The thoroughbred horse-racing season is winding down, but Churchill Downs Inc. is ramping up its efforts to partner with the operators of online sports betting sites for pari-mutuel wagering.
Churchill Downs (CDI) announced earlier this year that it would be exiting the consumer-facing side of mobile sports betting, as the Kentucky Derby’s owner was pessimistic about the potential profitability of that business.
However, CDI still wants to keep a toehold in the retail sector of legal sports betting and remains bullish on online betting on horse racing, which it still offers via its TwinSpires platform.
Moreover, the Kentucky-based company is keen on striking partnerships with online sportsbook operators, such as FanDuel, which announced an arrangement with CDI in September that will allow FanDuel to offer users pari-mutuel wagering on horse racing
