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The Kentucky Derby's purse is going up

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The Kentucky Derby's purse will be raised to $3 million this May.

That's an increase of $1 million and the first boost in 14 years.

Churchill Downs says the winner of the 145th running will receive $1.86 million.

The runner-up will earn $600,000, with third place worth $300,000, fourth place $150,000 and fifth place $90,000.

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