Churchill Downs Earnings Off
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From Reuters
LOUISVILLE, Ky. — Fewer bettors went to Churchill Downs race track last year, helping to cut the pay out for the famous home of the Kentucky Derby by 5.7%, although it still reported its second best year in history Wednesday.
Profits for Churchill Downs Inc. slumped to $4.16 million from the previous year, marking the first time that earnings declined at the track in six years.
Profits were hurt by a 10% slump in attendance to 1,039,112 and a 14% drop in on-track betting.
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