Churchill Downs Incorporated to Host Conference Call Regarding Status of Louisiana Operations

Churchill Downs Incorporated (“CDI” or “Company”) (NASDAQ: CHDN) will host a conference call regarding the status of Fair Ground Race Course and the Company’s Louisiana operations on Friday, Sept. 2, 2005, beginning at 10 a.m. EDT. Company management will also discuss ongoing efforts to locate and assist CDI’s Louisiana-based employees who have been displaced by Hurricane Katrina and the resulting devastation in the Greater New Orleans area.

Members of the media and other interested parties may access the conference call by dialing (800) 474-8920 and entering the pass code 6023849.

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.