The salaries of Horse Jockeys in the US range from $10,049 to $271,427, with a median salary of $48,880. The middle 57% of Horse Jockeys makes between $48,882 and $123,036, with the top 86% making $271,427.
- How Much Do Horse Jockeys Make? Horse jockeys earn around $30,000 to $40,000 yearly. Their own finances acquired depends on the number of winnings and rides taken.
How much do jockeys make on a race?
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.
Do jockeys get paid well?
How much prizemoney jockeys win is decided by a very complicated Rule of Racing and varies from race type to race type and is dependent on how many places are being paid. However, as a general rule of thumb Flat jockeys receive around 7% of the advertised win prize and 3% of the advertised place prize.
How much does a Triple Crown jockey make?
Pay can be as little as $28 per race and as much as $124,000 for a triple crown competition.
How much money do horse trainers make?
The salaries of Horse Trainers in the US range from $14,300 to $384,488, with a median salary of $69,011. The middle 57% of Horse Trainers makes between $69,011 and $174,070, with the top 86% making $384,488.
What is the weight limit for jockeys?
Most jockeys are shorter and have weight restrictions So, ultimately the jockeys should not weigh more than 119 pounds, according to Bustle. While there is no height restriction, most jockeys tend to be around 4-foot-10 and 5-foot-6 due to the weight restriction.
What is Mike Smith the jockey worth?
Smith is also the third leading jockey of all time in earnings with over $336 million. In 2018, Smith rode Justify to the Triple Crown, becoming the oldest jockey to win the title at age 52.
Do horse jockeys get drug tested?
We have dedicated scientists who test thousands of urine and blood samples collected from horses each day and who study the pharmacologic effects of drugs on horses, all in an effort to insure that our sport is clean.
How do jockeys get picked?
With the condition book in hand, the jockey agent begins his work. He will study the book looking for races to get his jockey mounts. He then starts making calls to trainers and owners, asking about available rides, if they agree then the jockey is booked for that horse.
Is being a jockey a good career?
Advancement Possibilities and Employment Outlook With hard work, discipline, and experience, jockeys can make a name for themselves. Successful jockeys are known to participate in over 1,000 races every year. Better performance brings with it better opportunities and can also lead to a substantial increase in income.
How much does a jockey get for winning the Gold Cup?
Most of the time the range for jump racing jockeys sits between 8 and 9 percent, whilst flat racing jockeys find their prize money cut sitting at around 7 percent. Regardless of whether you’re talking about jump racing or flat racing, they’ll receive 3.5 percent of a placed finish’s prize money.
What is Ryan Moore salary?
All said, he has earned more than 147.4 million Pounds and is still going strong. Ryan Moore has been riding since 2000, and he is the only rider to earn more than 8 million Pounds in a season in Britain.
Do jockeys have to be short?
Though there is no height limit for jockeys, they are usually fairly short due to the weight limits. Jockeys typically stand around 4 ft 10 in (147 cm) to 5 ft 7 in (170 cm).
Do jockeys stunt their growth?
Some, such as jockeys, instead go to extreme lengths to stunt their growth – sometimes down to the size of a pre-pubescent child. In an industry where just a few extra pounds can rule you out of a multi-million dollar race, jockeys are put under enormous pressure to meet miniature weight requirements.
Do jockeys own their horses?
Can jockeys own racehorses? No, jockeys are not allowed to own a horse they ride. Too much gambling money at stake, and even the appearance of impropriety is avoided.
How Much Do Horse Racing Jockeys Make? (Average Yearly Salary)
Choosing to become a jockey is an exciting and unique job that provides the chance to ride a variety of horses. Although it has the potential to be a rewarding career, how much do horse racing jockeys make is a mystery. Horse jockeys in the United States make an average of $52,737 per year. Their remuneration is determined by the class level of the race in which they are competing, the number of races in which they compete, and the position they finish in the race. A jockey’s earnings might range from as little as $28 to as much as $184,000 or more every race.
Some jockeys will compete in as many as eight or nine races in a single day.
Experience and Requirements Needed to Become a Jockey
A person who wishes to pursue a career as a jockey must have previous horseback riding expertise. Jocking school or an apprenticeship are two of the most common ways for new jockeys to get valuable racing experience. An individual who wishes to attend jockey school must possess a high school diploma or a GED. In addition, previous horseback riding expertise is essential. There are only a handful of racing courses available, with the North American Racing Academy in Lexington serving as the most prominent of the bunch.
- For a person to keep up with the rigors of racing, they must be tough, strong, and physically fit.
- Someone can obtain their jockey’s license if they have successfully completed either school or an apprenticeship and have gained sufficient experience.
- Jocks weigh between 108 and 118 pounds on average, depending on the sport.
- Horse racing requires athletes to be both physically and mentally fit in order to keep up with the rigors of the sport.
- Travel is typical for jockeys, especially those at the top of the sport’s hierarchy.
Entry-Level Salary of a Jockey
The starting compensation for a horse jockey is roughly $10,049, and it rises in line with experience and performance. The process of moving up the rankings takes time and experience. Beginner riders would often participate in maiden and claiming races, as they are the most challenging events for them. Maiden races are reserved for horses that have not yet earned a victory and are only getting started in their professional careers. Every horse running in a claiming race, which is the most popular form, is available for purchase.
