What does 9 states — number of retail sportbooks mean?

This metric represents the total count of physical, brick-and-mortar sports betting locations operated by the company across its designated geographic footprint. It serves as a key indicator of the company's physical market presence and retail distribution capacity for wagering services. Tracking this figure helps investors assess the scale of the company's land-based gaming infrastructure and its ability to capture market share in regulated sports betting jurisdictions.

Churchill Downs CHDN 9 States — Number of retail sportbooks

Other geography segments

3 States

7—

Similar metrics at other companies

FLUTU.S. — Number of states, sportsbook availability

25+8.7%

CZRSports Wagering — Number of jurisdictions in which the company operates

34—

CZRMobile Sports Betting — Number of jurisdictions in which the company operates

27—

FLUTU.S. — Number of states, online horse racing product availability

320.0%

ORLYUS — Number Of Stores

6.6K+3.2%

ORLYUS — Number Of States In Which Entity Operates

4,800%0.0pp

Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Enterprise value$7.71B-19.3%

P/E15.8×-3.1×

P/S2.1×-0.8×

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept chdn:NumberOfRetailSportbooks.

The official record: Churchill Downs’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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What is Churchill Downs's 9 states — number of retail sportbooks?: Churchill Downs (CHDN) reported 9 states — number of retail sportbooks of 2.3 in Q4 2025.
What does 9 states — number of retail sportbooks mean?: This metric represents the total count of physical, brick-and-mortar sports betting locations operated by the company across its designated geographic footprint. It serves as a key indicator of the company's physical market presence and retail distribution capacity for wagering services. Tracking this figure helps investors assess the scale of the company's land-based gaming infrastructure and its ability to capture market share in regulated sports betting jurisdictions.