The Kentucky Derby's purse is going up
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.