Allowance races are a step up from claiming races, although they are not quite as competitive as graded stakes events in terms of money.
Graded races are classified into three categories: Grade I, Grade II, and Grade III. Because these events are worth more money, riders who compete in graded stakes races will earn more money than those who do not.
Salary of a Top-Ranking Professional Jockey
Approximately $10,049 is the starting compensation for a horse jockey, with the salary increasing as the rider’s experience grows. It takes time and experience to rise through the ranks. Typically, first-time riders participate in maiden and claiming races to get their feet wet. Racing in maiden races is reserved for horses that have not yet scored a victory and who are just getting started in their professional lives. Every horse competing in a claiming race, which is the most popular sort, is available for purchase.
Even though allowance races are a step higher in quality than claiming races, the level of competition is still lower than in graded prizes.
Classifications for graded races are as follows: Grade I, Grade II, Grade III.
How Much Does a Jockey Per Race?
The amount of money a horse jockey earns every race is determined by the amount of money awarded to the winner of the race. A victorious rider is entitled to a part of the purse equal to ten percent of the horse owner’s share. To put it another way, if the prize money for a race is $100,000, the winning horse owner will normally receive 60% of the money, or $60,000. The jockey will then receive a percentage of the money, which would be $6,000 in total. In contrast, in lesser circuits, the payout for a race is sometimes just about $10,000 or less for each race.
Jockey Earnings for Second and Third-Place
Jockeys often receive 5-10 percent of the owner’s profits for second and third-place results, depending on the race. Owners often earn 20 percent of the purse money for second place, and 10 percent of the purse money for third place, according to industry standards. For example, in a $100,000 race with a $20,000 first-place prize, the owner of the second-place horse would take home $20,000 in prize money. The rider who finished in second place would most likely get between $1,000 and $2,000 in prize money.
In addition to the mount fee, all jockeys competing in a race will be compensated.
A mount fee typically ranges between $75 and $135 each race.
How Much Does a Jockey Make in the Kentucky Derby?
The Kentucky Derby is unquestionably the most famous horse race in the United States. During “The Run for the Roses,” which takes place every year in May, up to 20 of the nation’s greatest racehorses compete against one other. A total of $3 million has been set aside for the Kentucky Derby prize this year. The winning horse in the Kentucky Derby receives 62 percent of the prize money, or $1.86 million, for his efforts. The victorious rider receives a staggering $186,500 in prize money. In the Kentucky Derby, the second and third-place finishers each get 5 percent of their horse’s earnings, which amounts to $600,000 and $300,000 in prize money, respectively.
The horse that finishes fourth wins $100,000, while the horse that finishes fifth earns $60,000.
The fourth-place jockey receives $7,000 in prize money, while the fifth-place rider receives $4,200. As for the remainder of the riders in the Kentucky Derby, it is likely that they will only earn a few hundred dollars from their efforts.
Highest Paid Jockeys in the World
John R. Velazquez is now the highest-paid jockey in the world, having earned a total of $439,231,021 in his career. Velazquez began racing professionally in 1990, following his graduation from jockey school in his home country of Puerto Rico. Velazquez has competed in more than 34,000 races, winning more than 6,300 of those contests. He has four Kentucky Derby victories to his credit, as well as two Belmont Stakes victories. In addition, he has won 18 Breeders’ Cup races and a slew of other Grade I stakes events during the course of his career.
- Mike E.
- Taking fourth place with $297,914,839 is Pat Day, while fifth place goes to Jerry D.
- Bailey Eddie Acaro, who is included in our list of the greatest jockeys of all time, has earned a total of $2.2 million throughout the course of his 25-year career.
- He is one of the first jockeys in history to achieve more than a million dollars in earnings.
- Only a handful of them jockeys have earned more than a million dollars in their careers.
- The profession may, on the other hand, be quite rewarding, providing several excellent prospects as well as the opportunity to ride some of the best racehorses living.
Here’s how much money the winning Kentucky Derby jockey will earn tonight
The 144th running of the Kentucky Derby will take place on Saturday at Churchill Downs in Louisville, Kentucky. The event is supposed to begin at 6:46 p.m. ET, but the post time is set for 6:34 p.m. ET. The two-minute race will begin at 6:34 p.m. ET. Justify, the favorite for tonight’s race, will start from post position seven and will be attempting to become the sixth consecutive favorite to win the Kentucky Derby for the first time. In total, 20 horses will compete for the opportunity to win the first leg of the Triple Crown, with prize money also on the line.
- The winning horse’s owner receives 62 percent of the payout, or $1.24 million, for his or her investment.
- After paying his agent and the valet, who is in charge of putting the jockey’s equipment together, the total will be reduced to around $100,000.
- Even so, it’s a great payoff for only two minutes of effort on my part.
- After costs, their take-home pay will be closer to $14,000 and $7,000, respectively.
- According to jockey agent Ron Anderson, their ride is only worth “a couple hundred dollars apiece” in 2010, according to CNBC.
Do you like this story? Like CNBC Make It on Facebook to stay up to date! Don’t miss out on: If you want to drink a $1,500 mint julep during the Kentucky Derby, here’s what makes it so expensive: the ingredients.
How Much Do Jockeys Make?
