Nyquist is the winner of the 142nd Kentucky Derby. (Getty)
Winning the Kentucky Derby not only comes with prestige but is also profitable for race teams. Nyquist received an added boost this year for winning the Kentucky Derby.
According to ABC News, owners Ken and Sarah Ramsey paid a supplemental fee of $200,000 to enter Oscar Nominated in the field. Oscar Nominated’s entry made this year’s purse $2,391,600 with Nyquist receiving $1,631,600 for winning the race. In 2015, American Pharoah took home $1,240,000 for winning the Kentucky Derby.
The top five horses received prize money. According to TheTripleCrown.com, Exaggerator came in second place for $400,000. Gun Runner’s third place finish amounted to $200,000.
Mohaymen came in fourth place and received $100,000. Suddenbreakingnews rounded out the payouts in fifth place to receive $60,000. For competing teams there was an entry fee of $25,000 along with a $25,000 starting fee.
According to OddsShark, Nyquist was the favorite to win this year’s Kentucky Derby at +300. Nyquist entered the race undefeated and was coming off a victory in the Florida Derby over favorite Mohaymen.
Exaggerator was next in line at +750. Kent and Keith Desormeaux tried to make history by becoming the first jockey/trainer pair to win the race as brothers.
Despite his disappointing showing in the Florida Derby, Mohaymen was third in the odds at +800. Gun Runner was fourth in the odds at +900 and came into Saturday’s race first in the point standings. Creator was fifth at +1200.
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Kentucky Derby Purse & Prize Money Breakdown for 2016