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Colonial Downs To Open 21-Day Meet With Minimum $500,000 Average Daily Purses Sponsored by: Racing under the lights at Colonial Downs Virginias racing revival continues into its third season with the upcoming opening of Colonial Downs.  A total of 25 stakes races worth more than $2.7 million will be offered at the upcoming seven-week Thoroughbred racing season at Colonial Downs — from July 19 through Sept. 1 — featuring a minimum $500,000 in average daily purses, t...