Do You Have Uncashed Tickets from the Kentucky Derby?
Mailing in Mutuel Tickets
Please make a copy of the ticket for your records and mail the original along with your name, address, city, state, zip and phone number to:
Churchill Downs, Inc.
700 Central Avenue
Louisville, KY 40208-1212
We also suggest you send it registered or certified mail. It will take approximately 8 weeks before you receive a check or your ticket back if it was not a winner.
The Internal Revenue Service requires reporting of payouts on wagers that exceed odds of more than 300 to 1 and pay in excess of $600. IRS regulations also require automatic withholding on IRS payouts that exceed $5,000. There is no withholding on payouts of less than $5,000. If you have any additional questions, please let us know.
Churchill Downs Incorporated
Policy Regarding Cashing of Reportable Wagers
The IRS requires the purchaser of reportable wagers to provide Churchill Downs with the following information that is necessary to complete official tax documents:
Government-issued photo ID
Proof of current address
Social Security number
Purchaser’s signature attesting to ownership of the ticket
Churchill Downs will ONLY pay reportable winnings to ticket purchasers who supply this required information. Churchill Downs will not pay reportable winnings to any individual without proper documentation nor to any individual other than the initial purchaser of the ticket.
In the instance of patron disputes involving reportable winnings, Churchill Downs reserves the right to decide the issuance of tax forms in compliance with federal rules.
IT IS A VIOLATION OF FEDERAL CRIMINAL LAW TO CASH SOMEONE’S TICKET TO ASSIST THAT PERSON IN AVOIDING INCOME TAXES. BOTH THE OWNER OF THE TICKET AND THE PERSON CASHING THE TICKET WILL BE GUILTY OF TAX EVASION.
Individuals under the age of 18 may not purchase, cancel or cash any pari-mutuel tickets or voucher at any manned or self-serviced machine.