The owner, MTR Gaming Group, broke ground in October 2005 for its new facility, which opened on February 28, 2007. It contains 2,000 slot machines. The 1 mile (1.6 km) oval track opened on September 2, 2007. It is paved with the synthetic material Tapeta Footings (a mixture of sand, rubber, fiber with a wax coating). It's the first synthetic horse racetrack that is longer than 1 mile (2 km) in the Northeast and the first racetrack paved with Tapeta in the United States. Simulcasting was transferred from its former upper Peach Street location and became operational in August 2007.
Some of the races at Presque Isle Downs include:
Presque Isle Downs Masters Stakes, Grade II 
Presque Isle Mile
Tom Ridge Labor Day Stakes
The property is located on a 272 acres (110 ha) site off Exit 27 on Interstate 90 in Summit Township.