How much do jockeys make?

Jockeys are some of the original “gig workers” because they work as independent contractors. Rather than earn a salary, a jockey receives a “mounting fee” — often $50-$110 — for each race, riding sometimes eight races per day.

gobankingrates.com - How Much Do Jockeys Make? | GOBankingRates

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How Much Do Jockeys Make?

May and June are the highest-profile months for horse racing in the United States with the running of the Triple Crown races: the Kentucky Derby, Preakness Stakes and Belmont Stakes. Those marquee races are known for their rich purses — the 2022 Kentucky Derby’s purse was $3 million, with $1.86 million going to the winner, Rich Strike.

Jockey Earnings

Far less attention is given to the jockey, the person who travels the whole way with the horse. A winning jockey takes 10% of the horse’s purse at the Kentucky Derby, so $186,000 for this year‘s Derby winner, Sonny Leon. From those winnings, Leon likely paid a 25% to 30% fee to his agent and a 5% tip to the valet who helped him prepare his gear for the race. That’s still a huge payday in a sport where an average year’s earning can be around $40,000. Did You Know? Jockeys are some of the original “gig workers” because they work as independent contractors. Rather than earn a salary, a jockey receives a “mounting fee” — often $50-$110 — for each race, riding sometimes eight races per day.

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Prize Money

The real money for jockeys comes from prize money, if they can ride a horse to finish first, second or third in a race and earn part of the purse. The percentages a jockey receives for a thoroughbred race range from 5% for a second- or third-place finish to 10% for first place, according to the Covington Reporter. In less competitive races, the jockey’s earnings can be as low as 0.50% for a third-place finish, 1% for placing second and perhaps 6%-10% for first place.

Highest-Earning Jockeys

Certainly, the top jockeys do quite well. The winningest thoroughbred jockey in history is John Velazquez, who has earned $458,797,243 in his long career. He’s started over 35,000 races, winning 6,459. The next highest-earning U.S. jockey is Javier Castellano, who has started over 30,000 races with 5,568 wins, for earnings of over $374 million.

Make Your Money Work for You

Daria Uhlig contributed to the reporting for this article.

Information is accurate as of Nov. 3, 2022.

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How much would a $1 bet on Rich Strike win?

So, how much did he win his bettors? The short answer – a lot. A $2 exacta with second-place finisher Epicenter paid $4,101.20. A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10.

sports.yahoo.com - Here are the payouts and final odds for Rich Strike's win in the 2022 ...

Rich Strike did the improbable, coming in as a late replacement for Ethereal Road and racing out to a first-place finish Saturday in the 148th Kentucky Derby at Churchill Downs. Trained by Eric Reed and owned by Richard Dawson, Rich Strike overcame 80-1 odds to take the top spot in the Run for the Roses. So, how much did he win his bettors? The short answer – a lot. A $2 exacta with second-place finisher Epicenter paid $4,101.20. A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10.

Derby upse: Rich Strike wins Kentucky Derby 2022 on 80-1 odds. Was it the longest odds ever?

Here's a full listing of payouts:

Rich Strike

(Based on a $2 bet)

Win: $163.60

Place: $74.20

Show: $29.40

Epicenter

(Based on a $2 bet)

Win: N/A

Place: $7.40

Show: $5.20

Zandon

(Based on a $2 bet)

Win: N/A

Place: N/A

Show: $5.60

Payouts on the finishing combos

Exacta: 21-3, $4,101.20 (Based on a $2 bet)

Trifecta: 21-3-10, $14,870.70 (Based on a $1 bet)

Superfecta: 21-3-10-13, $321,500.10 (Based on a $1 bet)

Top 5 Kentucky Derby winners payouts

Winner: $1,860,000

2nd: $600,000

3rd: $300,000

4th: $150,000

5th: $90,000

Here are the rest of today's payouts based on wager type:

$0.50 Trifecta (21-3-10) $7,435.35

$0.50 Pick 3 (3-10-21) $1,612.20

$0.50 Pick 4 (9/3,8/10/13) $25,834.75

$0.50 Pick 5 (5-9-3, 8-10-21) $247,215.65

$1.00 Double (10-21) $1,364.90

$1.00 Super High Five (21-3-10-13-1) $741.018.90

$0.20 Pick 6 Jackpot (5, 7-5-9-3, 8-10-21) $161,630.86

Live updates: Kentucky Derby 2022: Odds, races and more at Churchill Downs

This article originally appeared on Louisville Courier Journal: Kentucky Derby payouts 2022: Winner, trifecta and superfecta

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