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How Much It Costs To Enter The Kentucky Derby
There are three different times you may nominate your horse, the earlier you get it done, the less expensive it is. For 2007, if you nominated before January 20, it is only $600 a horse per jockey and is eligible for all the three Triple Crown races. That is why you see the big name trainers with several candidates; $600 is pocket change to the big name runners. From January 21 to March 31, this fee raises to $6000 and makes the horse eligible for all the three races (Kentucky Derby, Preakness, and Belmont), not yet too expensive if you have last minute talent in your stable. After March 31, the nominations are closed and in the past, that meant you could not enter the races regardless. A few years ago they changed the policy to account the additional nominations, but the price is a hefty one. Until the Kentucky Derby it costs $200,000 to register and be eligible for all the three Triple Crown events. If you wait until after the Derby, the price descends to $100,000, which makes you eligible for the Preakness and the Belmont, or just the Belmont if you wait until the finish of the Preakness race. There is no reduction in the price if all you want is the Belmont. These additional expenses are non-refundable, except in the case of the Derby, where it will be reimbursed if the race is over subscribed (more than 20 horses entered) and your horse does not enter the race. All horses nominated before March 31 deadline obtain the preference over these supplements. The expenses do not stop with the nomination. For the Kentucky Derby, it costs $25,000 to enter and another $25,000 to begin. That means the most inexpensive fee you can obtain in the Derby (excluding from the normal costs such as training, the veterinarian, the transportation, etc.) is $50,000 if you nominate early. If you enter the Preakness or Belmont, this is $10,000 to enter and another $10,000 to begin for each of these races. The reward for these races, other than prestige and the impact on the expenses of future stud fees, is rather high, especially for the winner. Only the Kentucky Derby adds any of the expenses to the purse, and only above $900,000, which goes to the winner. Kentucky Derby $2,000,000 minimum gross purse
Winner: $1,240,000 plus all fees in excess of $900,000
Second: $400,000
Third: $200,000
Fourth: $100,000
Fifth: $60,000 Preakness Stakes $1,000,000 guaranteed
Winner: 60%
Second: 20%
Third: 11%
Fourth: 6%
Fifth: 3%
Belmont Stakes $1,000,000 guaranteed
Winner: 60%
Second: 20%
Third: 11%
Fourth: 6%
Fifth: 3% |
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