The percentages a jockey receives for a Thoroughbred race range from 5% for a second- or third-place finish to 10% for first place. In less competitive races, the jockey's earnings can be as low as 0.50% for a third-place finish, 1% for placing second and perhaps 6%-10% for first place.
Riders also get performance-related pay in the shape of a percentage of any prize-money their mounts earn. This ranges from 8.5 to nine per cent of winning prize-money over jumps, depending on the race. It is 6.9 per cent on the Flat. Under both codes they take home 3.5 per cent of placed prize-money.
The new riding fees for 2022/2023 inclusive of superannuation are: Race Ride: $268.52 per ride plus GST (if any). Barrier Trial: $93.98 per ride plus GST (If any).
The amount of money a jockey can make can range widely from $28 a race from lower class races all the way to more than $180,000 per race. Win one of those big races and your annual salary jumps.
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.
Melbourne Cup Jockeys Prize Money
Jockeys are entitled to 5% of the prize money earned and will usually also receive a small amount for booking the ride. While the race horse owners are entitled to keep the Melbourne Cup trophy, jockeys are presented with a miniature cup which is worth $10,000.
As with last year, the total prize money for the 2023 Grand National is £1 million. A little over half of that sum — £561,000, to be precise — will go to the winning owner. The jockey who rides to glory tends to receive a percentage of that prize money, which is around 8% on average — around £45,000 in 2023.
Finishers receive a percentage of the purse, with 60% going to the winner, 20% to the runner-up, 10% to third place, 5% to fourth, 3% to fifth, and 2% to sixth. So, the owner of a winning horse in a race with a $20,000 purse would make $12,000.
Prize Money
The percentages a jockey receives for a Thoroughbred race range from 5% for a second- or third-place finish to 10% for first place. In less competitive races, the jockey's earnings can be as low as 0.50% for a third-place finish, 1% for placing second and perhaps 6%-10% for first place.
From 1 July 2022, payment of 10.5% Superannuation for race rides and barrier trial rides will be made for all jockeys and apprentices to the Superannuation Fund of their choice. The new ride fees from 1 January 2023 are: Race Ride: $243.00 per ride (GST exclusive).
A jockey contracts with the horse's owner or trainer and may ride as many as 10 horses in a single day. A jockey usually specializes in a specific type of racing, such as steeplechase, jump racing, or thoroughbred racing.
This is usually by way of Electronic Funds Transfer (EFT), or direct cash deposit at the bank, or by Direct Debit. Trainers' who may be unfamiliar with the process of making payments by EFT or Direct Debit, please make contact with your bank, Racing NSW or NSWTA to seek relevant advice. 1.
Apprentice jockeys earn a set riding fee for every race ride and 5% of any prizemoney won by the horse they are riding.
While a total of $1.86 million is awarded to the connections of the winning Kentucky Derby horse, the jockey aboard the champion Thoroughbred takes a 10% cut of the payout, or $186,000.
Dubai World Cup
Held annually since 1996, this prestigious event draws over 60,000 spectators every year. As the world's most lucrative horse race, it offers a staggering $12 million in prize money.
The whip can be used a maximum of 6 times in a Flat race or 7 times in a Jump race. Any more than this will prompt the stewards to review the ride.
Mohammed bin Rashid Al Maktoum owns the Godolphin stable. With a net worth estimated by some as high as £14bn but as 'low' as £3bn by other outlets, Sheikh Mohammed's firm has recorded over 5,000 winners worldwide since its inception in 1992.
Q - What does the trainer/jockey receive out of the prize money? A - The owner receives 75% of the prize money the remaining 25% is split between the trainer 10%, the jockey 10%, stable staff and racing charities 5%. Q - Can I have my own colours? A - Yes.
Like many professional athletes, the salary for jockeys can vary widely depending on the class and level of the races they compete in and how often they race. Jockeys are usually paid a mount fee which is a sum of money for each horse they race and a percentage of the prize money if they place first, second or third.
Jockeys ride horses in competitive races, race trials, and for exercise.
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.
Bobbie Lewis and Harry White are the most successful jockeys in the Melbourne Cup with four wins each. Bobbie Lewis: The Victory (1902), Patrobas (1915), Artilleryman (1919) & Trivalve (1927).