Colonial Downs Announces Take-Out Rates

Monday, July 22, 2019 | 5:24 pm

Updated: July 22, 2019 at 6:49 pm

Start of $1,000,000 Virginia Derby, eventually won by Red Giant, with Horacio Karamanos up, at Colonial Downs, New Kent, VA. 7.21.2007

Colonial Downs, following approval Monday from the Virginia Racing Commission, has announced take-out rates for its upcoming meeting.

During its 15-day race meeting, which begins Aug. 8, the track will have a win, place and show take out of 16%. Exacta, trifecta, superfecta and early and late daily doubles, Pick 3s and Pick4s will have a 20% takeout rate and the Pick 5 will feature a promotional 12% takeout.

“Our team at Colonial Downs Group has worked diligently to be widely inclusive with the revival of Thoroughbred racing in Virginia and we have left no industry group behind,” said John Marshall, Colonial Downs Group Executive Vice President. “Today we advocate for the driving force behind live racing everywhere–the horseplayers. Today more than ever, optimal take-out rates are essential ingredients to a successful race meet. We thank the Virginia HPBA for its support in this effort.”