Don Blais of Shutterstock.com contributed to this article. The Kentucky Derby, Preakness Stakes, and Belmont Stakes are the most well-known horse racing events in the United States, and they take place in May and June. The Triple Crown races are also held in May and June. Those big races are recognized for their huge rewards — the 2021 Kentucky Derby’s purse was $3 million, with $1.86 million going to the winner, Medina Spirit — although the horse’s failed drug test is still under investigation months after the race.
At the Kentucky Derby, a winning rider receives a share of the horse’s prize money, which amounts to $186,000 in this year’s Derby for John Velazquez, the winner.
However, in an industry where the average annual salary can range between $30,000 and $40,000, according to Career Trend — and where half of North America’s 1,559 thoroughbred jockeys earned less than $12,000 per year, according to Thoroughbred Racing Commentary, based on horses’ prize winnings as recently as 2018, that is still a significant payday.
Did You Know?
Because they are self-employed, jockeys are among the first “gig workers.” They are considered independent contractors. Instead of receiving a salary, a jockey is compensated with a “mounting fee” (often between $50 and $110 per race), and he or she may ride as many as eight races per day. The main money for jockeys comes from prize money, which they get if they can ride a horse to a first, second, or third place finish in a race and win a portion of the purse money. According to the Covington Reporter, the percentages a jockey earns for a thoroughbred race range from 5 percent for a second- or third-place finish to 10 percent for a first-place finish.
Jockeys, like other gig workers, are frequently required to pay for their own equipment, which may include saddles, helmets, vests, goggles, boots, and whips, among other things.
Velazquez is the most successful thoroughbred jockey in history, having amassed a total of $446,204,561 in his lengthy and illustrious career.
In the year 2000, Irad Ortiz, Jr.
Approximately $3.5 million was the average earnings of the top 100 jockeys in the United States in 2020, according to a research by BloodHorse. Several people, including Daria Uhlig, contributed to the reporting for this piece. The information is up to date as of November 8, 2021.
The Average Salary of a Horse Jockey
Marlenka/iStock/GettyImages Jocks are essential to the world of professional horse racing, and they are only temporarily in the spotlight when they win the Triple Crown event, which takes place every year in New York. The majority of jockeys do not necessarily make a lot of money. These petite athletes are responsible for riding the horse during the race, and while the most accomplished jockeys make six-figure salaries, the majority of them earn only a few thousand dollars. One of the most important reasons is that a jockey’s success determines a large portion of his salary — those who win races with large purses earn significantly more money.
Jockeys are often employed as independent contractors by horse trainers, who hire them on a per-job basis. During a race, the amount that a jockey is compensated for riding a horse is referred to as a “mounting fee.” This cost is not always prohibitively expensive – in most situations, it is between $25 and $100. As a result, the income of a jockey is primarily decided by his or her level of achievement, making this a high-risk job with high stakes for every race.
The purse is the real source of money for jockeys who compete for it. The purse is the amount of money that a horse receives as a prize for placing first, second, or third, with the jockey receiving a portion of the money. The quantity of the purse and the percentage won by the jockey vary from race to race, although it is always a tiny portion of the total. For example, first place may receive around six percent of the total prize money, with second place receiving one percent and third place receiving half a percent.
The majority of jockeys make between $30,000 and $40,000 per year, however there are several exceptions to this rule. For example, the best 100 jockeys in the world earned an average of $5.7 million in 2004. However, because of the wide range of prize payouts, these figures are not always reliable and constant. According to the National Rider Association, the best paid jockey received $2.1 million in purse shares in 2008, while the highest earner got $22.2 million in 2004.
Expense and Requirements
Jockeying has a cost associated with it. To be able to ride, jockeys are required to furnish their own equipment, such as saddles, helmets, and boots. A percentage of their wins is paid to agents and valets, which amounts to around 30% of their total earnings. Aside from that, they must maintain tight weight restrictions in order to be eligible and competitive – most jockeys weigh between 108 and 118 pounds, on average. Being short is also a common characteristic among jockeys, and while there are no height restrictions, having a low stature aids a jockey in maintaining his or her weight.
What Do Jockeys Earn?
If you’ve always desired to be the first horse to cross the finish line in a horse race, becoming a jockey could be the best career choice for you. Working as a jockey necessitates the possession of appropriate physical characteristics, dedication, and the chance to learn as an apprentice under a renowned trainer.
Although just a small number of jockeys compete in the Kentucky Derby, the United States has more than 50 racetracks, and there are even more across the world. As little as $28 can be earned for a single race, with the possibility of earning as much as $124,000 for a triple crown battle.
The responsibilities of a jockey go much beyond simply riding a horse to victory. Each day begins with a weight check at the track, which takes place very early in the morning. If a jockey’s weight reaches 115 pounds, he or she must first undergo a session in the hot box or sauna to loosen up. Some jockeys choose to eat only one little meal every day in order to keep their weight stable. Following the weight check, a rider prepares a horse for competition. This is referred to as a breeze, and the rider may choose to race more than one horse in the morning depending on the conditions.
On race days, a jockey will ride one or more horses in a race that will often take place in the evening.
