Churchill Downs Incorporated has signed a definitive agreement to acquire the 49% stake in United Tote Company that it sold to NYRA Content Management Solutions in April 2024. The transaction will return full ownership of United Tote to CDI, and NYRA has concurrently agreed to extend its tote services agreement with United Tote through 2035. United Tote provides pari-mutuel wagering systems for racetracks, off-track betting facilities, and other operators. The deal supports CDI's strategy to vertically integrate key wagering technologies and strengthen its position as a B2B distributor of horse racing content. The transaction is expected to close by August 5, 2026.
Churchill Downs IncorporatedChurchill Downs reacquires full ownership of United Tote, a strategic vertical integration move.
NYRA extends tote services agreement through 2035 and sells its stake, securing long-term partnership and monetizing investment.