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In the exciting world of horse racing, the Belmont Stakes is a spectacle that resonates with a blend of tradition, competition, and hefty prize money. The 155th running of the Belmont Stakes, scheduled for June 10, 2023, will be no exception, with a spectacular purse of $1.5 million up for grabs.
Set to unfold at Belmont Park in Elmont, New York; the thrilling race will see nine determined contenders vying for glory. Forte, trained by Todd Pletcher, leads the pack and is a prominent competitor for the prized Belmont Stakes championship.
Belmont Stakes 2023 Prize Money: A Lucrative Draw
The coveted title brings with it not only a significant place in U.S. horse racing history but also a substantial cash reward. The 2023 Belmont Stakes winner is set to receive a remarkable 53% of the total prize money, amounting to $800,000. However, the winner is not the only one to receive the cash prize as a few other horses will receive the part of the purse as well.
Belmont Stakes 2023 Prize Money Breakdown
The cash prize distribution for the 2023 Belmont Stakes is as follows:
- First place: $800,000
- Second place: $280,000
- Third place: $150,000
- Fourth place: $100,000
- Fifth place: $60,000
Comparing the Belmont Stakes to Other Prestigious Races
This considerable prize for the victor falls behind the prestigious Kentucky Derby’s purse of $3 million. It is significantly less than the world’s richest horse race, the Saudi Cup, which boasts an astounding $20 million purse with $10 million awarded to the winner.
Despite this, Belmont Stakes remains one of the most prestigious races in the world and a part of the US Triple Crown, which is one of the biggest achievements in horse racing, rarely accomplished and coveted for all who participate in the sport.
It is also one of the most-watched races in the US and you can tune in as well, whether you’d like to watch Belmont Stakes on TV or live stream.
From the winner’s $800,000 purse, the distribution amongst the horse’s team is usually broken down as follows: 80% ($640,000) goes to the horse’s owner, while the jockey and trainer each receive a 10% cut ($80,000 each). This division could vary based on specific agreements between the owner and the trainers.
Traditional Honors and Awards
In addition to the substantial monetary gain, the victorious horse is honored with the ‘Run for the Carnations,’ a classic tradition in which the horse is draped with a blanket of carnations.
The owner is further awarded the magnificent August Belmont Trophy, which they retain for a year, and a miniature silver replica to keep permanently. The trainers, jockey, and the horse’s breeder also receive smaller trophies as mementos of their triumphant day.
Undeniably, the Belmont Stakes carries a rich legacy that goes beyond the thrill of the race. The event presents a chance for the competitors and their teams to carve their names in the annals of horse racing history and take home an attractive sum of prize money.
So, don’t forget to tune in on Saturday, June 10th, at 7:05 pm ET, for Belmont Stakes post time, as we expect a very exciting and unpredictable race.
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