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By Brad Tuttle
Updated: June 9, 2018 1:00 AM ET
Justify  #1, ridden by Mike Smith, wins the Belmont Stakes on Belmont Stakes  Day at Belmont Park on June 9, 2018 in Elmont, New York
Justify #1, ridden by Mike Smith, wins the Belmont Stakes on Belmont Stakes Day at Belmont Park on June 9, 2018 in Elmont, New York
Eclipse Sportswire—Getty Images

The 2018 Belmont Stakes took place Saturday, and history was made. Justify became the 13th Triple Crown winner after claiming victory at the 150th Belmont Stakes outside New York City.

He won the 2018 Kentucky Derby in early May and the Preakness Stakes a couple of weeks later.

In addition to glory and a spot in horse racing history, Justify’s ownerw will receive quite a lot of cash: Roughly $1.5 million in prize money will be handed out to the top finishers.

Here’s what we know about how much money the Belmont Stakes winners get — and how much Justify and his owners take home with the Triple Crown.

How Much Does the Belmont Stakes Winner Get?

The Belmont Stakes is the oldest of the Triple Crown races, predating the Preakness Stakes and Kentucky Derby by six and eight years, respectively. There are only 13 Triple Crown winners in the century-plus that all three races have been run. Before Justify, the the last was American Pharoah in 2015.

As you’d imagine, the Belmont Stakes prize money, or purse, has increased exponentially over the years. At the inaugural Belmont Stakes, which took place in 1867 at Jerome Park Racetrack in New York City, the owner of the winning horse took home a prize of $1,850 and an English riding saddle.

Since 1950, the race has been held at Belmont Park, just outside of New York City. The Belmont Stakes purse, which is split among the top finishers, now comes to a total of $1.5 million. Justify’s owners get $800,000. The second-, third-, and fourth-place finishers get between $100,000 to $280,000, and smaller amounts are handed out to the rest of the top eight.

How Much Money Does the Triple Crown Winner Get?

There is no specific monetary bonus that comes along with winning the Triple Crown. In other words, the team behind a Triple Crown winner simply receives the sum total of the top prizes in each race. The Kentucky Derby prize money now totals roughly $2 million, with $1.24 million for the winner. At Preakness Stakes, the “Middle Jewel of the Triple Crown,” $2.5 million is given out in prize money over the course of a 14-race program, including a $1.5 million purse in the main race and roughly $900,000 for that race’s top finisher.

Add up the top prizes in all three Triple Crown races, and you find out that Justify’s team won just under $3 million total by capturing the Triple Crown in 2018.

As we reported in our Kentucky Derby story, though, the owner of the horse winning the Triple Crown can make far more money in stud fees than just from prize money.

How Much Money Does the Jockey Get for Winning the Belmont Stakes?

As a general rule, jockeys get 10% of the prize money for races in which their horses win or place. So, Justify’s jockey, Mike Smith, would gross $80,000.

That’s not what the jockey would actually deposit into the bank, however. Jockeys typically pay 30% of their winnings to their agent and valet, and everyone must pay taxes on this income. So the jockey winning the Belmont Stakes probably makes around $50,000.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST