US casino and betting operator Churchill Downs Incorporated (CDI) leaned hard on its TwinSpires advance deposit wagering site after its land-based operations were shut by COVID-19.

Figures released Wednesday show CDI generated revenue of $185.1m in the three months ending June 30, a 61.2% decline from the same period last year. Earnings tumbled even harder, falling 86% to $30.1m while the company booked a net loss of $118.8m versus a $107.1m profit in Q2 2019.

While COVID-19 was obviously a factor in that red ink, the bulk of the loss came via discontinued operations, specifically, the $124m settlement ($95.4m after tax) in May with disgruntled customers of CDI’s former social casino unit Big Fish Games, which CDI sold to Australia’s Aristocrat Leisure in 2017.

As for continuing operations, CDI was forced to close its venues in March as the COVID-19 scythe swept across America. CDI has since reopened all its gaming venues save the Calder Casino in Florida, which reopened briefly only to be shut again earlier this month after Florida’s governor decided that COVID-19 could be handled merely by talking tough and kissing Donald Trump’s (presumably) orange posterior.