NBC Sports’ Presentation of the Kentucky Derby Averages 16 Million Viewers

Led by Peacock, 2022 Kentucky Derby is Most Streamed “Run for the Roses” Ever; More than 36 Million Views of Race Replay on NBC Sports’ Social Media Platforms

STAMFORD, Conn. – May 10, 2022 – NBC Sports’ presentation of the 148th Kentucky Derby, a thriller won by 80-1 longshot Rich Strike, averaged a Total Audience Delivery (TAD) of 16.0 million viewers – marking the eighth consecutive year that the event topped the 15-million mark, excluding pandemic-impacted events.

Additional viewership highlights:

  • With 16.0 million viewers, the 2022 Kentucky Derby is the most watched "Run for the Roses" since 2019 and marks an 8% increase from last year's event (14.9 million on Sept. 5).
  • Viewership peaked at 19.0 million viewers from 7-7:15 p.m. ET on NBC, shortly after Rich Strike mounted his astounding closing charge to cross the finish line as the winner - marking the largest Kentucky Derby peak audience since 2017, ahead of the 18.5 million for the controversial 2019 disqualification of Maximum Security.
  • The TV-only average audience of 15.8 million viewers is NBC's most-watched program since Super Bowl Sunday.
  • Led by Peacock, which live streamed the Kentucky Derby for the first time, the event posted a record Average Minute Audience (AMA) of 247,300 viewers across NBCUniversal streaming platforms.
  • The overhead replay of the race with Larry Collmus' call has been viewed more than 36 million times across NBC Sports' flagship Facebook, Twitter, Instagram and TikTok handles and the NBC Sports YouTube channel - the most-viewed Kentucky Derby video ever on NBC Sports' social media platforms and six times the consumption of Justify's Triple Crown-winning run in the 2018 Belmont Stakes (six million views). In addition, the video is the most-viewed moment ever for NBC Sports' TikTok account (11.6 million views).
  • The NBC-TV household rating for the broadcast (6:31-7:21 p.m. ET) was 7.7/24.

Total Audience Delivery is based upon live-plus-same day figures from Nielsen and digital data from Adobe Analytics.

–NBC SPORTS–

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Rich Strike Wins the 148th Running of the Kentucky Derby Presented by Woodford Reserve at 80-1 Odds

Churchill Downs Incorporated announced today that an exuberant crowd of 147,294 Derby fans at Churchill Downs Racetrack witnessed the second-biggest long shot ever to win the Kentucky Derby as Rich Strike claimed an unexpected victory at the 148th running of the Kentucky Derby presented by Woodford Reserve at 80-1 odds.

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Rich Strike Wins the 148th Running of the Kentucky Derby Presented by Woodford Reserve at 80-1 Odds

LOUISVILLE, KY., (May 7, 2022) Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today that an exuberant crowd of 147,294 Derby fans at Churchill Downs Racetrack (“Churchill Downs”) witnessed the second-biggest long shot ever to win the Kentucky Derby as Rich Strike claimed an unexpected victory at the 148th running of the Kentucky Derby presented by Woodford Reserve at 80-1 odds. CDI also announced that wagering from all-sources was the highest all-time on the Kentucky Derby race, the Kentucky Derby Day program and Kentucky Derby Week races.

Wagering from all-sources on the Kentucky Derby Day program totaled $273.8 million, a 17% increase over 2021 and up 9% from the previous record in 2019 of $250.9 million. Wagering from all-sources on the Kentucky Derby race totaled $179.0 million, up 15% over 2021 and up 8% from the previous record of $166.5 million set in 2019. This year’s wagering record includes $8.3 million of handle wagered in Japan.

Rich Strike, owned by Richard Dawson’s RED TR-Racing and bred in Kentucky by Calumet Farm rallied to win by 3/4 of a length. Trained by Eric Reed and ridden by Sonny Leon, Rich Strike covered the mile and a quarter in 2:02.61 over a fast track and produced an upset second only to Donerail’s triumph at 91-1 in 1913.

BUSINESS COMMENTARY

“We are deeply grateful to all of the fans of the Kentucky Derby around the world who once again made this an amazing and memorable experience,” said Bill Carstanjen, CEO of CDI. “We expect the Kentucky Derby Week Adjusted EBITDA to reflect another record with $7 to $9 million of growth over the prior record in 2019.”

TWINSPIRES

TwinSpires, the official betting partner of the Kentucky Derby, handled $67.4 million in wagering on Churchill Downs races for the Kentucky Derby Day program, an increase of 8% over the previous record in 2021. TwinSpires’ handle on the Kentucky Derby race was $44 million, up 8% over last year’s record.

DERBY WEEK

All-sources handle for Derby Week rose to a new record of $391.8 million, up 25% from 2021 and up 14% from the previous record of $343.0 million set in 2019.

Use of Non-GAAP Measures

In addition to the results provided in accordance with GAAP, the Company also uses non-GAAP measures, including adjusted net income, adjusted diluted EPS, EBITDA (earnings before interest, taxes, depreciation and amortization) and Adjusted EBITDA.

