Churchill Downs Incorporated to acquire 49% of United Tote Company from NYRA

(PRESS RELEASE) -- Churchill Downs Incorporated announced today that the Company has signed a definitive agreement to acquire 49% of United Tote Company from NYRA Content Management Solutions, LLC, a subsidiary of the New York Racing Association, Inc. CDI sold a 49% interest in United Tote to NYRA in April 2024, and NYRA agreed to utilize United Tote for their racetrack and gaming related pari-mutuel wagering systems. Concurrent with this transaction, NYRA has agreed to extend their tote services agreement with United Tote through 2035.

United Tote manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other wagering operators. United Tote provides totalisator services which accumulate wagers, calculate payoffs, and display wagering data to bettors to CDI-operated racing and gaming facilities as well as third-party racetracks, OTBs, and other pari-mutuel wagering operators.

This acquisition supports the CDI’s long-term strategy to own and vertically integrate key technologies and services related to pari-mutuel wagering and horse racing, while strengthening the Company’s position as a leading B2B distributor of horse racing content and provider of racing services. United Tote also enhances CDI’s ability to develop, deploy, and manage critical horse racing related wagering technology.

The transaction is expected to close by 5 August 2026.