ITC confirms Iditarod winner to receive $50,612

ANCHORAGE (KTUU) - The Iditarod Trail Committee has announced the prize money that will be received by each of the 52 finishers of the 2018 Iditarod Trail Sled Dog Race.

Champion Joar Leifseth Ulsom will receive $50,612, a drop of over $20,000 from the figure received by 2017 champion Mitch Seavey.

The ITC was forced to reduce the prize money given to the 2018 mushers after the total race purse dropped to $500,000. The majority of the money paid out will be for the top 20 finishers with the remaining mushers given $1,049 payments.