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Churchill Downs to keep more from each bet

By Washington Examiner
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LOUISVILLE, Ky. (AP) — Churchill Downs plans to start taking a bigger cut from bets wagered on its races, which means gamblers cashing winning tickets will collect less money.

The track will apply the new so-called takeout rate when its spring meet starts on April 26 — a move that could add $8 million to Churchill’s revenues and increase purses by a similar amount, according to The Courier-Journal (http://cjky.it/1kBdpM1 ).

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