Churchill Downs, SBTech ink US iGaming, sports betting pact

Casino and race betting operator Churchill Downs Incorporated (CDI) has struck deals to enter New Jersey’s online gambling market and to position itself for other US online and sports betting opportunities.

On Wednesday, CDI announced that it had reached a deal with Golden Nugget Atlantic City to enter New Jersey’s regulated online gambling market, as well as regulated sports betting operations in the state, pending wagering legislation and gaming license approvals. CDI says it expects to launch in New Jersey by Q1 2019.

CDI already operates online horserace betting through its TwinSpires advance deposit wagering site and CEO Bill Carstanjen said his firm planned to use knowledge gleaned from operating “the largest legal online horseracing wagering business in the US.”

CDI has long coveted the opportunity to operate in New Jersey’s online market, having made a failed attempt to become the “exclusive online vendor” of Atlantic City’s since-shuttered Showboat casino in 2014.