The majority of jockeys begin their careers at an early age, riding horses and learning about the racing industry. Upon reaching the age of sixteen, a potential jockey can begin formally working with a trainer or enrolling in an apprenticeship program. In the United States, there is just one recognized racing academy, which is situated in Lexington, Kentucky. In addition to instruction about professional racing, nutrition, communication, horse care, and racing laws, education also includes information on other topics.
This is the first step on the path to become a professional racehorse jockey.
The compensation for jockeys varies depending on their level of expertise and track record of accomplishment. In 2015, starting jockeys earned as little as $28 per race on the low end and as much as $124,000 for winning the top prize in a premier race on the high end. The earnings of jockeys who do not finish in the top five in a Triple Crown race can be in the low hundreds of thousands of dollars. A lot of jockeys are represented by agents who take a percentage of their earnings. The majority of jockeys are not competing for the sake of money, but rather for the enjoyment of the sport itself.
Years of Experience
In the world of horse racing, knowledge and experience are everything. Be jockeys accumulate a large number of victories, they are referred to as winners. It’s quite improbable that an unknown rider will be selected to ride a horse in a prestigious race of any significance.
Job Growth Trend
Weight limits and the possibility of injury make this a difficult professional field to pursue. Only a small number of athletes meet the minimum size requirements, and only 12 athletes are accepted into the North American Racing Academy each year. Every year, about 2,500 people are injured while participating in horse racing, and 154 jockeys have died while riding since 1940.
How do so many jockeys survive when they’re earning so little?
A startling disparity exists in the distribution of jockeys’ earnings, with the top 20% of earners accounting for 80% of total earnings. If you’re a professional jockey, life is nice. You get to ride the greatest horses in the biggest races, and you have the potential to make a not-insignificant fortune. But what about those who are on the opposite end of the spectrum? How have they fared thus far? This is the first of two pieces that will look at the subject of inequality among jockeys based in the United States, and it is written by Paul von Hippel, associate professor at the University of Texas, who investigates some critical facts.
- Eddie Arcaro, a Hall of Fame jockey, admitted in a 1957 interview with Mike Wallace that he had earned over $2.2 million throughout his 25-year career, which is the equivalent of almost $30 million today.
- “The typical rider probably makes approximately $7,500 a year, and considering how much time he spends traveling with his family, I don’t believe he makes enough money to support himself.” Today’s income disparities are at least as severe.
- This isn’t technically a secret, but it’s not something the racing industry takes great pride in, and it’s a bit difficult to figure out from publicly available information.
- The amount of prize money won by the horses under the jockey’s saddle is reported instead of the amount of money earned by the jockey himself or herself in the sport of horse racing.
- Although a simple rule of thumb states that jockeys receive 8% of the total purse, this is only accurate on average.
- To put this in context, the average purse in a 2017 race was $27,000, with 49 percent of the money going to the winning horse, 24 percent to the second-placed horse, and 12 percent to the third-placed horse.
- In the average second-place finish, the jockey received $324, while in the average third-place finish, the jockey received $162.
In Kentucky, races with purses of at least $100,000 award the fourth-place jockey a share of the fourth-place prize money equal to five percent of the total prize money. Fourth place horses get an average of nine percent of the prize, yet gamblers who make their wagers on them are out of pocket.
The elite fifteen
If a rider finishes fourth or worse in a terrible race, he or she receives a mount fee of $50 to $110, depending on the circumstances. Depending on what the Jockeys’ Guild has agreed upon with each state racing association, the sums vary from one jurisdiction to the next. However, acting as if the Kentucky agreement applied to all jockeys across the country would not constitute a significant distortion. Under that assumption, we may approximate the cumulative distribution of jockeys’ earnings.
- In contrast, the top ten percent earned more than $155,000, the top five percent earned more than $258,000, and the top one percent — which consisted of only 15 jockeys — earned between $729,000 and $2.1 million.
- The amount earned is represented on the horizontal axis, with the highest-paid riders earning $1 million or more represented on the vertical axis.
- The 80/20 rule governs the earnings of jockeys, with 20 percent of jockeys getting 80 percent of total earnings.
- Six percent of all jockeys make half of their total earnings.
- The vertical axis is the percentage of revenue earned, while the horizontal axis represents the proportion of jockeys receiving that percentage of income.
- The Ginicoefficient is the most often used indicator of inequality, and it was.77 for jockeys in 2017.
- However, it is arguably unfair to compare the earnings of all jockeys to the earnings of big league baseball players.
- If baseball data included minor leaguers, the salary disparity would be even worse (and lower).
- The distribution of jockeys’ incomes has changed very little in this century; the only increase has come at the very top end, and that hasn’t even kept up with inflation.
- Since 2000, little has changed in terms of jockeys’ earnings.
While $2.2 million in 1957 is comparable to nearly $20 million now, Arcaro made the majority of his money before 1957. For the sake of this analysis, the year 1944 was allocated his $2.2 million in wins because it was towards the top of his career at the time, between his two Triple Crown victories.
So, how much does a jockey really earn?
Isn’t it true that jockeys must be loaded? Every week, Frankie Dettori competes in races that are worth hundreds of thousands of pounds. Ryan Moore travels the world competing in the world’s most prestigious competitions. Ruby Walsh takes first place in Grade 1s just for fun. While it is true that riders may make a good livelihood at the top levels of competition, the reality for most is quite different. To put this in context, only three Flat jockeys in the United Kingdom earned as much in riding fees and prize money in 2016 as the 200th highest-earning golfer on the PGA Tour (who earned £215,000.) But how much money does the ordinary jockey make?
