Churchill Downs Incorporated entered into an agreement this week with bet365 to allow the international gaming company to gain access to the Pennsylvania sports betting and PA online casinos market.
“We are pleased to partner with a global leader in the online gaming industry,” said Bill Carstanjen, CEO of CDI in a released statement. “Our relationship with bet365 enables us to maximize the value of our company’s sports betting and iGaming market access in Pennsylvania.”
The deal signals the end of operation for Churchill Downs’ online gaming platform, TwinSpires, in Pennsylvania. The company continues to offer the iGaming service to customers in Arizona, the lone remaining state in the continental United States Churchill Downs Inc. offers TwinSpires.
Churchill Downs ultimately decided to partner with bet365 because they could not see a path to profitability with their current online business model in PA online sports betting market.