New York-listed Churchill Downs Incorporated (CDI) has agreed a deal with casino operator Full House Resorts to launch a new retail sportsbook and online wagering platform in Indiana.

The agreement will see CDI roll out its BetAmerica Sportsbook brand at the Rising Star Casino Resort in Southern Indiana, subject to license approval.

The agreement also allows CDI to offer retail and online sports wagering in Colorado under Full House Resorts' license at Bronco Billy's Casino and Hotel in Cripple Creek, subject to Colorado residents voting this November to ratify the state’s sports betting legislation.

The BetAmerica Sportsbook allows customers to bet on major professional sports including the NFL, NHL, MLB and collegiate sports, as well as sporting events across the world. It also provides players with in-game betting, early cash out options, and enhanced bonuses and products.

“We believe our innovative, state-of-the-art products and deep experience as the leader in online horse racing wagering enables us to introduce a premier sports betting platform in Indiana," said CDI chief executive Bill Carstanjen. "We look forward to the opportunity to provide our BetAmerica sportsbook to the residents of Colorado in the future as well."

Shares in Churchill Downs Incorporated (NSQ:CHDN) closed down 1.60 per cent at $122.68 per share in New York Tuesday.