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Churchill Downs racetrack says it has been forced to cut purses by 20 percent, effective May 14, because of a dispute over distribution of simulcast racing and Internet betting with two horsemen's groups.
The Kentucky Horsemen's Benevolent and Protective Association and the Kentucky Thoroughbred Association have blocked the distribution of Churchill Downs' simulcast signal to national advance-deposit wagering sites, including TwinSpires.com, the official Internet betting site for Churchill Downs Inc.
The horsemen want a larger percentage of the takeout from online wagers, and they have blocked those wagers pending a resolution of the dispute.
"We have been left with no option but to reduce overnight purses to offset the amount of lost handle," Churchill Downs president Steve Sexton said in a statement. "While we are still hopeful this impasse can be resolved, we have no choice but to act now."
