Churchill Downs reports $980 million Q2 revenue and agrees United Tote buyout
Churchill Downs reported second-quarter revenue of $980 million, up 5% year on year, and said adjusted EBITDA rose 6% to $477 million. Separately, it agreed to acquire NYRA Content Management Solutions’ remaining 49% stake in United Tote, with closing expected around 5 August subject to customary conditions.
Record revenue and adjusted EBITDA growth, alongside the proposed United Tote stake purchase, inform expectations for Churchill Downs.