Virginia Horse Racing

An Investment in Virginia

After identifying the opportunity to grow horse racing and increase state tax revenues in Virginia, our team developed a plan to acquire a closed thoroughbred track, while also working with legislators to modernize state wagering laws.

After winning passage of those new laws, the group partnered with a renowned gaming and racing company, who subsequently led a $300M investment to bring back live racing and build an extensive OTB network across the state.

That investment created nearly 5,000 jobs and more than $44M in new tax revenues.

In late 2022, the properties were sold to Churchill Downs for $2.5 billion.