Churchill Downs, home to the Kentucky Derby, is a publicly traded company. And any investors that have made a wager on this particular pony have done quite well lately. Why you might ask?

Horse racing may still be known as the sport of kings, but it's not nearly as popular as it once was. Here's how to bet legally on the Kentucky Derby. There has been a bit of a resurgence lately thanks to American Pharoah winning the Triple Crown the Kentucky Derby, Preakness Stakes and Belmont Stakes in He was the first Triple Crown winner in 37 years. But the recent winning streak for Churchill Downs has little to do with people getting dressed up in fancy hats, drinking mint juleps and singing "My Old Kentucky Home" in Louisville.

American Pharoah's big win after the Triple Crown?

The company owns the online horse racing site TwinSpires. Churchill Downs also owns six casinos as well as the casual gaming site Big Fish. Those are the businesses that make money for Churchill Downs.

The racetrack division johnson stock market kentucky derby posted a decline in revenue in the most recent quarter and a bigger loss than a year ago. There's a saying among gamblers that there's little money to be made in betting the "chalk" -- big favorites that won't pay all that handsomely if they win because the odds aren't good. You might be better off going with a long shot that could yield a huge payoff.

But that's not the case with Churchill Downs. It's been the "chalk" on Wall Street for a while -- and its track record has been as great as the legendary Secretariat and other Triple Crown winners. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar.

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