Derby purse raised to $3,000,000

[jms62]

Originally Posted by Kasept

The Derby purse has been ridiculously low considering that the first $1,000,000 is generated from the 20 entrants x the $50,000 it costs to pass the entry box. Last year I heard from KY-based stakeholders who feel that based on the revenue generated, the purse should be $5,000,000.

They did enhance purses throughout the stakes program with this round of increases..

From Marty McGee's piece: Meanwhile, Churchill also announced substantial purse increases for the two other major races on Derby weekend – the Grade 1 Kentucky Oaks now will be worth $1.25 million, and the Grade 1 Old Forester Turf Classic has been doubled to $1 million. The Oaks had been $1 million since 2011 and was worth $500,000 from 1996 to 2010.

Also, the Grade 1 Humana Distaff on Derby Day has been increased from $300,000 to $500,000. Four more races underwent $100,000 increases, including three on Derby Day and the Grade 2 Stephen Foster on June 15, while seven more got $50,000 raises.

Point taken. Lotus Of Siam? Will be there from Super Bowl Sunday.

[freddymo]

Unless you own a gelding the 600k bump to the winner is peanuts in the totality of a horses worth. The "prize" is the immediate 10 mil dollar valuation that colt is worth for winning the race. It's window dressing

[-BT-]

I guess they can do this now that they're charging customers $20 for a hard copy version of their Oaks/Derby tickets, on top of their inflated ticket prices

-bt-