Junior Alvarado, who rode Sovereignty to victory in last weekend's Kentucky Derby, has been fined $62,000 and suspended two racing days for striking the horse more times than is allowed, horse racing authorities said on Saturday.

The jockey of the Kentucky Derby-winning horse Sovereignty has been fined $62,000 for using his riding crop too many times.

Junior Alvarado was fined 20 percent of his winnings for striking Sovereignty more times than is allowed with his riding crop