Churchill Downs accepts larger purses

Churchill Downs accepts larger purses

Credit: Getty Images

LOUISVILLE, KY - MAY 05: The field comes down the final stretch during the 138th running of the Kentucky Derby at Churchill Downs on May 5, 2012 in Louisville, Kentucky. (Photo by Rob Carr/Getty Images)

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by Tyler Druin

WHAS11.com

Posted on May 25, 2012 at 9:30 PM

Updated Tuesday, May 29 at 12:08 PM

LOUISVILLE, Ky. (WHAS) - - Beginning Monday Churchill Downs is raising overnight purses by 10 percent thanks to higher than expected wagering during Derby week.

Between Oaks and Derby day Churchill collected nearly $227 million in wagers up nearly 12 percent from last year.
 
Purses will rise by an average of about $3,400.
 
Churchill says a declining horse population is also a contributing factor.

The spring meet wraps up July 1.

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