- What’s the long and the short of it?
- Let’s take it step by step.
- Fees for riding are the most important source of revenue for jockeys’ earnings.
- So, for example, an experienced rider with a full book of rides may expect to earn in the region of £1,000 each day.
- The jockey’s agent receives 10% of the purse, while the Professional Jockeys Association (the riders’ union) receives 3% of the prize money.
- Valets, who put in a lot of effort behind the scenes, are compensated on a sliding scale.
- Added expenses include insurance, on-course physiotherapists, and the racing bank Weatherbys, which manages the jockeys’ costs and even charges a 50p fee for each line on the jockey’s account (imagine if your bank did something similar!).
The average jump jockey receives 215 rides per year on average.
The average Flat jockey, on the other hand, gets 300 rides each year.
Prize money and sponsorship are available.
Depending on the race, this percentage is between 8.5 and nine percent of the winning prize money for leaps.
In both codes, they receive three and a half percent of the total prize money awarded to the winners.
When it comes to prize money, flat racing has a larger value than when it comes to jumping, but earnings from prize money are highly unpredictable in both disciplines, especially for riders outside the few of stars that make up the sport’s top echelon.
The next year, after suffering an injury that kept him out for much of the summer, his prize money was more than half.
Stobart, the logistics company, sponsors all riders on their posteriors, which is undoubtedly the most conspicuous part of their bodies.
Many cyclists have supplementary sponsors in addition to their main sponsors.
Naturally, the amount of money that each rider receives is determined by their public status, sports accomplishment, and the skill with which their agent negotiates.
One of the most significant expenses for a jockey is travel, with the average rider travelling 40,000 to 60,000 miles per year at a cost of upwards of £6,000 in petrol.
Taxes must also be taken into consideration, which entails hiring accountants or spending countless hours reviewing tax forms.
So, how much money do they truly make?
It is not included in the totals below any sponsorship or retainers, which are not available in the public domain, nor any money paid to non-runners (riders get 40 per cent of the riding fee if horses are withdrawn after 9am).
Ais a strong Flat rider who has a slew of major victories to his credit on the Flat.
His share of about £2 million in prize money amounted to around £100,000 (approximately).
Rider Bis is a top 20 jump jockey who rode about 500 horses in the 2016-17 season.
The final figure is £135,000 before taxes and expenses.
Last season, he rode fewer than 200 horses, earning £22,000 in riding fees and another £20,000 in prize money as a result of his efforts.
Jockey Dis is a well-established independent Flat jockey who frequently spends his winters abroad.
Overall, £20,000 before taxes and expenses is what you get.
In fact, when top owners’ retainers and foreign prize money are factored in, the elite will almost certainly earn in the seven figures.
The final group of jockeys is the apprentice or conditional jockey, who are subject to a complex set of rules that would require a separate article to explain in detail.
It’s difficult to put a precise figure on what jockeys make, but one thing that can be said with certainty is that, in terms of sporting compensation, they receive a fraction of what footballers, cricketers, golfers, and tennis players receive in their respective sports.
Michael Steele is a writer who lives in New York City.
And when you consider the long hours, gruelling travel and physical danger they endure, we think it’s fair to say every pound and euro is money very well earned.
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Horse Jockey Salary Information – National Average
What does a horse jockey make on a daily basis? A jockey is a person who rides horses for a living, generally as a career. Jockeys are typically self-employed, and they are hired by horse trainers and owners to race their horses for a fee, as well as a share of the purse profits. They are paid on a commission basis. When a jockey is young, he or she will begin working as an apprentice jockey for the trainers, riding horses in the mornings for the trainers. Before being able to compete in races, he or she must complete a minimum of 20 barrier trials with flying colors.
A racing quarter horse may reach a high speed of nearly 55 miles per hour, while a racing thoroughbred can maintain a pace of 40 miles per hour for more than one mile.
What is a horse jockey?
Horse racing is a popular sport in the United States. The majority of jockeys are trained to ride a certain type of race. For varying amounts of time, riders in thoroughbred and quarter horse racing circle the track in an oval formation on horseback. Horses may also compete in obstacle races, which entail jumping over obstacles. The rider’s primary goal is to be the first to cross the finish line with his horse (winning jockey). The best jockeys are very proficient riders who also maintain a high level of physical fitness.
- Jockeys do more than only ride horses; they also encourage them to go as quickly as they possibly can.
- Every horse is different, and the jockey works closely with each one to ensure that they give their best performance in the race.
- A jockey will also spend time researching the history of the race track, as well as the horses and other jockeys who will be racing on the day of the competition.
- Horses who are going to be raced later in the day are frequently warmed up by their jockeys before the race.
- The steam chamber can also help you lose one to two pounds before a race by removing toxins from your system.
Depending on where their horse finishes in the race, a rider will get a percentage of the purse, which is the money granted to the horse owner in exchange for allowing their horse to compete in the race (first, second, or third).
How much does a horse jockey earn?
