This played out about perfectly at Churchill Downs since they raised rakes in April. But amazingly, it did not take a year or two years for the purse component to take a hit. According to the Bloodhorse, which looks like it reprinted a CDI press release, purses declined in only 36 race days, from $534,942 to $532,903.
In April, CDI announced that they were so confident that the purses would increase with the takeout hike, they increased stakes by 2.7%.
- Churchill, however, is counting on a net gain from the higher takeout even if betting declines. The track has already increased its stakes purses for the spring meet by 2.7 percent to $7.68 million for the 24 stakes races