12/9/2023 0 Comments Sportsbooks wvThe process to shut down the sports betting and casino platforms is expected to take several months to complete. TwinSpires Casino is live in Michigan, New Jersey and Pennsylvania.Ĭarstanjen said shutting down the sports and casino platforms is not the result the company wanted but is “the prudent next step.” The TwinSpires Sports mobile platform was operational in Arizona, Colorado, Indiana, Michigan, New Jersey, Pennsylvania and Tennessee. However, the company’s 2021 earnings report shows a loss of $31.9 million on online sports betting. “That jumped to 60% in 2020 and then in 2021 saw a steady state of 50% market share, so this is a very successful business.” ![]() “Pre-COVID, we were about 40% of the horse racing market,” he said, according to the National Post. is shutting down its TwinSpires Sportsbook and casino platforms to focus on horse racing, the company announced Thursday.Ĭhurchill Downs CEO Bill Carstanjen said the company is “excited” about the TwinSpires horse racing app but is getting out of online sports betting and casinos.
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