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Kentucky Derby Wagering Soars: Betting Volume Surges by 500%

Betting on the Kentucky Derby once again broke multiple records.  This incudes almost a 500% growth in wagering from 1953 to 2023, with handle rising from $49 million to $288.7 million in today’s dollars over that time period. Wagering on the 150th Run for the Roses, won by Mystik Dan at 18-1 odds in 2:03.34, eclipsed the $200-million mark for the first time in the race’s history. According to Churchill Downs, Derby 150 brought in $210.7 in bets, topping last year’s record total of $188.7 million in wagers from all sources.

All-sources wagering on Saturday’s 14 races at Churchill Downs reached $320.5 million while wagering for Kentucky Derby Week races totaled $446.6 million, per Churchill Downs. Both numbers were also records. Mystik Dan paid $39.22 to win on a $2 bet. There were 156,710 fans at Churchill Downs for the 150th Run for the Roses.

Final payouts for Kentucky Derby 2024 (based on a $2 Bet)

Mystik Dan

  • Win: $39.22
  • Place: $16.32
  • Show: $10

Sierra Leone

  • Place: $6.54
  • Show: $4.64

Forever Young

  • Show: $5.58

Payouts on the finishing combos

  • Exacta: $258.56 ($2 bet)
  • Trifecta: $556.92 ($.50 bet)
  • Superfecta: $8,254.07 ($1 bet)

Rest of Saturday’s Payouts

  • $0.50 Trifecta (3/2/11) $556.92
  • $1.00 Super High Five (3/2/11/4/10) $316,920.10
  • $1.00 Double (5/3) $139.27
  • $0.50 Pick 3 (10/5/3) $319.06
  • $0.50 Pick 4 (2/10/5/3) $18,299.93
  • $0.50 Pick 5 (5/2/10/5/3) $188,957.75
  • $0.20 Pick 6 (3/5/2/10/5/3) $345,073.62

Top 5 Kentucky Derby winners’ payouts

  • Winner: $ 3.1 million
  • 2nd: $1 million
  • 3rd: $500,000
  • 4th: $250,000
  • 5th: $150,000

SOURCE www.rizeandreactmedia.comThis article originally appeared on Louisville Courier Journal: Mystik Dan wins; Kentucky Derby betting breaks Churchill Downs records, Reach sports reporter Prince James Story…..

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