02:39 PM EDT, 08/01/2024 (MT Newswires) -- Churchill Downs (CHDN) plans to focus most of its investments on growing racing machine business and technology over the next decade, the company's chief executive told the Wall Street Journal.

The company sees faster growth in its gaming segments and parts of online segment, Chief Executive William Carstanjen told the paper.

The company has put aside less than $500 million toward its horse racetracks, in contrast to the $1.3 billion spent in its gaming segment since 2023.

Carstanjen said that consumers were making more frequent trips to Churchill Downs' gaming sites and the company was looking to expand to new facilities through its investments.

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