The new riding fees for 2022/2023 inclusive of superannuation are: Race Ride: $268.52 per ride plus GST (if any). Barrier Trial: $93.98 per ride plus GST (If any).
RIDING PAYMENTS
As of July 1, 2022, the jockey race riding fee is $230 plus GST per ride.
The new riding fees for 2022/2023 inclusive of superannuation are: Race Ride: $237.57 per ride plus GST (if any). Barrier Trial: $82.88 per ride plus GST (If any).
From 1 July 2022, payment of 10.5% Superannuation for race rides and barrier trial rides will be made for all jockeys and apprentices to the Superannuation Fund of their choice. The new ride fees from 1 January 2023 are: Race Ride: $243.00 per ride (GST exclusive).
Australia has some of the best jockeys in the world, including the No. 1 hoop on the planet in James McDonald.
Melbourne Cup Jockeys Prize Money
You might be surprised to learn that Cup winning jockeys will earn over $200,000 for their winning ride. Jockeys are entitled to 5% of the prize money earned and will usually also receive a small amount for booking the ride.
Prize Money
The percentages a jockey receives for a Thoroughbred race range from 5% for a second- or third-place finish to 10% for first place. In less competitive races, the jockey's earnings can be as low as 0.50% for a third-place finish, 1% for placing second and perhaps 6%-10% for first place.
How much prizemoney jockeys win is decided by a very complicated Rule of Racing and varies from race type to race type and is dependent on how many places are being paid. However, as a general rule of thumb Flat jockeys receive around 8.5% of the advertised win prize and 2.61% of the advertised place prize.
All Victorian race and trial riding fees are paid directly by RV to jockeys and are not taken from prizemoney. The engagement of riders for training, including jump-outs, and the terms under which they do so remains the responsibility of trainers.
Jockeys are usually paid a mount fee which is a sum of money for each horse they race and a percentage of the prize money if they place first, second or third.
Jockeys also receive a percentage of any prize-money their mounts earn – 3.5% of placed prize-money and 7-9% of winning prize-money – plus income from any approved sponsorship agreements.
Even in a Triple Crown race, jockeys that don't finish in the top five make as little as $500. Often, jockeys have agents who take a cut of their pay.
Jockey salaries typically range between $35,000 and $77,000 a year. The average hourly rate for jockeys is $25.31 per hour. Location, education, and experience impacts how much a jockey can expect to make. Jockeys make the most in Alaska, Utah, North Dakota, California, and Nevada.
A jockey contracts with the horse's owner or trainer and may ride as many as 10 horses in a single day. A jockey usually specializes in a specific type of racing, such as steeplechase, jump racing, or thoroughbred racing.
Once they have ridden 75 winners, the jockey loses their claim and becomes a fully-fledged professional. In Flat racing, Apprentice jockeys have the same weight allowances, but the winning milestones lie at 20, 50 and 95 respectively.
How much do the jockeys win? Of the prize pot and total winnings, jockeys often take a small percent. If they win, the jockey will take home between eight to nine per cent. However, the jockeys who place also take some money, but that is much lower at 3.5 per cent.
With jockeys and trainers prohibited from betting on their own horses, can horse owners bet on their horse, given how far removed they are from the race? The answer is yes. That said, they are specifically prohibited from betting against, or laying a bet on, their own horse.
Second-placed jockey cops brutal $20k hit to Melbourne Cup prizemoney over 'careless act' The joy of coming second in the Melbourne Cup for jockey Patrick Moloney took a hit post-race when he copped a massive $20,000 fine for “careless riding” in the run to the line at Flemington.
The initial entry fee is $600 per horse. Around 300 to 400 horses are nominated each year, but the final field is limited to 24 starters. Following the allocation of weights, the owner of each horse must on the four occasions before the race in November declare the horse as an acceptor and pay a fee.
Dubai World Cup
Held annually since 1996, this prestigious event draws over 60,000 spectators every year. As the world's most lucrative horse race, it offers a staggering $12 million in prize money.
Michelle Payne is one of Australia's most successful female jockeys. Her career in horse racing spans over a decade, and she has achieved remarkable success. As one of Australia's top female jockeys, she has won numerous prestigious races locally and internationally.
Most jockeys begin their training between the ages of 16 and 22. There's no maximum age limit, but the average retirement age is between 40 and 50 years old, which is when many jockeys move on to becoming trainers or agents.
At age 70, Danny Miller is Australia's oldest jockey, but Father Time doesn't seem to be slowing him down.