Churchill Downs raises purses after record wagering - WDRB 41 Louisville News

Churchill Downs raises purses after record wagering

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After record setting wagering during the Kentucky Derby and Oaks Week, Churchill Downs has raised the daily purses of overnight races by 10 percent. After record setting wagering during the Kentucky Derby and Oaks Week, Churchill Downs has raised the daily purses of overnight races by 10 percent.

LOUISVILLE, Ky. (WDRB) -- American Pharoah may be the newest winner of the coveted Triple Crown but some will say that it's achievement stretches well off the track.

“The energy around here since American Pharoah's victory,” said Darren Rogers with Churchill Downs, “It's something I've never seen before.”

After record setting wagering during the Kentucky Derby and Oaks Week, Churchill Downs has raised the daily purses of overnight races by 10 percent.

“”We appreciate the strong participation of our horsemen, who have worked with us to present an attractive and entertaining daily racing product,” said President of Churchill Downs Kevin Flanery in a news release, “We offer gratitude to patrons in our region and those who have wagered online and at racing outlets throughout North America for their ongoing support for Churchill Downs racing. We are looking to a strong finish for our Spring Meet, and trust this 10 percent purse increase will have a positive impact on both horsemen and fans.”

According to Twin Spires, an online betting service owned by Churchill Downs Inc., it has seen a 17.8 percent increase in handles across all betting services in North America.

“You look at American Pharoah and they're like ‘oh they won I want to be a part of that. I want to be a part of winning,'” said racing fan Chris Tipton of the increase in bets, “That's why I'm here.”

During the Kentucky Derby and Oaks week a total of $263.3 million was bet on horse racing, that's up four percent from 2014's $253.8 million.

American Pharoah is scheduled for a gallop around the track at Churchill Downs at Downs after Dark on Saturday.

Read all about American Pharoah here.

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