Churchill Downs Inc. Net Revenue Climbs 40 Percent

Written by:
Aaron Goldstein
Published on:
Feb/25/2016
Churchill Downs Inc. Net Revenue Climbs 40 Percent

Churchill Downs Inc., owner of Churchill Downs in Louisville, Ky., home of the Kentucky Derby, reported net income of net income of $65.2 million in 2015, up 40.5 percent compared with net revenue of $46.4 million in 2014, according to financial statements released late on Wednesday. 

Total revenue during the year was $1.212 billion, thus breaking a company record. 

This number was up 49 percent compared with revenue of $812.3 million last year.  Social-gaming company Big Fish, purchased by Churchill Downs Inc in 2014, reported revenue of $413.7 million, accounting for nearly all of the revenue growth year-over-year.

- Aaron Goldstein, Gambling911.com

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