Churchill Downs Makes Murr New TwinSpires President
Posted on: January 16, 2022, 09:15h.
Final up to date on: January 16, 2022, 09:31h.
Churchill Downs Inc. on Friday introduced that Ben Murr would take over as the brand new president of TwinSpires and on-line gaming.
Murr, a longtime govt with the Louisville-based gaming firm, grew to become TwinSpires’ interim chief after Ian Williams left to affix Wynn Interactive in October. Williams grew to become president of Wynn Interactive in November, after becoming a member of the Las Vegas firm to function its COO.
For greater than 9 years, Murr served as Churchill Downs Inc.’s senior vice chairman and CTO. Earlier than that, he beforehand served because the president of CDI’s United Tote division and as Churchill’s CIO.
I’ve been closely concerned with TwinSpires and our On-line Gaming operations all through my tenure at CDI,” Murr stated in a launch. “I’m obsessed with these companies and consider strongly of their future development potential and strategic significance for CDI.”
He’ll retain the senior vice chairman title, in keeping with the Churchill Downs announcement. Nonetheless, the corporate stated it would look to discover a new CTO, who would additionally function a senior vice chairman, within the close to future.
Churchill Downs Inc. CEO Invoice Carstanjen stated within the launch that Murr has helped gasoline development throughout the corporate’s operations.
“He has been a key participant all through the in depth adjustments in our Firm during the last 14 years and can proceed to maneuver our TwinSpires and On-line companies ahead,” Carstanjen stated.
Churchill Downs Maintaining TwinSpires
TwinSpires serves because the model title for Churchill Downs Inc.’s advance deposit wagering (ADW) platform for pari-mutuel betting. The title is a nod to the long-lasting function of the corporate’s namesake racetrack in Louisville. The net wagering platform for thoroughbred, quarter horse, and harness racing is obtainable in practically 40 states.
A yr in the past, Churchill Downs introduced it will rebrand its BetAmerica sportsbook and iGaming platforms beneath the TwinSpires title. It at the moment gives sports activities betting in Arizona, Colorado, Indiana, Maryland (retail solely), Michigan, Mississippi (retail solely), New Jersey, Pennsylvania, and Tennessee. It’s additionally anticipated to launch sports activities betting in Louisiana. On-line on line casino video games are at the moment obtainable in Michigan, New Jersey, and Pennsylvania.
The Bloomberg report got here after Churchill Downs Inc. reached agreements to promote Arlington Park in Illinois to the Chicago Bears and 115 acres of land round Calder On line casino in Florida to a logistics firm. Churchill Downs will obtain about $490 million after the offers shut.
High Horse Racing ADW
TwinSpires sometimes ranks because the nation’s prime ADW horse racing platform. In line with knowledge from the Oregon Racing Fee, which has tracked knowledge since 2013, TwinSpires has been the No. 1 platform based mostly on deal with yearly aside from 2020. Final yr, Flutter-owned TVG eclipsed it by lower than $9.5 million. In 2020, TVG took in $2.46 billion in bets, in comparison with $2.45 billion.
The figures for 2021 will not be but full. Nonetheless, by way of the primary three quarters TwinSpires has reclaimed the highest spot however by a slim margin. Its $1.91 billion deal with is about $51.6 million greater than TVG.
Churchill Downs has not had the identical quantity of success in sports activities betting. In that realm, it competes with operators like DraftKings, FanDuel, BetMGM, and Caesars Sportsbook.
Not all states report deal with and income totals by operator. Of those who do, TwinSpires sometimes ranks on the decrease finish of sportsbooks in these states.
In Arizona, TwinSpires took in $1.6 million of the $486.1 million in wagers made in October. TwinSpires accepted about $2.7 million of the $463 million in bets made in Indiana in December. And for the primary 5 months of the 2022 fiscal yr, TwinSpires has reported a deal with of $32.9 million in Pennsylvania, the place $2.77 billion has been wagered.