Horse racing is a sport that involves horses racing against one other. The majority of jockeys are trained to ride only one type of race. For varied amounts of time, riders compete in thoroughbred and quarter horse racing around an oval track. Horses may also compete in obstacle races, such as jumping over obstacles. The rider’s primary goal is to be the first to cross the finish line with his or her horse (winning jockey). Jumpers are highly competent riders who maintain a high level of physical fitness throughout their careers.
- It is not only their job to ride horses, but it is also their job to encourage them to run at their maximum speed.
- Every horse is different, and the rider works closely with each one to ensure that they give their best performance in the race.
- A jockey will also spend time researching the history of the race track, as well as the horses and other jockeys who will be racing on the day of the event.
- Horses who are going to be raced later in the day are frequently warmed up by their jockeys before the races.
- Preparing for a race by using the steam room can help you lose one to two pounds as well.
- Depending on where their horse finishes in the race, a rider will get a percentage of the purse, which is the money granted to the horse owner in exchange for allowing their horse to compete (first, second, or third).
Horse jockey pay in India
An Indian horse jockey makes an average of $1.93 per hour, according to PayScale. On average, this equates to around $4,022.60 each year. Those with more than 8 years of experience, on the other hand, may make up to $4,860.46 per year on average.
Highest paid jockey in history
During his career, he raced in over 34,000 races and won 6,289 of them. With more than 1,260 horses and about 300 victories, Irad Ortiz Jr. was the highest-paid rider in the United States in 2020, earning somewhat more than $21 million. Ortiz was the highest-paid rider in the world in 2015. Approximately $3.5 million is expected to be earned by the top 100 jockeys in the United States in 2020, according to BloodHorse.
Race and prize money
Assuming that the most popular race is the Triple Crown race, the following is the distribution of the prize money. Twenty horses will compete for the first leg of the Triple Crown, which will take place on May 4th. A total of $2 million is up for grabs, and the top five finishers will each receive a portion of the prize money. The winning horse’s owner receives 62 percent of the total prize money, or $1.24 million, as a cash payout. In addition to receiving a 5 percent share of their owner’s earnings ($400,000 and $200,000, respectively), the second and third place jockeys each receive a $20,000 reward and a $10,000 check, respectively, for finishing second and third, respectively.
Jockeys who do not finish in the top five in a Triple Crown race might earn as low as $500 if they do not place in the top five. In Kentucky, races with purses of at least $100,000 offer the fourth-place jockey a share of the fourth-place prize money equal to 5 percent of the total prize money.
How to become a horse jockey
Only a small number of athletes meet the minimum height and weight requirements, and only 12 are accepted into the North American Racing Academy each year (NARA). To become a jockey, you must possess two qualities: a strong desire to ride and the appropriate physical build. Start learning to ride and care for horses as soon as possible; this is the most efficient way to gain experience. Working with horses allows aspiring riders to have a better understanding of how horses behave, which will be beneficial when it comes to race preparation.
Height and weight requirements
Horse jockeys must also adhere to strict weight restrictions in order to be eligible to compete (typically between 108 – 118 pounds). Given the fact that a jockey must be physically fit in order to handle such large animals, this can be challenging.
Gaining experience at a racetrack or a stable is an excellent next step for anyone who enjoys working with horses and wants to pursue a career as a rider. Starting off grooming horses or ‘exercising’ horses, which is galloping a horse around a track as a practice run, is a great way to get your foot in the door.
Training and Education
There are a variety of otherJockey Training Programs to choose from. Students learn about everything from horse anatomy to racing tactics, as well as how to groom and bandage a horse’s legs and clean the stalls.
The following are some of our favorite resources.
Job interview resources
- Employers should be prepared for behavioral interview questions, according to Marquette University
- Preparing for job interviews, according to the University of Kansas
- And preparing for job interviews, according to the University of Kansas. CSUCI has published a Mock Interview Handbook, while Lebanon Valley College has published an Interview Guidebook.
Resume and cover letter resources
- Resume and cover letter writing tips from the University of Southern California
- Resume writing tips from the University of Wisconsin-Madison
- And a guide on writing a resume and cover letter from Harvard University
Job search resources
- UC Berkeley’s Building and Engaging Your Network
- UC Berkeley’s Career Ready Assessment
- And UC Berkeley’s Career Readiness Assessment
Interview Question and Answer Guide (PDF)
Download our comprehensive guide to interview preparation. Complete includes sample responses to typical interview questions and ones specific to your industry. You can have it for free. There is no need to send an email. Obtain a PDF version of this document.
How Much Does a Jockey Earn per Race?
It is one of the world’s most risky vocations to make a life by riding race horses for money. It is estimated that over 90 percent of jockeys will suffer a major injury at some time throughout their careers. Given the high level of risk involved, you would expect jockeys to make a substantial sum of money. The reality is that just a small number of riders in the sport earn six-figure salaries. The vast majority of riders earn far less. Here is a summary of how jockeys are compensated, as well as how much they receive for each each race.
The Jock Mount
Every rider who takes part in a race is guaranteed to get a certain amount of money as compensation for their efforts, regardless of whether they win or lose the event. Known as a jock mount, this little sum is one of the lowest earnings paid to a professional athlete and is among the lowest available. Riders are paid an arbitrary sum if they do not finish first, second, or third, regardless of their position on the leaderboard. The majority of racing courses charge around $50 for this service.
It is necessary for a jockey to sell in large quantities in order to make a living.
