Overview of Churchill Downs Incorporated
Founded in 1875, Churchill Downs began as a horse racing venue in Louisville, Kentucky. The company is synonymous with the Kentucky Derby, often referred to as "The Most Exciting Two Minutes in Sports." Over the years, Churchill Downs has leveraged its reputation and expertise to expand into various sectors, including casino gaming, historical racing, and online sports betting.
Today, Churchill Downs operates through three main segments:
- Live and Historical Racing: This includes its flagship Churchill Downs Racetrack and other racing properties across the U.S. The company has embraced historical racing machines (HRMs), which are innovative gaming devices that allow customers to wager on historical horse races, boosting revenue from its racetrack operations.
- Gaming: The company owns and operates several casino properties, offering slot machines, table games, and other amenities. This segment has become a significant revenue generator, providing a steady cash flow alongside the seasonal nature of horse racing.
- Online Wagering: Through its TwinSpires platform, Churchill Downs is a leader in online horse race betting. The platform has expanded into sports betting and iGaming (online casino gaming), catering to the growing demand for digital wagering solutions. shutdown123