Presque Isle Downs and Casino

What Presque Isle Downs and Casino does

Presque Isle Downs & Casino is a single-property regional casino and horse racing facility located at 8199 Perry Highway in Erie, Pennsylvania, wholly owned by Churchill Downs Incorporated (NASDAQ: CHDN) since its January 2019 acquisition from Eldorado Resorts for $178.9 million in cash. The property has operated continuously since opening in February 2007 and runs 24 hours per day, 365 days per year. Its core offering combines casino gaming, live and simulcast horse racing, sports betting, and on-site dining under one roof. The gaming floor features over 1,500 slot machines ranging from penny to high-limit denominations, over 30 table games including Blackjack, Craps, Roulette, Mini Baccarat, DJ Wild, Mississippi Stud, Three Card Poker, and Ultimate Texas Hold 'Em, a seven-table smoke-free poker room, and an exclusive High Limit Room.

The property's non-gaming amenities include a 1-mile oval thoroughbred horse racing track hosting seasonal live racing with stakes purses up to $100,000 plus a year-round simulcast wagering area, TwinSpires Sportsbook self-serve kiosks distributed across the Sportsbook, Churchill's Bourbon & Brew, and the High Limit Room operating 24/7, and four food and beverage venues: LBV Steakhouse (USDA prime steaks and seafood), Churchill's Bourbon & Brew brew pub with 30+ beers on tap, The INCafé grab-and-go, and additional bars and lounges. There is no on-property hotel, no mobile app, and no online gaming platform; distribution is exclusively walk-in foot traffic from the Erie region, with free parking including overnight RV accommodation.

Revenue is generated through transaction fees on gaming handle (slots, tables, poker rake), pari-mutuel and sports wagering, and dining covers. The Players Club loyalty program, which guarantees new members $100–$2,500 in Free Play upon sign-up, is the primary retention and re-engagement mechanism, supplemented by promotions such as Super 6 Saturday ($84,000 starting jackpot), Multi-Link Table Progressive, Tasty Tables dining comps, and the Friends with Benefits referral program. Churchill's Bourbon & Brew received an OpenTable 2024 Diners' Choice Award. The business model is direct-to-consumer physical retail with no public pricing disclosure and no proprietary technology platform identified in the source material.

Name

Presque Isle Downs and Casino

Legal name

Presque Isle Downs & Casino

Website

https://presqueisledowns.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Presque Isle Downs & Casino is a single-property regional casino and horse racing facility in Erie, PA, owned by Churchill Downs Incorporated (NASDAQ: CHDN). It operates 1,500+ slots, 30+ table games, sportsbook kiosks, live racing, and dining for adult walk-in guests from the regional Erie market.

Ownership category

akta.pro rank

Product category

Casino Gaming and Horse Racing

NAICS

Casinos (except Casino Hotels) (71321), Gambling Industries (7132)

SIC

Services-Racing, Including Track Operation (7948), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Standalone Casino Properties (Urban/Suburban) (MPAEAAAB)

akta.pro secondary industry

Cardrooms & Poker Rooms (Land-Based) (MPAEAAAG)

Keywords

• Casino gaming services
• Slot machines gaming
• Live horse racing
• Sports betting wagering
• Casino dining entertainment

Headquarters

HQ city

Erie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Gaming - Slot Machines: Over 1,500 slot machines available to guests. Players Club points can be redeemed for Free Play. Revenue generated per handle/wagered amounts.
2. Table Games: Over 30 table games including Blackjack, Craps, Roulette, Mini Baccarat, DJ Wild, Mississippi Stud, Three Card Poker, Ultimate Texas Hold 'Em. Tasty Tables promotion offers dining comps based on 3 hours of carded play.
3. Poker Room: Seven-table poker room in a smoke-free environment, generating rake from card games.
4. Sports Betting - TwinSpires Sportsbook: Sports betting kiosks located throughout the property (Sportsbook by Bar 90, Churchill's Bourbon & Brew, High Limit Room). Wagering on football, basketball, baseball, hockey available 24/7.
5. Live Thoroughbred Horse Racing: Seasonal live thoroughbred racing at a 1-mile oval track. Simulcast area for year-round horse race wagering across the country. Stakes races with purses up to $100,000.
6. Food & Beverage: Three dining venues: LBV Steakhouse (USDA prime steaks, seafood, Italian), Churchill's Bourbon & Brew (brew pub with 30+ beers on tap, bourbon, sports betting kiosks), The INCafé (grab-and-go). Revenue from covers, food and beverage sales, and alcohol.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Presque Isle Downs & Casino is a single-property regional casino and horse racing destination in Erie, Pennsylvania, operating more than 1,500 slot machines, over 30 table games, a seven-table smoke-free poker room, a TwinSpires sportsbook with self-serve wagering kiosks, and seasonal live thoroughbred horse racing on a 1-mile oval track with year-round simulcast pari-mutuel wagering. The property complements gaming with three dining venues (LBV Steakhouse, Churchill's Bourbon & Brew, The INCafé), bars and lounges, a High Limit Room, and the Players Club loyalty program offering points redeemable for Free Play and dining comps.

Product overview

Presque Isle Downs & Casino is a casino resort offering gaming, dining, and horse racing entertainment. The property features over 1,500 slot machines and over 30 table games including Blackjack, Craps, and Roulette, complemented by a TwinSpires Sportsbook with self-serve betting kiosks and a seasonal live thoroughbred horse racing track with Simulcast wagering. Dining options include the upscale LBV Steakhouse, Churchill's Bourbon & Brew brew pub, and The INCafé quick-service restaurant. The Players Club loyalty program provides points redeemable for Free Play and dining perks. The venue also includes a High Limit Room for premium players and a seven-table poker room.