On a small racing circuit, it is not uncommon for a jockey to ride in eight or nine races in a single day, depending on the circumstances.
On average, the top jockeys win just 20 percent of the races they ride in. This suggests that they are earning much less than the winner’s share for 80 percent of the time.
How Much A Jockey Makes for A Win
Wins in races increase a jockey’s pay greatly, as does placing second or third. The winning jockey in a race is entitled to ten percent of the money, which is divided between the owner and the jockey. Consider the following scenario: a $50,000 prize is awarded for a race. The winning horse’s owner earns 60 percent of the purse money, for a total of $30,000 in prize money. The jockey then earns a share of the winner’s purse equal to 10%, or $3,000, of the total prize money. Not bad for a single race, in my opinion.
The purse for a claiming race is frequently $10,000 or less, depending on the circumstances.
If the horse they ride does not perform well, this is a better option than earning $50 in a bad situation.
Jockey Earnings for Second and Third Place
An individual jockey’s earnings increase significantly after winning a race. Ten percent of the winning jockey’s share of the money is awarded to the winning jockey in a race. Consider the following scenario: a $50,000 purse is awarded for a horse race. The winning horse’s owner earns 60 percent of the purse money, for a total of $30,000 in cash. After that, the jockey earns a share of the winner’s reward equal to 10%, or $3,000, of the total. For a single race, this isn’t too awful. A purse of $50,000, on the other hand, is rare on lesser circuits.
So in the vast majority of instances, a jockey’s earnings will be less than $1,000.
Millionaire Racing Jockeys
According to a Forbes magazine article, just a small number of jockeys earn millions of dollars each year. In 2015, the top five riders received a total of $1.3 million to $2.25 million, ranging from first to fifth place. The majority of them had to compete in far over 1,000 races throughout the year in order to reach the million-dollar milestone. And this just reflects the top five jockeys in the United States, despite the fact that there are literally hundreds of riders in the country. Aside from riding in the most prestigious races in the country, jockeys who make millions of dollars do so as well.
These races are only open to the top riders in the country, and only the best horses are provided for them to ride.
- The following is the bare minimum yearly rider compensation based on 1,000 races with no victories: $50,000
- The NFL’s minimum wage is $465,000 per year. MLB’s bare minimum wage is $507,500. The minimum NBA salary is $562,493 dollars, and the minimum NHL salary is $525,000 dollars.
This is an amazing difference between the pay of jockeys and the salaries of other sportsmen. As an example, consider the fact that athletes in the other sports mentioned are statistically less likely than jockeys to have a life-threatening injury.
The Cost of Being a Jockey
When determining how much a jockey makes, it is also necessary to take into account the expenditures that they incur. The first and most significant of these is the compensation a jockey must pay to their agent. The jockey agent is in charge of locating the horses on whom a rider will be riding in a particular race. The smallest commission a jockey’s agent can charge is 10 percent of the jockey’s total earnings. The agent will get $5,000 for every $50,000 earned by the jockey in a given year.
Some agents charge as much as 25 percent of the whole transaction.
The jockey’s valet is the next item on the list of expenditures. A valet is the person who cleans and shines the jockey’s riding attire between races, as well as their boots and tack. This individual can earn between 5 and 10% of a jockey’s total earnings for the calendar year in this position.
Can Jockeys Make Money From Endorsements?
A distinction between jockeys and athletes in other major sports is that they are not normally permitted to have endorsements. California, for example, has lately begun to establish exceptions to this general norm. In California, jockeys can now display the emblem of a sponsor on their racing breeches and get a monetary reward for doing so. A jockey may, of course, be compensated for appearing in an advertising for a product such as a sports drink or a car, but marketing agencies do not employ jockeys for this purpose.
Can Jockeys Bet on the Races?
A common practice on many racing circuits is that jockeys are not officially barred from placing bets on races in which they are not competing. Betting on races in which they are competing is a serious infraction that might result in their suspension. Some jockeys, on the other hand, have devised strategies to get past this. The jockey can simply instruct his or her agent to place a bet on a race, but doing so is dangerous and could lead to suspicion of the jockey. Another option is to have a friend or family place the wager on your behalf using an online horse betting service.
How Much Does a Jockey Earn?
In the United States, the average jockey makes around $40,000 per year in earnings. That is slightly more than double what someone earning the federal minimum wage of $7.25 an hour in the United States would earn if they worked a 40-hour week all year. A jockey’s salary of $40,000 per year barely qualifies him or her for the middle class, and it is little compared to the amount of money they take home. Do you think you’d be interested in becoming a jockey if you knew how much money you’d make?
- And this is especially true when one has to ride a moving animal that weighs more than 1,000 pounds and moves at 45 kilometers per hour!
- These men and ladies of steel provide us with a great deal of fun.
- Check out our Bovada racebook review, our Twinspires review, or even our Betamerica review for more information.
- 5Dimes review for everyone in the world!
- Do Horse Racers Make a Lot of Money? Is Horse Racing a Profitable Business? During a race, a French jockey was savaged by a rival horse.
