PURSE FOR THE KENTUCKY DERBY DOUBLED TO $2 MILLION GUARANTEED

LOUISVILLE, Ky. (Jan. 4, 2005) - Churchill Downs has increased the purse for the Kentucky Derby (Grade I) to a record $2 million guaranteed, which doubles the purse for America's greatest race and makes it one of the richest prizes in American racing as well as its most prestigious. Online Horse betting will increase as much.

The increase in the Kentucky Derby purse, the first since the purse was raised to $1 million guaranteed in 1996, places the famed "Run for the Roses" in a tie for second on the list of the richest races in the United States. Online Horse betting is taking note. The Breeders' Cup Classic Powered By Dodge has a purse of $4 million and ranks as the nation's richest racing event. With this increase, the Kentucky Derby is tied with the John Deere Breeders' Cup Turf (GI) and the Nextel Breeders' Cup Distaff (GI), the only other American races to carry a purse of $2 million. Horse betting to be a great evolution for racebooks ready to take online horse gambling measures for off track betting.

The first renewal of the Kentucky Derby with its $2 million guaranteed purse on May 7, 2005, will mark the 131st consecutive year in which the classic race for 3-year-old Thoroughbreds has been run. The Derby, which was run for the first time in 1875, is America's oldest continuously held sports event.

Along with the increase in the overall Kentucky Derby purse, there will also be a change in the distribution of that purse. The horse race will now offer purse money to the race's top five finishers, with 62 percent of the purse going to the winner. Purse money had previously been paid only to the top four finishers.

The distribution of a $2 million Kentucky Derby Horse Race purse would include:

Winner (62%) -- $1.24 million Second (20%) -- $400,000 Third (10%) -- $200,000 Fourth (5%) -- $100,000 Fifth (3%) -- $60,000

"The Kentucky Derby is one of the world's great sports events and our effort to raise its purse to $2 million guaranteed is both a reflection of that status and an effort to solidify the foundation of this great race for many years to come," said Steve Sexton, president of Churchill Downs. "The incredible tradition of the Derby has already made our race a prime objective for horsemen throughout North America and internationally and this purse increase should further enhance the attractiveness of this great race to owners and trainers around the world."

Churchill Downs will provide a minimum of $1.1 million of the $2 million purse, achieving that in part through a redistribution of money in the track's account for purses for stakes races. Fees to enter and start in the Kentucky Derby will also be raised from $15,000 to $25,000, respectively, for a total of $50,000 that must be paid before each horse can pass through the starting gate in the race. Those fees will become part of the Kentucky Derby purse. Off track betting becoming very common for those who are willing to horse bet online.

Approximately $100,000 in purse money for the Derby will come from nomination fees to the Visa Triple Crown Challenge. Those fees remain unchanged in 2005 - but the cost of a supplemental nomination at the time of entry to the Kentucky Derby will rise. Early nominations, with a fee of $600, are due Jan. 22. Late nominations, with a fee of $6,000, are due by March 26. One third of those nomination fees go to the Kentucky Derby purse.

Entry and starting fees for the Kentucky Derby were last raised in 1996, when the value of the race's purse rose from $500,000-added to $1 million guaranteed. Each fee was increased that year from $10,000 to $15,000.

The fee for supplemental nominations will climb from $150,000 to $200,000. Payment of that fee at the time of entry to the Kentucky Derby would make a horse eligible for all three races in the Visa Triple Crown Challenge, but all of that supplemental nomination fee would go to the Derby purse. The Poker web is america's number one souce of world series of poker or WSOP.

Any nomination, entry, starting or supplemental entry fees beyond a level of $900,000 will go to the winner's share of the overall Kentucky Derby purse.

