1 Player Won $321,000, Another $247,000 in Kentucky Derby Bets at Mohegan Sun (2024)

FAQs

How are Kentucky Derby winnings split? ›

So how is the winning purse money split? Typically, the owner of the winning horse receives 80% of the purse, while the trainer and jockey earn 10% apiece. This means the owner of a Kentucky Derby winner picks up $1.488 million before taxes, while the trainer earns $186,000 before taxes.

Mage won the 149th running of the Kentucky Derby on Saturday, earning a hefty $1.86 million prize for the owners — and maybe a little spending money for anyone lucky enough to bet on the horse that went off at 15-1 odds.

The most simple bets are called straight wagers: win, place, or show. A win bet is when your horse finishes first. A place bet means your horse finishes in the top two, and a show bet is when your horse comes in the top three. These bets have a $2 minimum.

Straight Bets (Minimum Cost)

Win ($2)- Horse must win race to win bet. Place ($2) – Horse must finish 1st or 2nd to win bet. Show ($2) – Horse must finish 1st, 2nd or 3rd to win bet. Win/Place ($4) – Same thing as making two separate wagers on the same horse to win and place.

Of that amount, 1.86 million dollars will go to the winning horse's owner, Gustavo Delgado. Mage, a colt who was 15-1 in the betting, had only one career win, giving little indication that he could prevail against 17 rivals in a race that is not kind to inexperienced competitors.

Q - What does the trainer/jockey receive out of the prize money? A - The owner receives 75% of the prize money the remaining 25% is split between the trainer 10%, the jockey 10%, stable staff and racing charities 5%.

He tells us the Derby payout for Commonwealth investors came out to around $92 per share. With 50 shares, he's looking at around $4,600. However, he said this is about so much more than the money.

Topline. Texas furniture kingpin Jim McIngvale—better known as “Mattress Mack”—won $75 million on Saturday after his bet that the Houston Astros would win the World Series paid off, taking home what is believed to be the largest payout in legal sports betting history.

Commonwealth Thoroughbreds is a micro-shares partnership that formed after Restrepo and Delgado acquired the colt above their initial budget from the Sequel Bloodstock consignment at Fasig-Tipton's Midlantic Two-Year-Olds in Training Sale in May 2022, having cost $290,000.

Betting on the Kentucky Derby once again broke multiple records. Betting on the 149th Run for the Roses, won by Mage at 15-1 odds in 2:01.57, inched closer to the $200-million mark with $188.7 million in bets from all sources, according to Churchill Downs.

What pays more trifecta or exacta? ›

Every once in while the payoff from the exacta pool will generate more money that the payoff from the the trifecta pool, but most of the time the trifecta pays more. The reason for this is easy enough. The exacta only requires that you pick the correct two horses, first and second.

Rich Strike won the Derby at 80-1 odds, the second-biggest upset in the race's history. He paid $163.60 for a $2 win bet. The colt's victory put little-known trainer Eric Reed and jockey Sonny Leon in the spotlight.

Rich Strike won the Derby at 80-1 odds, the second-biggest upset in the race's history. He paid $163.60 for a $2 win bet.

Win/Place or Place/Show: Simply a combination of win & place or place & show. There are two combinations, so a $2 bet would cost $4 in total.

Fierceness is the 3-1 favorite among the 2024 Kentucky Derby horses. Sierra Leone (7-2) and Catching Freedom (8-1) have the next shortest Kentucky Derby odds 2024. Honor Marie finished fifth in the Risen Star, which Sierra Leone won, and was second behind Catching Freedom in the Louisiana Derby in his most recent run.

Payouts for this year's Derby — set for May 4 — will be $3.1 million to the winner, $1 million to the runner-up, $500,000 to third place, $250,000 to fourth place and $150,000 to fifth place. Churchill Downs announced a 50-stakes schedule for the 2024 Spring Meet that will run April 27-June 30.

Also, $1 million will be awarded to the runner-up, $500,000 to third, $250,000 to fourth and $150,000 to fifth. 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.

Very few jockeys make the run for the roses, but the United States has more than 50 race tracks and there are even more internationally. Pay can be as little as $28 per race and as much as $124,000 for a triple crown competition.

Purse money

Finishers receive a percentage of the purse, with 60% going to the winner, 20% to the runner-up, 10% to third place, 5% to fourth, 3% to fifth, and 2% to sixth. So, the owner of a winning horse in a race with a $20,000 purse would make $12,000.