Penny Breakage Increased Profits for Breeders' Cup Players

Horseplayers at the 2022 Breeders' Cup enjoyed more than $545,000 in additional winnings from just the win, place and show pools thanks to the revised Kentucky law that pays pari-mutuel winings down the penny.

The new Kentucky law allows pari-mutuel winnings to be paid down the penny. The law has been in effect for 64 days and has already brought in more than $2.13 million. The Thoroughbred Idea Foundation hopes other states will follow the lead and support such initiatives. They hope racing adopts sustainable practices to build its customer base and grow the pie. It is already too high by rounding down to the dime. In addition, exotic pools and Standardbred racing in Kentucky also contribute to this total.