Jockey of third place horse in Kentucky Derby – Sports News
An exciting finish to the Kentucky Derby ensued (Image: Getty Images)
Jockey Tyler Gaffalione will likely be required at hand over a important share of his winnings after steering Ocelli to a third-place end on the Kentucky Derby.
On Saturday, Ocelli carried the longest odds on the board at 70-1 out of the gate, having entered the 152nd Kentucky Derby off the also-eligible record following the last-minute scratch of Fulleffort.
Despite dropping towards the back of the pack in the opening phases of the race, Gaffalione skillfully maneuvered by way of the sphere across the ultimate flip at Churchill Downs earlier than briefly seizing the lead in the center of the stretch.
Although Golden Tempo in the end edged out Renegade in a picture end to assert victory at 2:02.27, Ocelli managed to carry on for third place, producing a huge show payout in the method.
Tyler Gaffalione will give up a appreciable sum of his earnings from the Kentucky Derby (Image: Getty Images)
As a end result of his spectacular displaying, Gaffalione is now in line for a appreciable financial reward. For the third straight yr, the Kentucky Derby boasts a $5 million purse – making it the second-richest Thoroughbred race in North America, trailing solely the Breeders’ Cup Classic.
As the third-place finisher, Gaffalione will pocket 10 % of the third-place prize money ($500,000), amounting to $50,000. Unfortunately for the 31-year-old, he’s unlikely to be permitted to retain the total sum.
As is customary, a quarter ($12,500) of the purse will go to Gaffalione’s agent, with an extra 5 % ($2,500) being directed to the valet who assisted with using gear. Once the fee divisions are finalized, Gaffalione will stroll away with roughly $35,000.
However, this determine will decline even additional when accounting for taxes, with Kentucky imposing a 4 % income tax (a loss of $1,400) plus no matter he’ll need to pay in federal taxes throughout the yr.
“I was just shocked to even have that horse in the Derby,” he added. “I couldn’t even believe the fact that he was going there. I ended up buying tickets last-minute just to be able to go.
“Of course, everybody says, ‘Oh, the horse is not meant to be there,’ and this and that, and guess what? He earned his proper. He did it.”
As for how the remaining prize money is divided, Ocelli’s owners Ashley Durr, Anthony Tate and Front Page Equestrian (Kevin Page) will collectively take home 80 percent of the $500,000 winnings ($400,000).
Once the costs of entering a horse in the Kentucky Derby ($25,000), race entry ($25,000) and Triple Crown nomination fee ($600) are deducted, that figure falls to $349,400 before taxes.
Trainer Whit Beckman — whose best Derby end result heading into this yr’s race was eighth place in 2024 — is predicted to pocket 10 % of the third-place prize money ($50,000).
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