The purse for the Kentucky Derby is $3 million and will be split among the top five finishers in the race.

This year's purse was raised for the first time in 14 years from $2 million thanks to an increase in gambling revenue, according to the Associated Press.

The winner of the Kentucky Derby takes home an estimated $1.86 million while second place gets $600,000. Third takes home $300,000, fourth gets $150,000 and fifth collects $90,000.

The winning jockey will receive 10% of the winnings.

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The Kentucky Derby is the first leg of the Triple Crown. It is followed by the Preakness Stakes and Belmont Stakes. Both of those races offer total purses of $1.5 million.

The Kentucky Derby will air on NBC from 2:30 p.m. through 7:30 p.m. ET. The main event race is set to begin at 6:50 p.m. ET. Viewers will also be able to stream the race on the NBC Sports App and Fubo.