The famous racetrack that hosts the Kentucky Derby, Churchill Downs, has made the decision to cease taking sports wagers. This action follows WLKY reporting confirming that retail sports betting will stop on Sunday.
The decision to discontinue retail sports betting was influenced by what the track described as “low profitability from retail operations.” A Churchill Downs representative shared, “We’re going to focus our time and resources elsewhere.”
The company noted that the majority of sports betting now takes place through mobile platforms such as FanDuel and DraftKings, which made it “unfeasible to continue retail betting.” As company Director of Communications Darren Rogers explained, “There simply isn’t a profitable path forward for us to sustain profitability as a retail operator.”
Cash-In Period and Expanding Horizons
While retail sports betting is no longer in operation, Churchill Downs will still honor winning tickets for the next couple of weeks. This move is part of a broader strategy to adjust its focus and resources toward more profitable ventures.
In addition to this shift, Churchill Downs, owned by CDI, continues to diversify its operations. The company is well-known for operating historical racing machines in Kentucky and has recently secured approving licenses from the Virginia Racing Commission, the New York State Gaming Commission, and the Iowa Racing and Gaming Commission.
In addition to its traditional racetrack operations, CDI launched the Terre Haute Casino Resort in April, which includes a luxury hotel with 122 rooms, a pool, rooftop lounge, and several dining options. The casino offers 1,000 slot machines, 35 live table games, a sportsbook, and a poker room, reinforcing the company’s focus on expanding its gaming and entertainment offerings.
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