Churchill Downs to lower takeout on its pick five wager
April 18, 2018 10:03 AM
by Robert Mann
Churchill Downs will lower the takeout on its pick five wager from 22 percent to 15 percent beginning with the spring meet this year, track officials said on Tuesday, reports the Daily Racing Form.
The iconic venue opens its spring meet Saturday evening April 28. The Louisville oval hosts the Kentucky Derby a week later on May 5.
Local and simulcast horseplayers had bristled at recent takeout increases at Keeneland, located in nearby Lexington. However, Keeneland rescinded its increases for the current spring meeting, now underway.