LOUISVILLE, Ky. — According to Reuters, the most recent economic impact study commissioned shows that in a non-COVID year, the Kentucky Derby has a $400 million dollar economic impact on the region. Statewide, the equine industry has a $4 billion impact, generating more than 55,000 jobs.
How does the Kentucky Derby impact the economy?
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 profit is brought in by the Kentucky Derby?
Louisville Tourism is in the process of calculating how much revenue this year’s Derby generated, but a typical Derby weekend brings in around $400 million, making it Louisville’s biggest revenue generator of the year.
What’s the big deal about the Kentucky Derby?
It is also known in the United States as “The Most Exciting Two Minutes in Sports” or “The Fastest Two Minutes in Sports” because of its approximate duration. It is the first leg of the American Triple Crown, followed by the Preakness Stakes, and then the Belmont Stakes.
How many people watch the Kentucky Derby on TV?
16.0 million viewers
With 16.0 million viewers, the 2022 Kentucky Derby is the most watched “Run for the Roses” since 2019 and marks an 8% increase from last year’s event (14.9 million on Sept. 5).
TOP METERED MARKETS FOR 2022 KENTUCKY DERBY (Race Portion)
| 1. | Louisville | 28.5/63 |
|---|---|---|
| T9. | Providence | 10.7/27 |
| T9. | Hartford | 10.7/28 |
What effect does horse racing have on the economy?
From those direct effects, the horse industry’s contribution ripples out into other sectors of the economy. Adding these ripple effects results in an estimate of the total contribution of the horse industry to the U.S. economy of $122 billion, and a total employment impact of 1.7 million jobs.
What does horse racing do to the economy?
The horse industry in the United States contributes $39 billion in direct economic impact to the U.S. economy and supports 1.4 million jobs on a full-time basis, according to the same AHC study.
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.
How much money is gambled on Kentucky Derby?
North American Racetracks: Money Bet on the Derby (Simulcast)
| Year | On-Track (Program) | All Sources (Race) |
|---|---|---|
| 2019 | $48.4m | $165.5m |
| 2018 | $39.2m | $149.9m |
| 2017 | $32.8m | $139.2m |
| 2016 | $23.5m | $124.7m |
How much does it cost to put a horse in the Kentucky Derby?
Horses should be nominated to be eligible in the Kentucky Derby. If you want to enter a horse in the Derby, you should pay $25,000 as an entry fee and an additional $25,000 as the starting fee. Moreover, to be nominated early, you should pay a $600 early nomination fee.
How much money is spent at the Kentucky Derby?
Churchill Downs Betting History – How Much Money Gets Bet on the Race (Millions)
| Year | Attendance | All Sources Race |
|---|---|---|
| 2021 | 51,838 | $155.4 |
| 2020 | *None* | $79.4 |
| 2019 | 150,729 | $165.5 |
| 2018 | 157,813 | $149.9 |
How much do the owners make at the Kentucky Derby?
In 2022, the total purse is $3 million, and the 3-year-old Thoroughbred that comes in first at Churchill Downs in Louisville will earn its owner $1.86 million of that haul — and that’s just one race.
How much does a Kentucky Derby jockey make a year?
Taxes must be paid on the winnings, too, so that $186,000 cut can quickly dwindle down to $50,000 in take-home pay. The second- and third-place jockeys each get a 5% cut of $600,000 and $300,000, respectively, and will distribute the same percentage as the winner to their agent and valet.
How much does it cost to watch the Kentucky Derby in person?
2022 Kentucky Derby General Admission Tickets
| Purchase Date | Price |
|---|---|
| Jan. 1 – Feb 28 at 11:59PM ET | $72 |
| March 1 – April 17 at 11:59PM ET | $77 |
| April 18 – Day Before Event at 11:59PM ET | $82 |
| Day of Event (May 6) | $87 |
Who calls the Kentucky Derby on NBC?
Larry Collmus
2010s
| Year | Network | Race caller |
|---|---|---|
| 2019 | NBC | Larry Collmus |
| 2018 | NBC | Larry Collmus |
| 2017 | NBC | Larry Collmus |
| 2016 | NBC | Larry Collmus |
How many seats are in a box at Derby?
6 seats
Box seats are groups of 6 seats on the 1st level of the facility. Boxes are located outdoors, overlooking the dirt and turf racetracks, and sit directly parallel with the finishing stretch.
How much money does the horse racing industry 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.
How much money is spent on horse racing each year?
There were 4,072 race days in 2021 versus 3,302 in the prior year. The average amount wagered per race day dropped, from $3,307,976 to $3,000,591, a decline of 9.29%. Purses also showed a dramatic increase during the year. Total U.S. purses for the year were $1,180,853,677, a 35.77% increase over 2020.
How much does the horse industry contribute to US economy?
The horse industry contributes $122 billion annually to the U.S. economy. The horse industry produces goods and services of $50 billion as a direct economic impact on the U.S. economy. Additionally, the industry contributes $38 billion in direct wages, salaries, and benefits.
Where does the money from horse racing go?
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%.
What race horse made 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.