Colonial Downs in New Kent, Va., has raised its takeout rates across the board for its meeting starting Tuesday, officials of the track confirmed.
Rates for win, place, and show wagers will be raked this year at 18 percent, up from 16 percent during last year’s meet. Takeout rates for all exotic bets will be 22 percent, up from 20 percent last year. In addition, a pick five with a takeout of 12 percent has been eliminated, the officials said.