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Federal court ends Michigan ADW licensing enforcement against Churchill Downs

Regulation

A federal court in western Michigan granted summary judgment to Churchill Downs in its dispute with the Michigan Gaming Control Board over advance-deposit wagering apps. The ruling leaves the board unable to enforce Michigan’s ADW licensing rules against the company’s TwinSpires app, following an earlier Sixth Circuit decision that found the state requirements conflicted with the federal Interstate Horse Racing Act.

The ruling limits Michigan’s ability to regulate TwinSpires and may influence disputes over state ADW rules elsewhere.

End-of-day close Churchill Downs (CHDN), USD, to 20 February 2026
Story date24 November 202520 February 2026

Latest reported results

Churchill Downs NASDAQ: CHDN

Quarter ended 30 September 2026

Revenue
USD 696.0m10-Q filing 0000020212-26-000084
Operating income
USD 143.0m10-Q filing 0000020212-26-000084

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