United Tote Implements New IRS Rule Allowing Bet Aggregation

FOR IMMEDIATE RELEASE
Contact:
Vic Harrison, Senior Director of Sales, United Tote Company
502-394-1165

LOUISVILLE, KY. (September 27, 2017) – United Tote Company, a leading supplier of pari-mutuel accounting services, totalisator systems, equipment and technology worldwide, announced that beginning Thursday, September 28, 2017, all United Tote customers will be able to offer their bettors the benefits of bet-aggregation based on new Internal Revenue Service standards published today in the Federal Register.

Nate Simon, President of United Tote, said, “We know how beneficial the new withholding rules are for racing fans and we worked hard to ensure we were ready when the IRS standards were made official.”

“From the fan’s perspective, we believe the new IRS standard strengthens the horse racing industry as a whole and we are pleased to quickly implement the necessary changes to our standard operating procedures” said Vic Harrison, United Tote’s Senior Sales Director.

The new rules can be found at: https://www.federalregister.gov/documents/2017/09/27/2017-20720/withholding-on-payments-of-certain-gambling-winnings.

ABOUT UNITED TOTE
United Tote Company, a wholly owned subsidiary of Churchill Downs Incorporated, is a leading supplier of totalisator systems, services and equipment, pari-mutuel settlement services, and technology that processes wagers and payouts, and is a provider of pari-mutuel tote services to racing operations and OTB facilities in North America and around the world, including such leading racetracks as Arlington International, Churchill Downs, Keeneland, Oaklawn, Canterbury Park and The Fairgrounds. United Tote designs, manufactures and operates pari-mutuel wagering systems for more than 150 racing companies and numerous OTB facilities in North America and around the world.

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