Churchill Downs Entering New Sports Betting Market

After the Supreme Court’s ruling that states could legalize sports betting. Churchill Downs, which is known for horse racing, announced its intention to expand into sports wagering.

Churchill Downs Incorporated will partner with Golden Nugget Atlantic City. In a move that signals that the parent company of the Kentucky Derby racetrack is ready. This is to take advantage of the Supreme Court’s ruling.

Churchill Downs also announced that it will partner with SBTech. Also, in a move that will allow the company to utilize the integrated technology platform for its new gaming operations.

According to reports, the agreement between Churchill Downs and Golden Nugget. Will allow it to offer not only sports wagering but online gambling in New Jersey and Pennsylvania. The company also has its eyes on Mississippi. However, only for sports betting in 2019.

Therefore, Churchill Downs is expected to begin offering sports bets. This will be in the three states as early as the first quarter of next year.

Online Sports Betting

Churchill Downs Sports Betting

Rather, in a recent interview, Bill Carstanjen, the CEO of Churchill Downs, said. The company is looking forward to the exciting possibilities offered by the SCOTUS decision. Alos, their new relationship with Golden Nugget.

“We are looking forward. Offering integrated iGaming and sports wagering products in New Jersey. We have the unique opportunity to leverage our knowledge. Also, our experience operating the largest legal online horse racing wagering business in the U.S.. As we enter the iGaming and sports bets markets.” Carstanjen said.

Also, Carstanjen added that he is also excited about Churchill Downs’ partnership with SBTech.

In conclusion he said, “We are confident that our strategic partnership with SBTech provides us. This is with an industry leading platform. To offer innovative and exciting, integrated iGaming and sports wagering products. We have the unique opportunity to leverage our knowledge and experience operating. The largest legal online horse racing wagering business in the U.S.. We enter the iGaming and sports wagering markets.”

August 25, 2018 by : Posted in online No Comments

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