Differentiator

Problem solved

Functional benefit

Products and services

• Slots Slot machine gaming product featuring over 1,500 machines from penny to high-limit denominations, including Wheel of Fortune slots and recurring new theme rollouts. Available to Players Club members who accumulate points redeemable for Free Play. Targeted at adults 21+ in the Erie regional market.
• Table Games Table game product featuring over 30 live-dealer games including Blackjack, Craps, Roulette, Mini Baccarat, DJ Wild, Mississippi Stud, Three Card Poker, and Ultimate Texas Hold 'Em, with progressive jackpots and side bets (Multi-Link Table Progressive). Available daily 11am to 3am. Targeted at adults 21+.
• TwinSpires Sportsbook Self-serve sports wagering product offering 24/7 kiosk-based betting on football, basketball, baseball, hockey, and other sports via the TwinSpires Sportsbook brand. Kiosks are located throughout the property for guest convenience. Targeted at adult sports fans 21+.
• Live Thoroughbred Horse Racing Seasonal live thoroughbred horse racing product run on a 1-mile oval track with stakes races offering purses up to $100,000. Complemented by a year-round Simulcast Area for pari-mutuel wagering on races across the country. Available to guests 18+ for racing wagers.
• Players Club Loyalty Program Loyalty program that awards points for tracked slot and table play, redeemable for Free Play and dining benefits. Includes new member sign-up bonuses, member-only promotions, and a referral incentive. Targeted at frequent and new casino visitors 21+.
• High Limit Room Premium gaming product offering an exclusive slots and table games area with elevated betting limits, targeted at high-stakes players 21+.
• Poker Room Dedicated poker product offering seven tables in a smoke-free setting, with rake-based revenue from card games. Targeted at poker players 21+.
• LBV Steakhouse Upscale on-site dining venue serving USDA prime steaks, seafood, and Italian cuisine with a curated wine list and craft cocktails. Targeted at adult diners seeking a fine-dining experience at the property.
• Churchill's Bourbon & Brew Casual on-site brew pub offering 30+ beers on tap, an extensive bourbon selection, and American cuisine, with race-track views and on-property sports betting kiosks. Accepts OpenTable reservations. Targeted at adult diners 21+.
• The INCafé Quick-service on-site café offering grab-and-go breakfast, sandwiches, and comfort food located off the casino floor. Targeted at casino visitors seeking fast, casual dining.
• Super 6 Saturday Jackpot Lottery-style progressive jackpot game where players match 6 numbers on a kiosk prize wheel to win a share of the jackpot, which starts at $84,000. Targeted at casino visitors 21+.

Quantifiable outcome

• $178.9 million acquisition price paid by Churchill Downs Incorporated in January 2019
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Churchill Downs Incorporatedflagship (owned entity)Others · 11 January 2019Churchill Downs Incorporated (Nasdaq: CHDN) acquired Presque Isle Downs & Casino from Eldorado Resorts in January 2019 for $178.9 million in cash. CDI is an industry-leading racing, gaming, and online entertainment company anchored by the Kentucky Derby. The acquisition gives CDI a foothold in Pennsylvania and access to sports betting and online gaming markets. CDI provides corporate ownership, brand association, and operational support.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Others

• DraftKings: Leading online sportsbook and iGaming operator in Pennsylvania. Represents the broader industry shift toward mobile wagering that erodes the addressable market for Presque Isle's purely land-based operating model.
• BetMGM: Online sports betting and iGaming operator active in Pennsylvania, partnered with MGM Resorts. Represents the digital wagering channel that Presque Isle has not entered — a structural competitive threat to physical casino attendance and handle.

Broad incumbents

• Wind Creek Bethlehem: Former Sands Casino Bethlehem, now operated by the Poarch Band of Creek Indians. Major Pennsylvania casino with slots, tables, sportsbook, hotel, dining, and entertainment — competing in the same PA market with significantly greater scale and amenities.
• Caesars Entertainment: Operates Harrah's Philadelphia and other gaming properties in the broader PA/regional market. Larger incumbent gaming company with overlapping Caesars Rewards loyalty program competing for the same regional gaming customer.
• Penn Entertainment: Parent company of multiple Pennsylvania regional gaming properties including Hollywood Casino and The Meadows. A publicly traded regional gaming operator competing directly with CDI/Presque Isle across the PA footprint and beyond.
• Mount Airy Casino Resort: Pennsylvania integrated casino resort in the Poconos with on-site hotel, slots, table games, sportsbook, and golf. Overlaps in core gaming offerings but offers an amenitized resort experience Presque Isle cannot match.

Direct peers

• Parx Casino: Largest Pennsylvania casino by gaming revenue, located in Bensalem, PA. Operates slots, table games, sportsbook, and racing — directly competing for the same regional PA gaming wallet with a larger scale and broader amenity set.
• Mohegan Sun at Pocono Downs: Pennsylvania casino in Wilkes-Barre offering slots, table games, poker, sportsbook, and harness racing. Directly comparable as a Pennsylvania regional gaming property without a comparable hotel footprint, competing for similar drive-in patrons.
• Hollywood Casino at Penn National Race Course: Pennsylvania 'racino' combining casino gaming with live thoroughbred horse racing, located in Grantville, PA. Operated by Penn Entertainment, it is the closest functional analog to Presque Isle: casino + racing + slots + tables under one regional roof without a major hotel anchor.
• The Meadows Casino and Racetrack: Pennsylvania racino in Washington County operated by Penn Entertainment, offering slots, table games, sports betting, and live harness racing. Highly comparable operating model, regulatory framework, and regional racetrack-plus-casino combination.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/pidowns

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Presque Isle Downs and Casino