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Strong Q3 for Churchill Downs despite online wagering decline

31st October 2019 9:25 am GMT
Churchill Downs

New York-listed gaming and racetrack operator Churchill Downs Incorporated has reported a 38 per cent increase in net revenue to $306.3m for the third quarter of 2019.

The company enjoyed strong performances from its Churchill Downs racing segment and land-based gaming operations, which offset a decline in online wagering.

Q3 2019 Net Revenue Comparison (US$)

Revenue from Churchill Downs soared 177 per cent to $32.7m due to a $20.2m increase in revenue from Derby City Gaming in Kentucky, [...]

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