..

TwinSpires Moves to Louisville From Silicon Valley

Written by:
Guest
Published on:
May/31/2017

LOUISVILLE, Ky. – (Associated Press) - Churchill Downs Inc. has moved its online wagering operations from Silicon Valley to its Kentucky hometown, where the Kentucky Derby is run at its namesake racetrack.

<a href="http://record.webpartners.co/_XbhnFW-nmwhTt9e7hQz8Z6knn9Z1btN7/2/" title="%DESCRIPTION%" target="_new"><img src="http://media.webpartners.co/uploads/USR-KD2-728x90.gif" width="728" height="90" alt="Bet on Horses at USRacing Today!" style="border:none;max-width:100%;height:auto;display:block;"/></a>

A decade ago, when the company was building its TwinSpires online wagering business, the operations were based in California to tap into its high-tech prowess. Now the company is confident it can fill those high-tech skills in Louisville, its CEO Bill Carstanjen said Tuesday.

"When we thought the skill sets were strong enough here in the state where we could duplicate all of those skills, that's when we really wanted to do it," he said. "Because we always liked the idea of the strategists of the business ... being located here with the rest of us."

TwinSpires has become a lucrative part of the Louisville-based racing and gambling company as a platform for mobile wagering on thoroughbred, harness and quarter horse races.

In 2016, $1.1 billion was wagered through TwinSpires, amounting to 10 percent of total betting on U.S. races, the company said.

"Technology, specifically mobile, is the equine industry's fastest-growing sector," Carstanjen said.

TwinSpires employs more than 200 people, altogether. That includes operations that will continue in Lexington, Kentucky. It plans to add 25 more Louisville employees. The parent company said it is investing $2.2 million to expand its Louisville offices to house TwinSpires headquarters.

No state incentives were used to lure those headquarters to Kentucky, Carstanjen said. Churchill executives cited efforts to make Louisville a tech hub as a key factor for the relocation.

Horse Racing News

Early Odds for 2021 Kentucky Derby

Early Odds for 2021 Kentucky Derby

Following the conclusion of the Breeders’ Cup, one sportsbook has set early odds for the 2021 Kentucky Derby.

Authentic Wins Breeders Cup

Authentic has won this year's Breeders Cup at 6-1 odds. He was not the favorite.

2020 Breeders Cup Classic Morning Odds

2020 Breeders Cup Classic Morning Odds

Gambling911.com has your Breeders Cup Classic morning odds for 2020.

Can I Bet Online With TVG From Michigan?

Can I Bet Online With TVG From Michigan?

Those living in Michigan cannot bet with TVG.  But there is a much better alternative in Jazz Sports.

Can I Bet Online With TVG From North Carolina?

Can I Bet Online With TVG From North Carolina?

Those living in North Carolina cannot bet with TVG.  An excellent alternative is Jazz Sports.

Syndicate