Breeders' Cup Win, Place, Show Pools Return Additional $545,000 Thanks To Penny Breakage

Summarized by: Live Sports Direct
 
Breeders' Cup Win, Place, Show Pools Return Additional $545,000 Thanks To Penny Breakage

The new Kentucky law allows pari-mutuel winnings down the penny to be paid to horseplayers. The law has been in effect for 64 days and has already brought in more than $2.13 million. The Thoroughbred Idea Foundation advocates for sustainable improvements to the Th thoroughbred racing industry. It also promotes the exchange of ideas between the sport's stakeholders. They believe that the current takeout rates are inflated by rounding down to dime. In their opinion, other states should follow the lead and support such initiatives.


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