CDI To Offer $1 Million Bonus Through Daily Racing Form/NTRA National Handicapping Championship

Handicappers competing at the 2006 Daily Racing Form/NTRA National Handicapping Championship ("NHC") in Las Vegas will be playing for more than prestige if they become eligible for the contest through one of the qualifying tournaments offered by Churchill Downs Incorporated (NASDAQ: CHDN) ("CDI"). Through its customer-reward program, the Twin Spires Club, CDI will offer a $1 million bonus to any handicapper who wins one of CDI's qualifying tournaments and then goes on to capture the top prize at the 2006 NHC.

Dubbed "The Million Dollar Bonus Tour," the program is sponsored by the Daily Racing Form and will run throughout 2005 as CDI holds qualifying tournaments at each of its seven racetracks. In order to be eligible for the $1 million bonus, winners of the CDI qualifying rounds must be registered members of the Twin Spires Club prior to their participation in CDI tournaments. Membership in the Twin Spires Club is free. Members of California's Golden State Rewards Network are also eligible for qualifying rounds.

Qualifying tournaments will be held as follows:

Churchill Downs Incorporated NHC Qualifying Tournaments

Arlington Park Sept. 18

Calder Race Course July 10 and Nov. 25, 26 and 27

Churchill Downs Aug. 20

Ellis Park Nov. 5

Fair Grounds Race Course Dec. 3 and 4

Hollywood Park June 18 and 19

Hoosier Park July 2

"There is tremendous buzz surrounding the Daily Racing Form/NTRA National Handicapping Championship amongst serious horseplayers," said CDI Director of Marketing Jeremy Clemons. "The 'Million Dollar Bonus Tour' will tie our contests together in a way that provides an extremely exciting and lucrative opportunity for our contest winners."

"Since its debut in 2000, the National Handicapping Championship has led to an explosion of tournaments across the country and the formation of a robust circuit for handicappers," said Steven Crist, chairman and publisher of Daily Racing Form. "We couldn't be more excited by the fact that some horseplayers will be playing for a million-dollar bonus at the 2006 NHC, thanks to Churchill Downs Incorporated."

"The Million Dollar Bonus Tour will add even more importance and prestige to the National Handicapping Championship program," said Ken Kirchner, senior vice president of product development for the NTRA. "We're delighted that CDI is offering tournament players this unprecedented opportunity."

For more information about the Million Dollar Bonus Tour, visit www.twinspiresclub.com.

A total of 214 finalists competed in the 2005 NHC, having qualified in one of 92 tournaments held by 57 racetracks, off-track betting facilities, casinos, Web sites and equine-related organizations from across the country in 2004. The 2005 winner, James Michelson Jr. of West Bloomfield, Mich., won $200,000 for his victory. Twin Spires Club qualifier Michael Conway of Glencoe, Ill., finished second. The Twin Spires Club Team captured the team portion of the 2005 contest, netting $5,000 for each of its three members. Full coverage of the 2005 tournament is available on the Daily Racing Form's Web site, www.drf.com.

The Twin Spires Club is the customer-reward program of Churchill Downs Incorporated. More than 250,000 members earn points and benefits each time they wager at participating locations, including Arlington Park; Calder Race Course; Churchill Downs; Ellis Park; Fair Grounds Race Course; Hoosier Park; Trackside Off-Track Betting locations in Illinois, Indiana and Kentucky; and Finish Line Off-Track Betting sites in Louisiana. For more information, visit www.twinspiresclub.com.

Churchill Downs Incorporated, headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. The Company's seven racetracks in California, Florida, Illinois, Indiana, Kentucky and Louisiana host 121 graded-stakes events and many of North America's most prestigious races, including the Kentucky Derby and Kentucky Oaks, Hollywood Gold Cup and Arlington Million. CDI racetracks have hosted nine Breeders' Cup World Thoroughbred Championships - more than any other North American racing company. CDI also owns off-track betting facilities and has interests in various television production, telecommunications and racing services companies that support CDI's network of simulcasting and racing operations. CDI trades on the NASDAQ National Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.