\u201cGiven our expertise and extensive knowledge of pari-mutuel wagering on horse racing, we have the technical expertise, access to racing content, and technology to seamlessly integrate pari-mutuel wagering into existing third-party online sports wagering platforms,\u201d he said. \u201cWe will also provide user interfaces and ancillary services that may be necessary or desired by online sports wagering platforms.\u201d<\/p>\n
\n
It\u2019s not necessarily a shock that Churchill Downs isn\u2019t \u2013 at least publicly \u2013 looking at offering a fixed-odds product. The company isn\u2019t typically associated with being an early adapter. However, should fixed odds take off as some predict, Churchill Downs having relationships with one or more sportsbooks would put it in a good position to transition into that market.<\/p>\n<\/div>\n
Carstanjen does not believe offering pari-mutuel racing to sportsbooks would eat away at TwinSpires’ business. Of the $6.66 billion wagered through ADWs last year, according to data from the Oregon Racing Commission, TwinSpires took $2.46 billion of those wagers.<\/p>\n
TwinSpires offers horse handicappers tools to help them review recent performances by horses. It also offers video links to the tracks, allowing users to watch the races as well.<\/p>\n
\u201cFor the core players, who really like to devote a significant amount of time, we think TwinSpires will stand alone as a really attractive option compared to the slimmed-down, simplified newbie interfaces we’re likely to see more of on the online sports wagering platform,\u201d Carstanjen said.<\/p>\n
Chicago Bears Arlington Park\u00a0 Update<\/h2>\n Carstanjen also gave analysts an update on the several sales and acquisitions the company is in the process of closing. That includes the $197 million sale of Arlington International Racecourse to the Chicago Bears. The NFL team was the top bidder for the track in Arlington Heights, Ill., last year, and team officials plan to tear down the track and build a new stadium in the Chicago suburb.<\/p>\n
Churchill Downs expects to close on the sale early next year, Carstanjen said.<\/p>\n
Earlier this week, Chicago Mayor Lori Lightfoot unveiled plans to renovate Soldier Field, the Bears current stadium, in an effort to keep the team in the city. One of the plans includes a rebuild of the open-air stadium to transform it into a dome.<\/p>\n","protected":false},"excerpt":{"rendered":"
Churchill Downs Incorporated is looking at ways to connect its horse racing product with online sports wagering operators and the millions of bettors who gamble on them. The plan was revealed by\u00a0CEO Bill Carstanjen to investment analysts Thursday. It\u2019s part of a plan to be \u201ca leading distributor\u201d of racing content, he said. That could […]<\/p>\n","protected":false},"author":45,"featured_media":223748,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577,1074],"tags":[82008,81900,82078,80968],"acf":[],"yoast_head":"\n
Churchill Downs Wants to Offer Horse Racing to Online Sportsbooks<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n