Churchill Downs Incorporated Announces New High-Tech, High-Paying Jobs in Kentucky; Continues to Drive Innovation in Horse Racing Industry

CHURCHILL DOWNS INC. ANNOUNCES NEW HIGH-TECH, HIGH-PAYING JOBS IN KENTUCKY; CONTINUES TO DRIVE INNOVATION IN HORSE RACING INDUSTRY

TwinSpires headquarters relocating to Louisville from Silicon Valley

LOUISVILLE, Ky. – Churchill Downs Incorporated (NASDAQ: CHDN) (“CDI”) announced today the transition and creation of more than 70 high-tech jobs in Kentucky, as it relocates the TwinSpires headquarters to Louisville from Mountain View, California. TwinSpires now employs more than 200 full time employees in the state.

TwinSpires (www.twinspires.com), a wholly owned division of CDI and the official mobile betting partner of Churchill Downs Race Track, the Kentucky Derby and Breeders Cup, is a leading platform for wagering on thoroughbred, harness and quarter horse races happening at venues in the Bluegrass State and around the world. In 2016, $1.1 billion in handle (or 10 percent of total wagering on U.S. races) was wagered through TwinSpires.

“Technology, specifically mobile, is the equine industry’s fastest growing sector, and Churchill Downs is proud to pioneer the innovation and growth that’s taking place,” CDI chief executive officer Bill Carstanjen said. “Relocating the TwinSpires business to Louisville would not be possible without the leadership of Gov. Bevin and the work he has done to make Kentucky more business-friendly.”

CDI is investing $2.2 million to build out the TwinSpires headquarters at its existing offices at 600 North Hurstbourne Parkway, totaling approximately 15,000 square feet in new office space.

“Today, we are proud to welcome TwinSpires and new, high-tech, high-paying jobs to Kentucky. Churchill Downs’ decision to bring a technology-focused headquarters to our state sends a strong signal to other businesses about the quality of our workforce and their potential for growth and success in Kentucky,” Gov. Bevin said. “Our administration has championed measures to make the Commonwealth a better place to live, work and do business, and we are already seeing the results of these efforts statewide. We are grateful to Churchill Downs for this significant investment in Kentucky.”

Carstanjen also noted Mayor Greg Fischer’s longtime focus on making Louisville a hub for technology and innovation: “Mayor Fischer has made Louisville more competitive for attracting new businesses, jobs and talent—all of which were critical factors when weighing the decision to relocate the TwinSpires headquarters.”

“The relocation of TwinSpires.com is confirmation that Louisville’s forward-thinking economy is driven by a skilled workforce that can support innovative global companies,” Mayor Greg Fischer said. “Louisville’s tech and innovation sector is seeing growth like never before, and we are committed to further establishing Louisville as an innovation hub for tech talent.”

 CDI plans to hire an additional 25 TwinSpires employees before the end of the year, with salaries ranging between $75,000 and $110,000.

###

About Churchill Downs

Churchill Downs Incorporated (NASDAQ: CHDN) (“CDI”), headquartered in Louisville, Ky., is an industry-leading racing, gaming and online entertainment company anchored by our iconic flagship event—The Kentucky Derby.  We are a leader in brick-and-mortar casino gaming with gaming positions in eight states, and we are the largest legal mobile betting platform for horseracing in the U.S., through our ownership of TwinSpires.com. We are also one of the world’s largest producers and distributors of mobile games through Big Fish Games, Inc. Additional information about CDI can be found online at www.churchilldownsincorporated.com.