"The ‘online wagering’ segment, which includes not only the TwinSpires advance deposit wagering site but also the new BetAmerica online sports betting and iGaming business, reported revenue falling by $1.7m to $70.4m. Online earnings fared much worse, dropping nearly 28% to $15m. CDI blamed the online slump on “the exit of certain existing high volume / low margin customers” from Velocity Wagering Services, its Isle of Man-based ADW site for international racing bettors. TwinSpires’ Q3 betting handle, which doesn’t include Velocity, was up 7.9% year-on-year as active players rose by 2.6% but net revenue per active player fell 1.1%."