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Churchill Downs, Inc. Buying Online Wagering Site

Churchill Downs, Incorporated announced Wednesday that it will buy the online wagering site Youbet.com.A statement from the companies says the transaction is valued at $126.8 million.They expect online wagering to grow in popularity, though its estimated right now that less than 14-percent of wagering on thoroughbred races is placed online.Company officials will hold news conferences Thursday to discuss the transaction.

Rick Howlett was midday host and the host of LPM's weekly talk show, "In Conversation." He was with LPM from 2001-2023 and held many different titles, including Morning Edition host, Assignment Editor and Interim News Director. He died in August 2023. Read a remembrance of Rick here.