Categories: Horses

$1-million boost for this year’s Kentucky Derby runners

The Kentucky Derby’s purse will be raised to $3 million this May, an increase of $1 million and the first boost in 14 years.

Churchill Downs announced that the winner of the 145th running will receive $1.86 million.

The runner-up will earn $600,000, with third place worth $300,000, fourth place $150,000 and fifth place $90,000.

The Derby purse had been $2 million since 2005 and $1 million from 1996 to 2004.

Track president Kevin Flanery a ributes the increase to more bettors using historical racing machines — the electronic form of parimutuel betting — at a recently opened facility near the track.

The second and third legs of the Triple Crown off er total purs-es of $1.5 million in the Preakness and Belmont stakes.

The purse for the Kentucky Oaks for three-year-old fillies on 3 May was raised by $250,000 to $1.25 million. It had been worth $1 million since 2011 and was worth $500,000 from 1996 to 2010.

Churchill Downs also in-creased purses for some races on the Derby Day undercard on 4 May. – ESPN.com

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By Ntsako Mthethwa