Horseracing

Belmont Stakes will be worth $1.5M, first purse increase since 1998

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NEW YORK (AP)

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.

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