In addition, the Daily Racing Form reported that Colonial Downs has raised wagering takeout rates for its 2020 meet. The new rates will be as follows:

• Win, Place, Show Wagers: 18 percent (2019: 16 percent)
• Exotic Bets: 22 percent (2019: 20 percent)
• Pick 5: eliminated (2019: 12 percent)

Colonial is racing on a Monday through Wednesday schedule this season, a change from last year's Friday to Sunday schedule. That places the track around a different set of competitors with higher takeout rates, explained John Marshall, executive vice president of operations.

“We felt like [Colonial's new rates] are still the most competitive in that set,” Marshall told the Daily Racing Form. “We just didn't feel the need to go super low this year.”

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