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The "Golden Harness" is most frequently given to the lead dog or dogs of the winning team. However, it is decided by a vote of the mushers, and in 2008 was given to Babe, the lead dog of Ramey Smyth, the 3rd place finisher. Babe was almost 11 years old when she finished the race, and it was her ninth Iditarod. The "Rookie of the Year" award is given to the musher who places the best among those finishing their first Iditarod. A red lantern signifying perseverance is awarded to the last musher to cross the finish line. The size of the purse determines how many mushers receive cash prizes. The first place winner also receives a new pickup truck.

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