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Independent & editorially reviewed Odds & offers updated September 27, 2026
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Virginia's HHR revenue rose 1.2% in July on paper, but fell 11.7% on a same-store basis as Cordish's new Petersburg Live casino pulled bettors from Churchill Downs' Richmond-area slot parlors.
Pennsylvania's Supreme Court ruled the state's thousands of unregulated 'games of skill' machines are illegal slot machines, a decision expected to boost licensed casinos and racinos once enforcement begins Oct. 15.
Churchill Downs posted a record $980 million in Q2 2026 revenue, up 5% year-over-year, fueled by a record-breaking Kentucky Derby Week and strong HRM venue growth in Kentucky and Virginia.
Churchill Downs raised the Grade I Stephen Foster Stakes purse from $1 million to $2 million for the June 27 race, creating one of the richest summer stakes on the North American calendar and enhancing its appeal as a Breeders' Cup 'Win and You're In' qualifier.
CDI just acquired the Preakness Stakes intellectual property for $85 million — and with the Kentucky Derby 10 days away, horse racing bettors should understand what this power consolidation actually means.
