Churchill Downs Inc. is exiting the online sports and casino wagering space.
Just three years after launching an online sports betting and casino business in New Jersey under its now-defunct BetAmerica brand, Churchill Downs Inc. CEO Bill Carstanjen said Thursday that the company is exiting the online sports and casino wagering space.
"We will exit the (business-to-consumer) online wagering space," Carstanjen told investors during a conference call. "This isn't the result we wanted, but it is the prudent next step."
Comment
Waterstpub87
SBR MVP
09-09-09
4108
#5
Didn't 888 sports pull out of NJ too? or was it everywhere it pulled out of. Twinspires was kind of weak.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#6
I think so
We will see many many more
Bet365 will close to in NJ
Comment
stevenash
Moderator
01-17-11
66060
#7
Originally posted by jjgold
I think so
We will see many many more
Bet365 will close to in NJ
Yep, excluding Las Vegas books, the only two US sports books left standing will be DraftKings, and Fanduel,
FD and DK have been pointing toward this when FD launched in 2009, and DK in 2012.
Those two had pretty much a ten year head start on everybody else, everybody else is playing catch up, and never will
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30076
#8
Horse racing is going to get smaller.
Comment
stevenash
Moderator
01-17-11
66060
#9
Originally posted by Snowball
Horse racing is going to get smaller.
Yeah, it's not yours or mine grandpas game anymore when back in the day they would flock to the Big 'A' on a weekday and draw 24,000 to watch a card loaded with allowance races.
Today's racing is all elite now, what I mean is if the race isn't at least a Grade II stakes race, nobody but the hard core race fan is interested.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#10
Racing volume still decent
Most tracks
Will never
Close
Because cash cow casinos behind them
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30076
#11
Originally posted by jjgold
Racing volume still decent
Most tracks
Will never
Close
Because cash cow casinos behind them
They just shut down the track and build more slots and hotels.
Comment
Waterstpub87
SBR MVP
09-09-09
4108
#12
In NJ, I would estimate that Unibet will close as well. It's another kambi clone, bad lines, site doesn't work well.
DK,FD doing well. Caesars will stick around. Wynnbet. Barstool, but just for the name. Sugarhouse. Bet mgm.
There are many books that will eventually drop though. There are atleast 15 in NJ. It's too saturated. The books that will drop are the worse ones.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#13
Waterman excellent post and dead on
Comment
mcaulay777
SBR MVP
09-13-10
1788
#14
Here in Iowa they just announced a Purse increase at this horrible track Prairie Meadows which is awful as i said before I've lived here in Iowa since 04 and have been there 4 or five times at best this place stinks the apron is all concrete with just a few benches and tables.Inflation is thru the roof and the casino continues to support the races.IM Surprised no congressman as discussed taking away there welfare and giving the money elsewhere.
Comment
False Start
SBR High Roller
12-08-21
238
#15
Twinspires today told me they got rid of their $1,000 risk-free play, and now it's measly $100. And in NJ wouldn't even let me play that $100 free play, because the ridiculous software they use said I either go to PA or Mich to wager it. They told me those two states are "universal" log-ins, but NJ is on it's own. They will go under.
Even Bet America is NJ was bad.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#16
Small places basically going bankrupt
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
38211
#17
Originally posted by jjgold
Small places basically going bankrupt
Goldy, what is your Horse bankroll for this wkend?
And what tracks will you be playing?
Where's the fuckin power box, Carol?
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
38211
#18
Goldy, FYI...this forum might be Dead. Father Gold may have to give the Last Rites.
Where's the fuckin power box, Carol?
Comment
pavyracer
SBR Aristocracy
04-12-07
82654
#19
I wonder if jjgold will start the last thread before SBR bites the dust when he finds out his paycheck bounced.
Comment
stevenash
Moderator
01-17-11
66060
#20
Originally posted by pavyracer
I wonder if jjgold will start the last thread before SBR bites the dust when he finds out his paycheck bounced.
He'll be just fine.
He'll find another lawn to mow or a driveway to plow.
Don't worry about Coach, he's multi talented.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#21
Originally posted by ChuckyTheGoat
Goldy, what is your Horse bankroll for this wkend?
And what tracks will you be playing?
Chucky I am into a new thing with horses
EasyRider turned me onto it
DERBY WARS addicted to site
Comment
stevenash
Moderator
01-17-11
66060
#22
Originally posted by jjgold
Chucky I am into a new thing with horses
EasyRider turned me onto it
DERBY WARS addicted to site
I like the ponies, but I don't have the time to handicap the little claiming races and maidens.
I love the prime time races though.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#23
As long as twin spires keeps horse racing I will be fine.
Comment
CanuckG
SBR Posting Legend
12-23-10
21978
#24
Online sports is a low margin business. Very costly to acquire players.
The move makes sense as our retail business is strong. Horse racing also very strong.
Comment
gauchojake
BARRELED IN @ SBR!
09-17-10
34131
#25
Nucker give us a fukkin winner pal
Comment
mtneer1212
SBR MVP
06-22-08
4994
#26
Originally posted by stevenash
He'll be just fine.
He'll find another lawn to mow or a driveway to plow.
Don't worry about Coach, he's multi talented.
Coach is in big trouble -- no opportunities for old white men anymore -- must be female, gay, or a minority
Comment
stevenash
Moderator
01-17-11
66060
#27
Originally posted by mtneer1212
Coach is in big trouble -- no opportunities for old white men anymore -- must be female, gay, or a minority
Or woke.
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
38211
#28
Originally posted by jjgold
Chucky I am into a new thing with horses
EasyRider turned me onto it
DERBY WARS addicted to site
Goldy...you know you (WE) have a problem when you're betting Mechanical Horses at the D in Vegas. The old Fitzgeralds (on 2nd floor).
We started charting horses and running it thru Thorograph. Next time we get out there, we'll play the Mechanical Horses.
Good Luck. Hope u hit.
Where's the fuckin power box, Carol?
Comment
CanuckG
SBR Posting Legend
12-23-10
21978
#29
Originally posted by gauchojake
Nucker give us a fukkin winner pal
Cuse +7.5
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#30
What book is next??
Comment
stevenash
Moderator
01-17-11
66060
#31
Originally posted by jjgold
What book is next??
Bet Rivers.
They wanted in on the Connecticut market here, thought they could play with the big two, only to find out DK and FD are whooping them.
Comment
jjgold
SBR Aristocracy
07-20-05
388208
#32
Rivers spends tons of money adversity
Pa they hold their own
Comment
Crusherrr
SBR MVP
06-27-16
3661
#33
Originally posted by stevenash
Bet Rivers.
They wanted in on the Connecticut market here, thought they could play with the big two, only to find out DK and FD are whooping them.
They do have Sports Haven/Winners locations which helps them out a lot. I've been to Sports Haven a bunch of times and usually lots of guys at the kiosks.
Comment
stevenash
Moderator
01-17-11
66060
#34
Originally posted by Crusherrr
They do have Sports Haven/Winners locations which helps them out a lot. I've been to Sports Haven a bunch of times and usually lots of guys at the kiosks.
Haven't been yet.
Any good?
Comment
pilebuck13
SBR Posting Legend
05-15-15
17920
#35
Let’s be realistic here for a minute.
Almost everything in all major casinos will go away but slot machines. This dominates all their revenue and it’s not even fukin close…. They will shut down card rooms huge books where they can cram massive amounts of slot machines in. You will be left with a tiny window or kiosk. Slots are king.