The Belmont Stakes won't produce a Triple Crown winner after Mage came up short in the Preakness Stakes three weeks ago, but there is still plenty at stake in New York on Saturday.
Forte, the Kentucky Derby favorite before being withdrawn from the race, enters as the betting favorite for the Belmont, while Tapit Trice, Angel of Empire and Preakness winner National Treasure follow close behind.
Mage, meanwhile, will be held out of the Belmont Stakes after falling short of an opportunity to win the Triple Crown. The Belmont hasn't featured a Triple Crown hopeful in a traditional year since Justify made history in 2018. The exception came in 2020, when the Belmont was the first of the three Triple Crown races after the COVID-19 pandemic shifted the schedule.
MORE: Full draw & odds for 2023 Belmont Stakes
How much money will the Belmont Stakes winner earn? Here's what you need to know about the purse and payout breakdown for the race.
What is the Belmont Stakes purse in 2023?
This year's Belmont Stakes purse is $1.5 million, which is equal to the Preakness Stakes purse. That's the same amount as the last two Belmont Stakes races and $500,000 more than the race in 2020, when the purse was reduced amid the COVID-19 pandemic.
How much money does the Belmont Stakes winner get?
While the total purse is the same as last year, the winner of the Belmont Stakes will receive a larger share in 2023: $900,000, which is 60 percent of the total purse, will go to the winner, an increase from $800,000 in 2022. That leaves 40 percent of the purse for the next seven finishers.
MORE: Full results from 2023 Preakness Stakes
Prize money breakdown for Belmont Stakes 2023
The payout will be distributed differently this year, with the winner receiving $900,000, an increase from last year's $800,000. The second-place finisher will receive $270,000, or 18 percent of the total purse, and the next six finishers will receive payouts as well.
Here's the full breakdown for the Belmont Stakes purse.
| Place | Prize money |
| 1 | $900,000 |
| 2 | $270,000 |
| 3 | $150,000 |
| 4 | $75,000 |
| 5 | $45,000 |
| 6 | $30,000 |
| 7 | $15,000 |
| 8 | $15,000 |
Belmont Stakes prize money compared to other Triple Crown races
The Belmont Stakes purse is half the size of the Kentucky Derby's $3 million purse and equal to the Preakness Stakes purse of $1.5 million, although that race's payout breakdown is slightly different.
| Race | Date | Purse (2023 figures) |
| Kentucky Derby | May 6, 2023 | $3 million |
| Preakness Stakes | May 20, 2023 | $1.5 million |
| Belmont Stakes | June 10, 2023 | $1.5 million |
