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Kentucky Derby purse raised to $5 million

MAGE - The Kentucky Derby - 149th Running - 05-06-23 - R12 - Churchill Downs - Sweeping Turn 01.jpg
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LOUISVILLE, Ky. (LEX 18) — The Kentucky Derby purse for 2024 will be the richest in history at $5 million.

That is a 25% increase from last year and means the winner of Kentucky Derby 150 will receive a gold trophy, a big payday, and possibly millions more as a stallion after retirement from racing.

Previously, the Kentucky Derby purse had been worth $3 million since 2019.