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Lower Pick-3 and Pick-4 takeouts to greet Canterbury Park fans on opening day

May 16, 2012     E-mail this page to a friend!

Takeout on all Pick 3 and Pick 4 wagers at Canterbury Park will be reduced to 14% effective opening day, Friday, May 18, track officials announced earlier this week. These changes in takeout rates make Canterbury Park among the lowest in North America for Pick 3 and Pick 4 wagers. Takeout last season on these wagers was 23%.

“We’re excited to offer our players the lowest Pick 4 takeout rate and the second-lowest Pick 3 takeout rate in North America,” said Canterbury Park President Randy Sampson. “We understand that players are price-sensitive and have many options as to where to bet their wagering dollar. It’s our hope that this lower takeout makes Canterbury Park the place to play horizontal wagers.”

Rolling Pick-3s will be offered daily beginning with the second race, along with two daily Pick-4s.

Canterbury Park will conduct a 62-day Thoroughbred and Quarter Horse meet beginning Friday, May 18 and running through Monday, September 3. Thursday and Friday racing begins at 7:00 p.m. Central Time (CT), while weekend and holiday racing begins at 1:30 p.m. CT.

Minnesota governor signs bill to give Canterbury Park more control over its card room

The news about lower takeouts comes on the heels of new legislation signed earlier this month. Minnesota Governor Mark Dayton signed legislation on May 2 that amends laws governing the Company’s card room. The amendments, which are effective immediately, increase Canterbury Park’s flexibility to operate its card room.

The law authorizes Canterbury Park to increase the number of tables in its card room from 50 to 80 and to increase the poker bet limit from $60 to $100. It also removes limits on the number of poker tournaments the card room can conduct and the limit on the number of tables used in poker tournaments. In addition, it allows Canterbury Park to conduct “banked” card games, in which customers play against the house, along with the unbanked games it currently conducts.

In a separate provision, the amended law establishes a framework for simulcasting Canterbury Park’s races to Tribal casinos in Minnesota.

Jeff Hilger, President of the Equine Development Coalition of Minnesota, which actively supported the legislation, commented: "Racing purses are the fuel of our horse industry. This legislation will help stop the decline of the breeding industry in Minnesota and send a clear sign to Minnesota owners and trainers that the state is serious about protecting the future of the equine industry."