Churchill Downs has been synonymous with horse racing since the first running of the Kentucky Derby (which actually started in 1875). Now the company is moving into real-money online gambling — beyond horse racing — thanks to a quirk in interstate gambling law.
Real-money online gambling is illegal in most states in the U.S. — except when it comes to live horse racing. Gamblers can bet on the horses via online web sites. But now Churchill Downs’ Luckity.com subsidiary has started a number of casino games — such as daily jackpots and slot machines — in which players can put down real bets and win cash prizes.

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