• Loading stock data...
Thursday, May 8, 2025
Join us May 14 at 1 p.m. ET for Future of Sports: Leagues of Their Own Register Now

Historic Kentucky Derby Sets Record Betting Handle

  • Saturday’s 148th edition saw a record betting handle of $179 million in the parimutuel pool.
  • The historic race was won in dramatic fashion by 3-year-old colt Rich Strike at 80-to-1 odds.
Peter Casey-USA TODAY Sports

The second-largest upset in Kentucky Derby history saw a record number of wagers placed on the “greatest two minutes in sports,” according to ESPN. 

Saturday’s 148th edition saw a record betting handle of $179 million in the parimutuel pool, a 17% increase compared to 2021. The historic race, won in dramatic fashion by 3-year-old colt Rich Strike at 80-to-1 odds, also represented an 8% uptick compared to the previous record set in 2019, per Churchill Downs. 

Rich Strike — the biggest underdog to win since Donerail’s 91-to-1 odds back in 1913 — took home $1.8 million for his owners, while second-place Epicenter pocketed $660,000 and third-place Zandon earned $300,000. 

  • Only $501,135 of the pool was wagered on Rich Strike — lowest of any horse in the field. 
  • A record $273.8 million was bet on the Derby’s full 14-race card, up 9% from 2019.
  • Derby Week reported a total handle of $391.8 million, up 14% from the previous record. 

The Derby wasn’t the only race this weekend that generated record results for Churchill Downs. Friday’s Kentucky Oaks full race card reported a record handle of $74.6 million, a 37% increase year-over-year and up 24% compared to the previous record in 2019.

Lots of Eyes Watching 

One of the best races in Derby history also saw an impressive number of viewers tune in for the action. According to preliminary figures, the “Run for the Roses” averaged a total audience delivery of 16 million viewers across NBC and its streaming platform Peacock — the most-watched Derby since 2019.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Kentucky Derby Sets Ratings, Betting Records Despite Attendance Dip

The crowd of 147,406 at Churchill Downs was down 6% from last year.

Sovereignty Wins Kentucky Derby, $3.1M Purse

The total purse was raised to $5 million last year.
Front Office Sports
exclusive

Jayson Werth: Winning Belmont Stakes ‘Comparable’ Emotions to World Series

Werth spoke to FOS at Churchill Downs about the race day high.
Mint juelps

Inside the 120,000-Cup Mint Julep Frenzy of Kentucky Derby Weekend

The official cocktail at Churchill Downs costs $22—or $5,000.

Featured Today

Fat Perez reacts after hitting his shot on the 16th tee during the WHOOP Shot at Glory on the 16th hole at TPC in Scottsdale on Feb. 5, 2025.

Golf Influencers Are the New Currency for PGA Tour and LIV

YouTube golf is big business. The rival tours are staging formal events.
Feb 8, 2025; New York, New York, USA; New York Knicks assistant coach Rick Brunson talks with New York Knicks guard Jalen Brunson (11), forward Mikal Bridges (25), and guard Josh Hart (3) during a timeout in the third quarter against the Boston Celtics at Madison Square Garden.
May 6, 2025

Before the Villanova Knicks, There Were the Kentucky Celtics

Three decades ago, Boston tried its own version of the college-teammate experiment.
Mar 22, 2025; Miami, FL, USA; Joao Fonseca (BRZ) reacts after winning a point against Ugo Humbert (FRA)(not pictured) on day five of the Miami Open at Hard Rock Stadium.
May 6, 2025

João Fonseca Is a Teen Tennis Phenom. His Parents Are Overseeing His..

The Brazilian is forgoing a management team in favor of his parents.
Athlos
May 4, 2025

Nike Wants to Pull Off the First Women’s Sub-4:00 Mile

Experts speak on whether Nike’s “moonshot” is realistic or a gimmick.
United States District Court, District of New Jersey. Federal Courthouse in Newark. on Thursday Feb. 11, 2021. Newark Federal Courthouse

Kalshi Gains More Legal Momentum With Early New Jersey Win

Kalshi has begun racking up early legal victories as it defends its sports event contracts.
The sun rises behind the New York skyline seen from the Jersey City waterfront on Thursday morning Dec. 10, 2020.
April 22, 2025

N.Y. Sports Betting Faces Major Limits Under New Proposal

Newly proposed legislation would impose daily betting caps and limit advertising.
Apr 22, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) shoots the ball over Minnesota Timberwolves forward Julius Randle (30) during the third quarter of game two of first round for the 2024 NBA Playoffs at Crypto.com Arena.
April 23, 2025

Kalshi’s Offensive Blitz Continues With Suit Against Maryland

Kalshi previously sued regulators in Nevada and New Jersey.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Portfolio Players is our bi-weekly spotlight on the athletes and investors reshaping the business of sports. This week, venture capitalist Kai Cunningham unpacks why athletes land top deals and how the usual investing rules don’t always apply.
April 16, 2025

Sports Prediction Markets Still Face Legal Roadblocks

The Wire Act and tribal sovereignty could be the next legal battlegrounds.
April 14, 2025

Bank Says Sports Betting Could Weather Tariff Storm

Lower tax revenues could encourage more states to legalize sports betting.
Sports gambling reached an all-time high in 2022.
April 9, 2025

Kalshi Gears Up for Legal Fight With States

Maryland followed at least five other states that have sent cease-and-desist letters.
Potawatomi Sports Book patrons the University of Wisconsin men play UCLA on Friday, March 14, 2025. The venue is open for the first time during March Madness and is expecting to be busy over the next few weeks in Milwaukee.
April 8, 2025

Kalshi Notches Legal Win in Fight With Nevada

Kalshi can keep offering its sports event contracts in Nevada—for now.