Churchill Downs taking a bigger cut of wagers

Published April 30, 2014 5:51pm ET



LOUISVILLE, Ky. (AP) — Before the Kentucky Derby contenders sprint from the starting gates, the crowd at Churchill Downs will hand over millions of dollars at betting windows. Gamblers lucky enough to pick the right colts, thanks to homework or hunches, will be getting a little less back on those winning tickets.

The famed track recently announced that it will take a bigger cut of the money bettors place on its races. The decision came after Kentucky lawmakers rejected the racing industry’s latest effort to add slot machines to generate more cash to boost prize money for horse owners.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.