Kentucky Derby

The 149th running of the Kentucky Derby takes place this weekend and will be one of the most discussed and bet-on sporting events of the year. Here’s a look at what bettors and readers need to know. How to Watch 2023 Kentucky Derby: The 2023 Kentucky Derby takes place on Saturday, May 6, 2023...

Strong launches in Ohio and Massachusetts, customer retention and market share wins are giving DraftKings Inc (NASDAQ: DKNG) the confidence to raise full-year guidance in the competitive sports betting market. Looking beyond the high-powered NFL betting segment, DraftKings is seeing other...

Being a “punter” at the ponies over the last five decades, my natural instinct is to find the most undervalued longshot and go with it. Unfortunately, my longshot last year was not Rich Strike, and with the convoluted outcomes of the Kentucky Derby over the last four years, the chalk...

Gaming entertainment, online wagering and racing company Churchill Downs (NASDAQ: CHDN) reported first-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Churchill Downs reported first-quarter revenue of $559.5 million, up from last year’s...

Sports betting company DraftKings Inc (NASDAQ: DKNG) is launching a new offering to attract additional customers and potentially lower customer churn. Here are the details. What Happened: On Tuesday, DraftKings announced a partnership with Churchill Down Inc (NASDAQ: CHDN) to launch DK...

Mo Donegal won the Belmont Stakes on Saturday, marking the third different horse to win a Triple Crown race in 2022. Here’s a look at who owns Mo Donegal and how it relates to the stock market. What Happened: Favorite Mo Donegal won the Belmont Stakes by three lengths, beating second place...

Longshot Rich Strike won the Kentucky Derby but will miss out on the potential of winning the Triple Crown in 2022. What Happened: Rich Strike’s owner Rick Dawson said his horse will skip the Preakness Stakes, set to be held on May 21. “Our original plan for Rich Strike was contingent...

One of the biggest upset stories in sports happened over the weekend, and it wasn’t from one of the four major North American sports. Here’s a publicly traded company that could stand to benefit. What Happened: Longshot Rich Strike won the 148th Kentucky Derby Saturday with odds of 80-1...

After an underwhelming contest for a Triple Crown in 2021, hopes are renewed this year with a fine crop of three-year-old colts who have the potential to make horse racing history. As usual, the focus on handicapping the winner of the Kentucky Derby will be on the winners, or top competitors,...

A leading casino and sports betting company could have a catalyst coming with the launch of an app to wager on horse racing for its existing and future customers. What Happened: Caesars Sportsbook, which is owned by Caesars Entertainment Inc (NASDAQ: CZR) announced Caesars Racebook in...

Just as horse racing was making a comeback in the public eye, with two Triple Crown winners in four years (American Pharoah in 2016 and Justify in 2018), two of the last three winners of the actual Kentucky Derby race have been disqualified. In 2019, Maximum Security was disqualified for...

Record-breaking horse trainer Bob Baffert will not be able to race any horses in the Kentucky Derby for the next two years after a suspension was announced Wednesday. What Happened: A two-year suspension was announced by Churchill Downs Inc (NASDAQ: CHDN) for trainer Baffert. The suspension comes...

The horse racing industry has been rocked by a scandal that has an ongoing investigation of Kentucky Derby-winning horse Medina Spirit and trainer Bob Baffert. What Happened: Medina Spirit won the 147th running of the Derby on May 1, finishing a half-length ahead of runner-up Mandaloun. However,...

The 147th running of the Kentucky Derby will take place today. The race will feature 19 horses as of writing that will compete in the longest-running annual sporting event in the United States. The race will be aired on NBC Sports, a unit of Comcast Corporation (NASDAQ: CMCSA). The race and...

If you want to be the one at your Kentucky Derby party (virtual or not) who wants to brag about having $10 on the winner of the race, the choice is easy: Essential Quality. If you tend to shy away from betting on the heavy favorite (like myself) and are looking for a pony to include in some...