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Sports Betting Legalized; Churchill Downs Has Leg Up on Rivals

publication date: May 16, 2018
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In a landmark decision, the US Supreme Court ruled that states could legalize sports betting. We expect this to be a positive catalyst for several gambling-related equities, and many are moving fast to capitalize on the development. We’re taking a long-term view on potential ramifications and are not jumping head-first into any potential opportunities…yet.

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