In a statement, the Louisville, Kentucky, company said net income was $339.3 million, or $8.79 per diluted share, for the quarter ended June 30, up from net income of $108.3 million, or $2.76 per share, in the second quarter 2021.
What is the economic impact of the Kentucky Derby?
Separately, the Derby Museum says the event has a $217 million economic impact on the region, per an economic impact report, with the equine industry creating around 55,000 jobs statewide.
How much does Churchill Downs make on Derby Day?
Wagering on the Kentucky Derby Day program totaled $273.8 million, a 17% increase over 2021’s total and a 9% increase over the prior record of $250.9 million set in 2019.
How much money is gambled on the Kentucky Derby?
North American Racetracks: Money Bet on the Derby (Simulcast)
| Year | On-Track (Program) | All Sources (Program) |
|---|---|---|
| 2019 | $48.4m | $250.9m |
| 2018 | $39.2m | $227.5m |
| 2017 | $32.8m | $209.2m |
| 2016 | $23.5m | $192.6m |
How much money is spent on Kentucky Derby?
Churchill Downs Betting History – How Much Money Gets Bet on the Race (Millions)
| Year | Attendance | All Sources Program |
|---|---|---|
| 2020 | *None* | $126.0 |
| 2019 | 150,729 | $250.9 |
| 2018 | 157,813 | $227.5 |
| 2017 | 158,070 | $209.2 |
How much money does horse racing generate in Kentucky?
Racing had the highest output impact at $1.28 billion, with an employment figure of 6,251 and $601 million in value-added impact. Competition figures included 2,708 in employment, $635 million in output, and $297 million in value-added impact.
How much is the Derby worth?
What is the prize money for the Epsom Derby? The Cazoo Derby Stakes winner for 2021 will get prize money totalling £1.125 million.
How much does a Derby jockey make?
At the Kentucky Derby, the winning jockey can expect an additional payday of $300,000, or 10-percent of the $3 million purse.
How much do horse owners make for winning the Kentucky Derby?
$1.86 million
The purse for the 2022 Kentucky Derby is $3 million, with $1.86 million of that going to the winning horse’s owner (and 10%, or $186,000, to the winning jockey). The remaining purse is shared among the second- through fifth-place finishers.
How much does jockey get paid?
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.
How much does it cost for a mint julep at the Kentucky Derby?
Woodford Reserve unveils 2022 Kentucky Derby $1,000 mint julep.
What is the most money ever gambled?
William Lee Bergstrom (1951 – February 4, 1985) commonly known as The Suitcase Man or Phantom Gambler, was a gambler and high roller known for placing the largest bet in casino gambling history at the time amounting to $777,000 ($2.56 million present day amount) at the Horseshoe Casino, which he won.
How much money did secretariat sell for?
Secretariat was sold to a breeding syndicate for a then-record $6.08 million. Then there was Secretariat at the 1973 Belmont Stakes. He carried a lot more than jockey Ron Turcotte when he went to the gate a 1-to-10 favorite. He had the weight of Secretariat Mania on his back.
How much did $100 pay on Rich Strike?
Conversation. Biggest Rich Strike bet in the sportsbook was $226 to win $22,600 Plus 10 $100 bets to profit $10,000.
What race horse earned the most money?
World’s highest-earning racehorse: Winx
Her success on the track has made her a global superstar, and she is now the leading earner in horse racing, with over $18,739,211.44 (USD) in prize money. Winx’s incredible run of victories captivated the world of horse racing.
What is the highest paying horse race in the world?
With a purse of $12 million for its inaugural running, the Pegasus World Cup surpassed the Dubai World Cup as the richest horse race in the world for the year 2017 & 2018. The purse of the event rose to $16 million in 2018, but dropped to $9 million in 2019.
Pegasus World Cup Invitational Stakes.
| Race information | |
|---|---|
| Purse | $3 million (2022) |
How much money does horse racing generate in the US?
Total wagering handle topped $12.2 billion in 2021, an 11.86% increase over 2020. U.S. purses exceeded $1.1 billion, a 35.77% increase over the previous year. U.S. race days and total races jumped by more than 20% over last year.
How much does it cost to run a horse in the Derby?
The cost to train a horse, including transportation, entry fees and other costs, will escalate to approximately $150,000 per month once it’s running at a high level.
Who makes the most money at the Kentucky Derby?
Bob Baffert and Other Trainers Whose Kentucky Derby Winners Have Made the Most Money
- Nick Zito. Career earnings of Derby-winning horses: $4,837,892 ($10,021,267 in 2022 dollars)
- H. Graham Motion.
- Grover “Bud” Delp.
- Cam Gambolati.
- John Servis.
- Jack Price.
- Lazaro Barrera.
- Max Hirsch.
Who is the highest paid horse jockey?
John R. Velazquez
Columns
| Rank | Jockey Name | Total $ |
|---|---|---|
| *1 | John R. Velazquez | $460,324,298 |
| *2 | Javier Castellano | $375,043,285 |
| *3 | Mike E. Smith | $344,112,618 |
| 4 | Pat Day | $297,914,839 |
How much do horse owners make for winning?
The purse money for a horse race comes from different places, such as gambling, entry fees, and sponsorships. Typically, the amount of money bet at a track is used to determine the racing purses for a season. The winnings from a horse race are usually split between the owner 80%, the trainer 10%, and the jockey 10%.