The139th Running of the Longines Kentucky Oaks attracts record all-sources wagering

A historical 139th running of the $1 million Longines Kentucky Oaks (Grade I) at Churchill Downs Racetrack on Friday, May 3, concluded with record all-sources wagering on the Oaks race and the Oaks Day race card, record on-track wagering for the Oaks race, as well as the second-highest attendance record of 113,820 and a long-shot victory by Princess of Sylmar to win America’s premier race for 3-year-old fillies. The highest Kentucky Oaks attendance record of 116,046 was established in 2010.

Wagering from all-sources on the full 12-race Kentucky Oaks Day race card totaled a record $45.8 million, an increase of 14.7 percent from the 2012 total of $39.9 million.  Record all-sources wagering on the Kentucky Oaks race rose 21.4 percent to $14.4 million.  On-track wagering on the Oaks Day race card increased 4.7 percent to a near-record $12.2 million, just $34,000 short of the established record in 2007. Record on-track wagering on the Oaks race increased 19.2 percent to $3.1 million.

 TRACK PRESIDENT COMMENTARY

 “We had a beautiful spring day at Churchill Downs Racetrack for the 139th running of the Longines Kentucky Oaks. Since last year, we have made several improvements to the historic racetrack, which resulted in dramatic new experiences.  From the renovated paddock plaza, to the new paddock plaza balcony, to the additional seating at the first turn, to the luxurious Mansion, the Longines Kentucky Oaks was spectacular,” said Kevin Flanery, president of Churchill Downs Racetrack. “Our congratulations to the connections of our new Kentucky Oaks champion Princess of Sylmar and to all of the horse owners, trainers and jockeys who participated in today’s very competitive racing program.”

“The Kentucky Oaks racing program now routinely ranks among the top for total wagering and attendance for Thoroughbred racing in the United States each year. Fans here on the track and around the world showed their support for the quality racing product our horsemen and racing office assembled by wagering a record $45.8 million on the Kentucky Oaks race card. We now look forward to what we hope will be a memorable Kentucky Derby 139 tomorrow at Churchill Downs,” said Flanery.

CHARITABLE

The 2013 Longines Kentucky Oaks, viewed by a national television audience on the NBC Sports Network, continued a five-year fundraising partnership with Horses and Hope, a breast cancer outreach program in Kentucky’s horse industry championed by Kentucky First Lady Jane Beshear. 

Over the last five years, the Kentucky Oaks has raised nearly $600,000 for cancer-related charities. Churchill Downs will donate $1 from each Friday sale of the Oaks Lily, the official drink of the Kentucky Oaks, to Horses and Hope. 

The Kentucky Oaks Survivors Parade sponsored by Kroger showcased 139 cancer survivors and their co-survivors who marched along Churchill Downs’ main track forming a sea of pink before the Oaks fillies took to the course.

OAKS WINNER

Princess of Sylmar, owned and bred by Ed Stanco’s King of Prussia Stable closed from ninth in the field of 10 3-year-old fillies edge reigning 2-year-old filly champion Beholder by a half-length at odds of 38-1.  She was ridden by Mike Smith, who scored his first victory in the race, and trained by Todd Pletcher, who won the Kentucky Oaks for the third time and also saddled the race’s third and fourth place finishers, Unlimited Budget and Dreaming of Julia.  A daughter of Majestic Warrior bred in Pennsylvania, Princess of Sylmar returned $79.60 for a $2 win wager.

The winner covered 1 1/8 miles over a fast track 1:48.17 and won for the fifth time in seven career races.  The winner’s purse of $589,000 increased Princess of Sylmar’s career earnings to $827,220.

ABOUT HORSES AND HOPE

Horses and Hope is a breast cancer initiative of the Office of the First Lady and the Kentucky Cancer Program (KCP). The goal is to work with the state’s equine industry to identify new opportunities to provide breast cancer awareness, education, early detection through screening and treatment referral, as well as to raise funds to sustain programs into the future.

The project will initially focus on Kentucky’s four thoroughbred race tracks to provide education and outreach for race fans and track workers and will be expanded to include other Kentucky equestrian venues into the future.

ABOUT CHURCHILL DOWNS INCORPORATED

Churchill Downs Incorporated (CDI) (NASDAQ: CHDN), headquartered in Louisville, Ky., owns and operates the world-renowned Churchill Downs Racetrack, home of the Kentucky Derby and Kentucky Oaks, as well as racetrack and casino operations and a poker room in Miami Gardens, Fla.; racetrack, casino and video poker operations in New Orleans, La.; racetrack operations in Arlington Heights, Ill.; a casino resort in Greenville, Miss.; as well as a casino hotel in Vicksburg, Miss.; CDI also owns the country's premier online wagering company, TwinSpires.com; the totalisator company, United Tote; Luckity.com, offering fun games online for a chance to win cash prizes; Bluff Media, an Atlanta-based multimedia poker company; and a collection of racing-related telecommunications and data companies. In addition, CDI’s 50 percent owned joint venture, Miami Valley Gaming and Racing LLC, is currently constructing a video lottery terminal and harness racing facility in southwest Ohio. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Information set forth in this news release contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements are made pursuant to the Act.

The reader is cautioned that such forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include: the effect of global economic conditions, including any disruptions in the credit markets; a decrease in consumers’ discretionary income; the effect (including possible increases in the cost of doing business) resulting from future war and terrorist activities or political uncertainties; the impact of increasing insurance costs; the impact of interest rate fluctuations; the financial performance of our racing operations; the impact of gaming competition (including lotteries, online gaming and riverboat, cruise ship and land-based casinos) and other sports and entertainment options in the markets in which we operate; our ability to maintain racing and gaming licenses to conduct our businesses; the impact of live racing day competition with other Kentucky, Florida, Illinois and Louisiana racetracks within those respective markets; the impact of higher purses and other incentives in states that compete with our racetracks; costs associated with our efforts in support of alternative gaming initiatives; costs associated with customer relationship management initiatives; a substantial change in law or regulations affecting pari-mutuel and gaming activities; a substantial change in allocation of live racing days; changes in Kentucky, Florida, Illinois or Louisiana law or regulations that impact revenues or costs of racing operations in those states; the presence of wagering and gaming operations at other states’ racetracks and casinos near our operations; our continued ability to effectively compete for the country’s horses and trainers necessary to achieve full field horse races; our continued ability to grow our share of the interstate simulcast market and obtain the consents of horsemen’s groups to interstate simulcasting; our ability to enter into agreements with other industry constituents for the purchase and sale of racing content for wagering purposes; our ability to execute our acquisition strategy and to complete or successfully operate acquisitions and planned expansion projects including the effect of required payments in the event we are unable to complete acquisitions; our ability to successfully complete any divestiture transaction; market reaction to our expansion projects; the inability of our totalisator company, United Tote, to maintain its processes accurately or keep its technology current; our accountability for environmental contamination; the inability of our Online Business to prevent security breaches within its online technologies; the loss of key personnel; the impact of natural and other disasters on our operations and our ability to obtain insurance recoveries in respect of such losses (including losses related to business interruption); our ability to integrate any businesses we acquire into our existing operations, including our ability to maintain revenues at historic levels and achieve anticipated cost savings; the impact of wagering laws, including changes in laws or enforcement of those laws by regulatory agencies; the outcome of pending or threatened litigation; changes in our relationships with horsemen's groups and their memberships; our ability to reach agreement with horsemen's groups on future purse and other agreements (including, without limitation, agreements on sharing of revenues from gaming and advance deposit wagering); the effect of claims of third parties to intellectual property rights; and the volatility of our stock price.

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