Belmont Stakes purse raised to $1.5 million
Story by: Eric Wing
The New York Racing Association, Inc. (NYRA) announced today that the purse for the 146th running of the Belmont Stakes, the third jewel of thoroughbred racing's Triple Crown to be run on June 7, 2014, will be $1.5 million. The Belmont had previously offered a purse of $1 million since 1998.
The other two races that comprise the Triple Crown, the Kentucky Derby Presented by Yum! Brands and the Preakness Stakes, currently offer purses of $2 million and $1.5 million, respectively. Earlier this month, Maryland Jockey Club officials announced that the Preakness purse would be raised $500,000 from the $1 million that had been offered since 1998.
"This Belmont Stakes is the main attraction of the biggest day of the year at Belmont Park, and we feel this increase suitably reflects the race's status as one of the sport's prestigious Triple Crown events," said Martin Panza, Senior Vice President of Racing Operations for NYRA. "I am grateful to Steven Duncker, Bobby Flay, Barry Ostrager, Leonard Riggio and Rick Violette of the NYRA Racing Committee for their help and cooperation in making this increase possible."
The purse for the 2014 Belmont Stakes will be divided amongst the first eight finishers with $800,000 to the winner, $280,000 to second, $150,000 to third, $100,000 to fourth, $60,000 to fifth, $45,000 to sixth, $35,000 to seventh, and $30,000 to eighth. In recent years, the Belmont Stakes purse had been shared amongst the first five finishers on a 60-20-11-6-3 percent basis.
"Belmont Stakes runners represent the very best of their respective foal crops," said NYRA Stakes Coordinator Andrew Byrnes. "This purse increase helps ensure the fullest, most competitive field possible, and even an owner whose horse finishes eighth can earn good purse money for his or her commitment."
About The New York Racing Association, Inc.
NYRA's mission is "Meeting the highest standards in thoroughbred racing and equine safety." Founded in 1955, and franchised to run thoroughbred racing at New York's three major tracks (Aqueduct Racetrack, Belmont Park, and Saratoga Race Course) through 2033, NYRA boasts a lineage that actually stretches back almost 150 years. NYRA tracks are the cornerstone of the state's thoroughbred business which contributes more than $2 billion annually to New York State's urban, suburban and rural economy.