United States
United Kingdom
Brazil
Australia
TwinSpires
TwinSpires is a US advance-deposit-wagering (ADW) platform for pari-mutuel horse racing, owned by Churchill Downs Incorporated; it exited online sports betting in 2022 and now operates as a horse-racing-only service.
What TwinSpires Is
TwinSpires is not a sportsbook. Churchill Downs Incorporated describes it in its 2025 annual report as an advance deposit wagering business that operates the online horse racing wagering business for twinspires.com, betamerica.com and other white-label platforms. Advance deposit wagering means money is deposited before a bet is placed and every stake joins the track's pari-mutuel pool, so the payout is set by the pool rather than by a price the operator offers. The TwinSpires app in the US App Store is published by Churchill Downs Technology Initiatives Company.
What Pari-Mutuel Betting Means for the Odds
Because the pool sets the payout, there is no fixed price to shop around for and no bookmaker margin to compare: customers backing the same horse into the same pool are paid the same dividend, set when the pool closes. What distinguishes one advance-deposit wagering service from another is therefore track coverage, rebates, data and video rather than odds — which is why the questions worth asking about TwinSpires are not the questions worth asking about a sportsbook.
Where TwinSpires Is Available
Advance deposit wagering is permitted by a different set of states from sports betting, and the licensing follows a different shape. Churchill Downs states it: the business is licensed as a multi-jurisdictional simulcasting and interactive wagering hub in the state of Oregon, and holds licences from various other states where applicable. So a hub licence does not replace state licensing — it sits alongside it. TwinSpires appears on this site's United States page with the states where its availability has been recorded.
What TwinSpires's Licence Record Says
TwinSpires holds one licence line in our records. TwinSpires keeps each line as the register work recorded it.
- TwinSpires: Oregon Racing Commission (multi-jurisdictional ADW hub licence)
Where TwinSpires Is Recorded as Available
TwinSpires is recorded as accepting customers in one market: United States. TwinSpires's acceptance is recorded apart from TwinSpires's licensing. TwinSpires is marked unavailable or restricted in one further market. TwinSpires holds 38 pairings at state or province level.
TwinSpires's Recorded Payment Methods
TwinSpires records five payment methods: Apple Pay, Bank transfer, Mastercard. TwinSpires also records PayPal, Visa. TwinSpires scopes none of those to a country.
What TwinSpires Is Recorded as Offering
TwinSpires has no sport record, so sport pages do not list TwinSpires. TwinSpires is recorded against two race types: Harness racing, Thoroughbred (flat).
TwinSpires's Stored Offer
TwinSpires has one offer in our data, stored as “$200 Sign-Up Bonus”. TwinSpires has no wagering, deposit, odds or expiry figure held. TwinSpires's wording is stored, not verified by us.
TwinSpires: What This Page Does Not Cover
TwinSpires's recorded rating is 4.5, reproduced not computed. TwinSpires's app, payouts, support and pricing are untested.
Pros & Cons
What We Like
- +Licensed
- +Live Streaming
- +Free Handicapping
Worth Knowing
- −No Greyhound Racing
Our Take
TwinSpires is a horse-racing product and should be judged as one: pari-mutuel wagering through an advance-deposit account, run by the company that owns Churchill Downs. A reader looking for a sportsbook is on the wrong page, and a reader looking for fixed-odds racing prices will not find them here either. Which tracks are covered, and what the video and form tools are, is not stated in any public filing.
We may earn a commission if you open an account through a link on this page, including with TwinSpires. That does not change what we write.
Payment Methods
Accepted Currencies
Countries We Have Checked
These are the countries we have a record for. It is not a complete list of where TwinSpires operates — a country missing here is one we have not checked yet.