Churchill Downs will raise its takeout rates this spring to the maximum allowed by Kentucky law, officials confirmed Friday, a decision that will lower payouts on the track’s races by almost 16 percent in many cases.
Takeout on win, place, and show bets will rise from 16 percent of every betting dollar to 17.5 percent, a jump of 9.4 percent, when Churchill’s spring meet opens April 26, Churchill officials said. Takeout on all other bets, including the most popular wagers, exactas and trifectas, will rise from 19 percent to 22 percent, a jump of 15.8 percent.