The biggest event in the horseracing calendar takes place on Saturday afternoon, with the Grand National poised to return to Aintree.

34 horses are set to line up in the biggest race of the year, which captures the attention and imagination of punters all across the country.

Last year's winner Corach Rambler is once again the favourite with many of the bookies, while Kitty's Light is set to fly the flag for Wales.

Winning the Grand National is probably the pinnacle for every jockey, but the rewards for winning racing's greatest prize go well beyond mere sporting greatness. Indeed, there is a sizeable prize pot up for grabs.

How much money is in the prize pot?

In 2021, the winnings were reduced to £750k due to the Covid pandemic but the cash pot has since increased back to the previous figure of £1million.

Here is a full breakdown of the prize money up for grabs at this year's Grand National:

  1. £500,000
  2. £200,000
  3. £100,000
  4. £65,000
  5. £40,000
  6. £30,000
  7. £20,000
  8. £15,000
  9. £10,000
  10. £5,000

How much do jockeys earn for winning the Grand National?

Prize money is not awarded to the winning jockey. Instead, the cash is given to the winning horse's owner.

The amount jockeys earn is therefore significantly smaller but still impressive, with each jockey earning a percentage of przie money.

The percentage won varies from rider to rider, but the average stands at around eight per cent.

If the jockey places in the race, that average drops down to four per cent.

Therefore, the winning jockey of the 2024 Grand National will likely receive a cheque around £45,000.

For jockeys that don't place, there is also a standard participation fee, with the minimum set at £164.74.