Derby Purse Raised to $3 Million

LOUISVILLE, Ky. -- More money is up for grabs in the Kentucky Derby.

Churchill Downs has raised the purse for the Run for the Roses from $2 million to $3 million.   It's the first increase in 14 years.

The Kentucky Derby is among more than a dozen stakes races getting purse hikes, including the Kentucky Oaks, which is now worth $1.25 million.

Churchill Downs says the increases in prize money were made possible by $10 million in revenue from Derby City Gaming, the track's historical racing machine facility.

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