Churchill Downs partners with Golden Nugget A.C. to offer sports betting

Churchill Downs partners with Golden Nugget A.C. to offer sports betting

May 16, 2018 9:17 AM
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Churchill Downs, the major racing and gaming company that owns the Kentucky Derby, moved swiftly Wednesday to enter the realm of national sports wagering with its announcement that it has joined with Golden Nugget Atlantic City to offer legal sports betting and online gaming markets.

The U.S. Supreme Court ruled Monday that the law banning single-team sports wagering nationally, except Nevada, is unconstitutional.

Churchill Downs said its hopes to begin accepting legal wagers for sports betting and online gaming in New Jersey during first quarter 2019.

The Louisville, Kentucky-based, publicly traded company also announced a partnership with SBTech to utilize its integrated technology platform for its new gaming operations.

Churchill Downs said it would join the sports wagering market in Pennsylvania through its recent acquisition of Presque Isle Downs & Casino in Erie, midway between that state’s borders between Ohio and New York. In Mississippi, Churchill Downs said it would use its two existing brick-and-mortar casinos to offer on-site sports betting.

Industry observers note that SBTech is expected to provide Churchill with an US-centric igaming platform to manage igaming and sports wagering. Churchill is expected to offer branded products separate from its TwinSpires.com advance-deposit wagering business to igaming and betting customers. SBTech may also begin a complete overhaul of the advance-deposit wagering platform for Twinspires.com, industry observers believe.