12/28/2013 1:31PM

Belmont Stakes purse raised to $1.5 million


The purse for the Belmont Stakes has been raised by 50 percent to $1.5 million, according to a press release issued by the New York Racing Association on Saturday.

The Belmont, the third and longest jewel of Thoroughbred racing’s Triple Crown, had been worth $1 million since 1998. It will be run for the 146th time on June 7, 2014. The increase puts the “Test of the Champion” more in line with the Kentucky Derby, which is worth $2 million, and the Preakness, which earlier this month also received a $500,000 boost after being run for $1 million since 1998.

“The Belmont Stakes is the main attraction of the biggest day of the year at Belmont Park, and we felt this increase suitably reflects the race’s status as one of the sport’s prestigious Triple Crown events,” said Martin Panza, who last month was appointed Senior Vice President of Racing Operations for the NYRA. “I am grateful to Steve 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 first four finishers in the Belmont will earn six-figure paydays, with $800,000 earmarked for the winner, $280,000 for the runner-up, $150,000 for the show horse, and $100,000 to the fourth-place finisher. Fifth money is $60,000, followed by shares of $45,000 for sixth, $35,000 for seventh, and $30,000 for eighth. This represents a slight change from previous years, when the percentage splits were 60-20-11-6-3.

“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.”

Shawn Britton More than 1 year ago
Tonight at 830pm on hrtv . Is the story of mucho macho man. I hope all horseplayers/fans tune in. A wonderful story. What our sport needs.
rahman Williams More than 1 year ago
DAM!!! They are not giving up on this DrF plus. Shove it down are throat we will like it. I am not buying it period they can make every article DrF+ all I care even the race recaps. I will not be buying this.
Bellwether4U More than 1 year ago
Like the people showing up and the people betting on Laurel Park...Slim & None...
Matthew Ellis More than 1 year ago
Agree, I don't see the value ( when a member ) it didn't increase my ROI
Matthew Ellis More than 1 year ago
Clocker Reports are worth the $ price for serious players/investors and besides they pay for themselves
W.G. More than 1 year ago
What NYRA should do next is to move the Coaching Club American Oaks (what used to be the only Classic race in America for fillies that has been "dumped on" in recent years) back to Belmont and to two weeks after the Belmont Stakes, with that race also worth $1.5 million and returned to its former distance of 1 1/2 Miles with the same payment structure as the Belmont Stakes as the beginning of a return to longer distances races in general. That would make a huge statement to the sport and put the CCA Oaks in position to be the third leg of an official Filly Triple Tiara with the Kentucky Oaks as the first leg and either the Black Eyed Susan at Pimlico (if Pimlico wants to move that race off its traditional date to Memorial day Monday) or the Cotillion at Parx Racing (moved from September if Pimlico does not wish to move the BES) as the middle leg, in either case lengthened to 1 3/16 Miles and the KY Oaks lengthened to the same 1 1/4 Miles the boys go. This kind of official Filly Triple Crown would help grow the sport a lot.
Matthew Ellis More than 1 year ago
A very good idea. AGREED a Historically Accepted Grade 1 ( Breeding and Racing )
Michael Aronow More than 1 year ago
Martin Panza should be thanking the casino money not the named board members who acted with common sense.
Michael Aronow More than 1 year ago
Martin Panza should be thanking the casino money not the named board members who acted with some common sense for once
Anonymous More than 1 year ago
The increases for the Preakness and Belmont to $1.5 million respectively,were long overdue in the era when there are many $1 million races for 'Derby horses' in America including the Delta Jackpot for 2 year olds pointing to the following year's Triple Crown events, as well as the Wood Memorial, Florida Derby, SA Derby, Louisiana Derby, Arkansas Derby, Haskell Invitational, and the Travers. None of those $1 million purses include any of the $1-$5 million Breeders' Cup races although 3 year olds run in many of them. Besides those facts, the Preakness and Belmont charge very high admission and seat priceses just like the Kentucky Derby and are among the races that attract the highest wagering handles in America and abroad . Frankly, the Derby should be a $5 million race by the standards cited above and both the Preakness and Belmont should be $2.5 million each, with a bonus award for sweeping all three sponsored by the Triple Crownb tracks if no sponsor can be found. And beyond all of those worthy purses for our most glamorous spring races, isn't it about time - as many pari mutuel experts have stated - that all tracks and state agencies should find ways to lower takeouts on all racetrack wagers to levels that will attract more bettors and put the great racing game into a truly competitive position against other legalized gambling options. Steve Davidowitz
Matthew Ellis More than 1 year ago
Where is my mentor Steve Davidowitz PHD ? A true horse racing genius and teacher
Matt D. More than 1 year ago
If the day ever comes that you see a track both raise purses AND lower takeouts on all racetrack wagers, call the Vatican. You've just witnessed a miracle! By the way, Love your stat on top-weight 3 year-olds vs older. Did you collect on the Cigar Mile? Happy New Year Steve!
denali1 More than 1 year ago
Correct me if i am wrong your raising the price of admission over 60% and raising the purses 50% for the "Test of Champions". Ok and the higher purses will ensure the fullest competitive fields where more money would go their owners even for eighth place. I am not feeling this for some reason.
Chris Kantor More than 1 year ago
One free article to read. What a fn joke! I went to Bloodhorse.com and read every article for free and saw all of the race replays. Thanks Bloodhorse! Drf your joke!
mikey More than 1 year ago
Better spend a few bucks and fix up that DUMP called THE BIG A.That place is the same as it was 40 years ago (except for the casino)
Lefty More than 1 year ago
How is this going to raise the quality of the Horse though? I mean Game on Dude got fat and happy by beating up on the likes of Kettle Corn. While it was a great rivalry, I am not sure if raising the purse is going to have the desired result, which should be better racing.