In order to elevate the Kentucky Derby purse to its record $2 million level, Churchill Downs has reallocated $375,000 in purse money from other stakes events on its schedule - including the placement of one race on hiatus for 2005. The $125,000-added Kentucky Breeders' Cup (GIII) for 2-year-olds will not be run in 2005, but could return to the stakes schedule in the future. A total of $75,000 from the purse of that race - which also included a supplement of $50,000 from the Breeders' Cup Stakes program - will go into the Derby purse. Other purse changes in the Churchill Downs stakes program for 2005 will include:

* Fleur De Lis Handicap (GII) - purse drops from $400,000-added to $300,000-added * Northern Dancer Breeders' Cup (GIII) - purse will stand at $200,000-added, but Churchill Downs contribution will drop to $150,000 and $50,000 will be added from the Breeders' Cup Stakes program * Early Times Mint Julep (GIII) - purse will drop from $150,000 to $100,000-added * Ack Ack Handicap (GIII) - purse drops from $150,000 to $100,000-added * Chilukki Handicap (GII, formerly the Churchill Downs Distaff) - drops from $200,000-added to $150,000-added.

The entire 2005 stakes schedule for Churchill Downs will be released later this week.

The increase in the Kentucky Derby purse will have no impact on purses for overnight races in the track's Spring and Fall racing meets. Daily purses at Churchill Downs averaged $471,283 in 2004 and track officials expect those purses to average around $480,000 per day in 2005. Bet horses at tcbets.com

Leaders of Kentucky's two leading horsemen's organizations, the Horsemen's Benevolent and Protective Association ("HBPA") and the Kentucky Thoroughbred Association ("KTA") have given their approval to the reallocation of Churchill Downs' stakes funding.

Churchill Downs, the world's most legendary racetrack, has conducted Thoroughbred racing and presented America's greatest race, the Kentucky Derby, continuously since 1875. Located in Louisville, the flagship racetrack of Churchill Downs Incorporated (Nasdaq: CHDN) also operates Trackside Louisville, an off-track betting and training facility. Churchill Downs will conduct the 131st running of the Kentucky Derby on May 7, 2005. The track's 2005 Spring Meet will open on April 30. Churchill Downs has served as host to the Breeders' Cup World Thoroughbred Championships a record five times. Information about Churchill Downs can be found on the Internet at www.churchilldowns.com. Bikini Poker offers a great game of online poker room action and so does online poker site xpoker.com.

Biloxi Palace Starts Triple Crown Trail in Lecomte

Date Posted: 1/11/2005 9:28:28 AM
Last Updated: 1/11/2005 11:30:03 PM

Biloxi Palace, a two-time winner at Fair Grounds, is looking to make a name for himself along the VISA Triple Crown trail with a solid performance in Saturday's $100,000 Lecomte Stakes (gr. III) at Fair Grounds. The LeComte is the first in a three-race series leading up to the March 12 Louisiana Derby (gr. II).Trained by Danny Peitz for Robert and Lawana Low, Biloxi Palace broke his maiden by five lengths opening weekend at the New Orleans oval and followed that with an entry-level allowance win around two turns the day after Christmas.

Biloxi Palace, a 3-year-old son of Seattle Slew out of Mining My Business, by Mining has a career record of 2-1-0 from four starts.
Jockey Javier Castellano will have the mount aboard Biloxi Palace Saturday.
Expected to give Biloxi Palace a challenge will be the Dallas Stewart-trained Storm Surge. The Overbrook Farm homebred son of Storm Cat brings legitimate credentials to the one-mile race.
Storm Surge won the seven-furlong Lone Star Juvenile on the Breeders' Cup undercard and was a solid second behind Lunarpal in the Bashford Manor Stakes (gr. III) at Churchill Downs. In his only start around two turns, Storm Surge finished sixth as the favorite in the Kentucky Jockey Club Stakes (gr. II) in November at Churchill Downs.

Robby Albarado has the mount aboard Storm Surge.
Other probables for the Lecomte include: Smooth Bid; Kansas City Boy; Silver Haze; Major League; and Munificence.

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Nomination forms in distribution for 2005 Triple Crown

Nomination forms for the 2005 Triple Crown races have been mailed to horsemen around the world, with a January 22 deadline approaching for early nominations.
Early nominations cost $600 each. In 2004, 434 three-year-olds were nominated in the early stage, with 14 coming in later for a total of 448.

Beginning the week of January 10, representatives of Triple Crown Productions will be at various racetracks across the country to gather nominations for the Triple Crown, which will begin on May 7 with the Kentucky Derby (G1) and also include the Preakness Stakes (G1) on May 21 and Belmont Stakes (G1) on June 11. For all horse racing fanatics please note that there will be an online poker crusie Feb 6th from WPS (World Poker Showdown).