The life of a jockey is one of hard work and dedication. Every day they are up before dawn, doing physical exercise that most people wouldn’t even consider. But how much does the average jockey make? That is a question that many people often ask. In this article, we will explore the answer.
Average Salary
According to the Bureau of Labor Statistics, the median annual salary for a jockey in the United States is $36,940, as of May 2018. This means that half of all jockeys make more than this, while the other half make less. Generally, the higher the stakes of the race, the greater the potential prize money and the higher the wages a jockey can earn. The highest paid jockeys can make millions of dollars in a single year.
Factors Affecting Salary
There are several factors that can affect the salary of a jockey. These include:
Experience Level
The experience level of the jockey will be a major factor in determining how much they earn. A jockey that has been in the business for longer will usually command higher wages than a newly-hired jockey.
Riding Ability
A jockey’s riding ability will also affect their salary. A jockey that is considered to have a high level of skill may be able to command higher wages than a jockey that is considered to be less skilled.
Location
The location in which the jockey races can also affect their salary. Jockeys that race in major cities such as New York, Los Angeles, and Chicago may be able to command higher wages than jockeys that race in smaller cities or towns.
Competition
The level of competition in the sport of horse racing can also affect a jockey’s salary. Jockeys that are considered to be the best in their field may be able to command higher wages than those who are less successful.
Winning Bonuses
In addition to the base salary that jockeys receive, they also may be eligible for bonuses if they win a race. The amount of the bonus is usually determined by the stakes of the race and the purse for the winner. Jockeys that win a major race may be eligible for a bonus that is much higher than the base salary.
Injuries
One of the risks of being a jockey is the risk of injury. Jockeys can suffer from a wide range of injuries, from broken bones to concussions. If a jockey is injured, they may not be able to race for a period of time and this can affect their salary.
Other Benefits
In addition to their salary, jockeys may also be eligible for other benefits. These can include:
Insurance
Jockeys may be eligible for health insurance and other types of insurance to help cover the cost of medical expenses related to injuries.
Retirement Benefits
Jockeys may be eligible for retirement benefits, such as a pension plan or 401(k).
Travel Expenses
Jockeys may be reimbursed for travel expenses related to races, such as transportation costs and hotel costs.
Conclusion
The salary of a jockey can vary greatly depending on their experience, riding ability, location, and competition. The highest paid jockeys can make millions of dollars in a single year, while the median salary is $36,940, according to the Bureau of Labor Statistics. In addition to their salary, jockeys may also be eligible for bonuses, insurance, retirement benefits, and travel expenses.
FAQs
- How much does the average jockey make?
The median annual salary for a jockey in the United States is $36,940, according to the Bureau of Labor Statistics.
- What factors affect a jockey’s salary?
The experience level, riding ability, location, and competition can all affect a jockey’s salary.
- Are there other benefits for jockeys?
In addition to their salary, jockeys may be eligible for insurance, retirement benefits, and travel expenses.