purse enhancement program\u201d<\/a> the TOC created along with Santa Anita, Del Mar Thoroughbred Club, The Stronach Group, and FanDuel\u2019s TVG. As part of the program, the TVG and Stronach online betting platforms agreed to put up to $15 million toward purses for the 2021 and 2022 racing seasons.<\/p>\nTwinSpires has been the nation\u2019s largest online wagering platform for racing for years. It seemed like a curious exclusion at the time of the announcement. With the filing of the lawsuit, its absence from the program now makes sense.<\/p>\n
In court documents, Churchill Downs said TOC CEO Greg Avioli asked all online platforms to agree to a 3 percent commission rate for the ’21 and ’22 campaigns.<\/p>\n
“Indeed, at such a rate, Churchill Downs Technology would be operating at a significant loss, and it would make little sense to do business in California or with California residents,”<\/strong> the lawsuit states.<\/p>\nSanta Anita will use the program to increase its average daily purse by 10 percent to $533,000. Del Mar officials expect their daily purses to exceed $600,000 this year, according to the TOC. The TOC and track officials expect those increases to make the Southern California meets more competitive with other racing markets that rely on casino or historical horse racing to bolster their purses.<\/p>\n","protected":false},"excerpt":{"rendered":"
A Churchill Downs Inc. subsidiary filed a lawsuit in federal court last week against horse owners in California. The suit is an attempt to keep them from taking the Louisville, Ky.-based company to arbitration over commissions the company\u2019s online wagering service takes from bets made in the state. Last Tuesday, Churchill Downs Technology Initiatives filed […]<\/p>\n","protected":false},"author":45,"featured_media":163683,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577,19,60],"tags":[],"acf":[],"yoast_head":"\n
Churchill Downs in Dispute wirh California Owners Over Online Betting Fee<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n