Churchill Downs Incorporated's 2006 Fourth-Quarter and Year-End Results and Conference Call Invitation

Churchill Downs Incorporated (“Churchill Downs” or “Company”) (NASDAQ: CHDN) will release 2006 fourth-quarter and year-end results at 4:30 p.m. EDT on Monday, March 12, 2007, and host a related conference call to discuss the results on Tuesday, March 13, beginning at 9 a.m. EDT.

Investors and other interested parties may listen to the teleconference by accessing the online, real-time webcast and broadcast of the call at www.churchilldownsincorporated.com or www.earnings.com or by dialing (800) 638-4930 and entering the pass code 76722485 at least 10 minutes before the appointed time. The online replay will be available at approximately noon EDT and continue for two weeks. A two-week telephonic replay will be available two hours after the call ends by dialing (888) 286-8010 and entering 22965406 when prompted for the access code.

A copy of the Company’s news release announcing quarterly and year-end results and relevant financial and statistical information about the periods will be accessible at www.churchilldownsincorporated.com.

Churchill Downs Incorporated (“Churchill Downs”), headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. Churchill Downs’ five racetracks in Florida, Illinois, Indiana, Kentucky and Louisiana host many of North America’s most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million, Princess Rooney Handicap, Louisiana Derby and Indiana Derby. Churchill Downs’ racetracks have hosted seven Breeders’ Cup World Championships. Churchill Downs also owns off-track betting facilities and has interests in various advance deposit wagering, television production, telecommunications and racing services companies that support Churchill Downs’ network of simulcasting and racing operations. Churchill Downs trades on the NASDAQ Global Select Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.