen Tuesday, March 19. The first day of training on the main dirt track will be Friday, March 22.<\/p>\n

For the second consecutive year, Churchill Downs Incorporated\u2019s nearby Trackside Louisville, which accommodates more than 500 horses, has remained open year-round for wintertime stabling and training for racing at Turfway Park in northern Kentucky.<\/p>\n

ABOUT CHURCHILL DOWNS RACETRACK<\/b><\/b><\/p>\n

Churchill Downs Racetrack (\u201cCDRT\u201d), the world\u2019s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7\/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility and Race and Sports Book.\u00a0www.ChurchillDowns.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LOUISVILLE, Ky. (Wednesday, Jan. 10, 2024) – The landmark 150th Kentucky Derby presented by Woodford Reserve (Grade I) on Saturday, May 4 will be the richest in history as the purse for America’s greatest race has been elevated to a guaranteed $5 million. The substantial $2 million increase to the 1 ¼-mile Kentucky Derby for 3-year-olds highlights a record-setting, 50-race stakes schedule cumulatively worth $25.6 million for Churchill Downs’ 2024 Spring Meet, which will be run over 43 dates from April 27-June […]<\/p>\n","protected":false},"author":2,"featured_media":7020,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[97,52],"tags":[2318,2317,2316,2312,2313,2315,2314,2320,2319],"class_list":["post-7019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-events-magazine","category-events-magazine","tag-1-million-churchill-downs-presented-by-ford","tag-1-million-la-troienne","tag-1-5-million-kentucky-oaks","tag-150th-kentucky-derby","tag-150th-kentucky-derby-presented-by-woodford-reserve","tag-bill-carstanjen","tag-churchill-downs-2024-spring-meet","tag-kentucky-derby-week","tag-kentucky-thoroughbred-development-fund"],"yoast_head":"\nKENTUCKY DERBY PURSE RAISED TO RECORD $5 MILLION; 50-RACE SPRING MEET STAKES MENU TOTALS RECORD $25.6 MILLION - Horse Happenings<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/equestrianinfluence.com\/horsehappenings\/kentucky-derby-purse-raised-to-record-5-million-50-race-spring-meet-stakes-menu-totals-record-25-6-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KENTUCKY DERBY PURSE RAISED TO RECORD $5 MILLION; 50-RACE SPRING MEET STAKES MENU TOTALS RECORD $25.6 MILLION - Horse Happenings\" \/>\n<meta property=\"og:description\" content=\"LOUISVILLE, Ky. 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