Belmont Stakes purse increased to $1.5 million

Updated: December 28, 2013, 12:35 PM ET
Associated Press

NEW YORK -- The Belmont Stakes will be worth $1.5 million next year, the first purse increase for the final leg of horse racing's Triple Crown since 1998.

The Preakness Stakes announced earlier this month its purse would increase to $1.5 million. The Kentucky Derby is worth $2 million.

The purse for the Belmont, to be run on June 7, will be shared among the first eight finishers. Previously, it was split between the top five finishers on a percentage basis.

The winner will earn $800,000. The eighth-place finisher will receive $30,000.

The Belmont purse was $1 million.


Copyright 2013 by The Associated Press

This story is from ESPN.com's automated news wire. Wire index

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