Here’s How Much Money the Kentucky Derby Winner Gets
Many of the businesses that appear on Money advertise with us. However, remuneration and in-depth research are the factors that influence where and how firms appear on our website. Learn more about how we generate revenue. In 2018, the Kentucky Derby will take place on Saturday, May 5, with the first race set to begin a little after 6:30 p.m. Eastern Time. You can stream the Kentucky Derby on the sport-focused serviceFubo TV, as well as on streaming services such asHulu LiveandYouTube TV, which often include NBC channels in their packages.
- ET on your localNBC station, and you can stream the Kentucky Derby on the sport-focused serviceFubo TV, as well as on streaming services such asHulu LiveandYouTube TV What really is at stake?
- It is predicted that around $200 million would be wagered legally on the big race day itself, according to the latest estimates.
- Given that the Kentucky Derby is now in its 144th year of existence, it’s particularly astounding to realize how massive—and expensive—the event has grown over the course of its history.
- Today, around 170,000 people attend the Kentucky Derby in person, while more than 16 million people watch the race on television.
- General admission tickets for today’s edition of the Kentucky Derby start at approximately $75, while some of the most expensive “Millionaires” section seats may fetch upwards of $6,000 or more.
Naturally, the amount of money gambled on the event has increased significantly over time. Similarly, the amount of money awarded to Derby winners has increased significantly over the years. Listed below is a breakdown of the awards awarded to Derby winners and riders in 2018.
How Much Does the Kentucky Derby Winner Get?
In 1913, the winner of the Kentucky Derby was awarded $5,475. The purse had reached $100,000 by the 1950s, had climbed to $1 million by 1995, and is currently valued at roughly $2 million. The winner of the Kentucky Derby does not get the entire prize money. The prize money is divided among the top five finishers, with the winner earning around $1.24 million and the four fastest other teams receiving between $60,000 and $400,000 in cash and prize money. After the horse’s racing career is complete, its owners can earn even more money through stud fees, which continue to accrue for years after the horse’s racing career is ended.
American Pharoah earned a total of $8.7 million in prize money throughout his career, and he has since retired, he has been paid a $200,000 fee for each healthy foal he has sired.
How Much Money Does the Jockey Get for Winning the Kentucky Derby?
Jocks receive 10% of the total prize money from races in which their horses win or place, on average. As a result, the winning jockey in the Kentucky Derby would get a gross salary of around $124,000. A jockey, on the other hand, is required to pay around 30% of his earnings to his agency and valet. Everyone is also responsible for paying taxes on this money. Even once the money is distributed, the net takeaway for Kentucky Derby winning jockey is significantly less than $100,000, with the net takeaway for the winner being closer to $50,000 than it is $100,000.
A rider might earn as low as $28 to $100 for riding in a race in which his or her horse does not win or finish in the top three positions.
Athletes, including professional jockeys such as Victor Espinoza, who rode American Pharoah to the Triple Crown in 2015, ride in many races on major race days such as the Kentucky Derby.
Espinoza earned a total of $1.68 million in gross earnings that year, but he had to compete in nearly 500 races to achieve that total.
How Much Money Is Bet on the Kentucky Derby?
On Derby Day in 1908, the audience placed a total of $67,570 in wagers, with $18,300 of that amount going into the Derby event itself. In 1984, spectators placed approximately $19 million on the Kentucky Derby, breaking the previous North American record for betting on a single horse race. According to the Kentucky Derby’s official history, considerably over $130 million has been wagered on the event each year in previous years, and the total legal gambling for all of the day’s races has surpassed $200 million in recent years.
It should be noted that these statistics do not reflect the large sums of money that were illegally wagered on the event.
Jockeying For Millions: What America’s Best Riders Earn In A Year Of Thoroughbred Racing
This is an enlarged version of a tale that was first published in a print publication. Every year, a PRIZE STEED may bring in a substantial number of money. What is the jockey’s opinion? “That’s a different hue from the rest of the horses.” Even the highest-paid blue-ribbon riders in the United States receive about a tenth of the money collected by the owner. (For example, the Dubai World Cup has a $10 million purse; the owner of the first-place horse receives 60 percent of the profits, or $6 million, while the jockey receives $600,000.) Riders finishing in second and third place earn 5 percent of the owner’s part, which drops to 20 percent for second place and 10 percent for third place, and the figures continue to decline rapidly beyond that point.
They do not generally have sponsors since advertising regulations varies from country to country and some owners want prior consent before advertising.
“Top riders like as Javier Castellano and John Velazquez may compete in 1,200 races every year, but we are unable to enter into a year-long sponsorship agreement with a corporate sponsor since they often do not know which horse they will be riding until two days before a race takes place.
meanwhile, Castellano and Velazquez were able to secure Derby-day sponsorship arrangements with Ram trucks.
One unfortunate fall may bring a whole career to an end, as was the case with award-winning rider Ramon Dominguez in 2013.
Here’s how the top five riders fared in their respective categories in 2015: 1.
The total amount of money available is $28.1 million.
Irad Ortiz Jr.Starts in 2015: 1415Total purse: $23.5 million Approximately $1.88 million in earnings 3.
The total amount of money available is $15.7 million.
John Velazquez2015 starts: 1,001Total purse: $20.4 million2015 starts: 1,001Total purse: $20.4 million Approximately $1.63 million in earnings 5.
Joel RosarioStarts: 1,083Total purse: $17.3 millionIn 2015, there are 1,083 starts. $1.38 million in net income The Equibase Corporation provided the information.