The Company uses non-GAAP measures as a key performance measure of the results of operations for purposes of evaluating performance internally. These measures facilitate comparison of operating performance between periods and help investors to better understand the operating results of the Company by excluding certain items that may not be indicative of the Company's core business or operating results. The Company believes the use of these measures enables management and investors to evaluate and compare, from period to period, the Company’s operating performance in a meaningful and consistent manner. The non-GAAP measures are a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP, and should not be considered as an alternative to, or more meaningful than, net income or diluted EPS (as determined in accordance with GAAP) as a measure of our operating results.

We use Adjusted EBITDA to evaluate segment performance, develop strategy and allocate resources. We utilize the Adjusted EBITDA metric to provide a more accurate measure of our core operating results and enable management and investors to evaluate and compare from period to period our operating performance in a meaningful and consistent manner. Adjusted EBITDA should not be considered as an alternative to operating income as an indicator of performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure provided in accordance with GAAP. Our calculation of Adjusted EBITDA may be different from the calculation used by other companies and, therefore, comparability may be limited.

Adjusted net income and adjusted diluted EPS exclude discontinued operations net income or loss; net income or loss attributable to noncontrolling interest; changes in fair value for interest rate swaps related to Rivers Des Plaines; Rivers Des Plaines' legal reserves and transaction costs; transaction expense, which includes acquisition and disposition related charges, as well as legal, accounting, and other deal-related expense; pre-opening expense; and certain other gains, charges, recoveries, and expenses.

Adjusted EBITDA includes the Company's portion of EBITDA from our equity investments.

Adjusted EBITDA excludes:

  • Transaction expense, net which includes:
  • Acquisition, disposition, and land sale related charges;
  • Direct online Sports and Casino business exit costs; and
  • Other transaction expense, including legal, accounting, and other deal-related expense;
  • Stock-based compensation expense;
  • Rivers Des Plaines' impact on our investments in unconsolidated affiliates from:
  • The impact of changes in fair value of interest rate swaps; and
  • Legal reserves and transaction costs;
  • Asset impairments;
  • Legal reserves;
  • Pre-opening expense; and
  • Other charges, recoveries and expenses.

As of December 31, 2021, Arlington ceased racing and simulcast operations given the pending sale of the property to the Chicago Bears. Arlington's operating loss in the current year quarter was treated as an adjustment to EBITDA and is included in other Other expenses, net in the Reconciliation of Comprehensive Income to Adjusted EBITDA.

For segment reporting, Adjusted EBITDA includes intercompany revenue and expense totals that are eliminated in the consolidated statements of comprehensive income. Refer to the Reconciliation of Comprehensive Income to Adjusted EBITDA included herewith for additional information.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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148th Longines Kentucky Oaks Sets Record Handle as Secret Oath Claims the Lilies

Churchill Downs Incorporated announced today a new handle record for the Longines Kentucky Oaks (Grade 1) at Churchill Downs Racetrack as Secret Oath captured the Lilies in the 148th running of America’s premier race for 3-year old fillies in a field of 14 under cloudy skies and good track conditions.

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148th Longines Kentucky Oaks Sets Record Handle as Secret Oath Claims the Lilies

LOUISVILLE, KY., (May 6, 2022) Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today a new handle record for the Longines Kentucky Oaks (Grade 1) at Churchill Downs Racetrack (“Churchill Downs”) as Secret Oath captured the Lilies in the 148th running of America’s premier race for 3-year old fillies in a field of 14 under cloudy skies and good track conditions. Despite a threat of widespread scattered thunderstorms, 100,188 spectators gathered under the historic Twin Spires to watch Hall of Fame trainer D. Wayne Lukas win his 5th Kentucky Oaks.

Wagering from all-sources on the full Kentucky Oaks day race card totaled $74.6 million, up 37% compared to 2021 and up 24% compared to the previous record in 2019. All-sources wagering on the Kentucky Oaks race was $24.3 million up 40% compared to 2021 and up 25% from the previous record in 2019.

Secret Oath, owned and bred by Briland Farm and trained by Lukas, rallied wide around the final turn, storming home to win the Longines Kentucky Oaks by 2 lengths at odds of 4-1 and with a final time of 1.49.44. This win marks the first for jockey Luis Saez. Secret Oath is a daughter of Arrogate out of Absinthe Minded and now has lifetime earnings of $1.4 million.

“Today we celebrate Secret Oath and her connections,” said Churchill Downs President Mike Anderson. “The 148th Kentucky Oaks will be remembered as a triumphant return to a full-capacity crowd. We thank the fans, sponsors, horsemen, horseplayers and all participants who contributed to today’s record-breaking success.”

CDI continued the tradition of using Kentucky Oaks as a platform to raise money for women’s health initiatives, and welcomed breast and ovarian cancer survivors who had waited to walk in the Survivors Parade presented by Kroger. The 148 survivors were joined by charitable partners and volunteers from Norton Healthcare and Kentucky Cancer Program’s Horses and Hope, to take an in-person walk on Churchill Down’s newly-installed Turf Course.

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New Kentucky Derby Partnerships Let Fans Celebrate in Style

Churchill Downs Welcomes New Sponsors, Licensees for the 148th Run for the Roses

LOUISVILLE, Ky. (Wednesday, April 27, 2022) – Churchill Downs Racetrack today welcomes an exciting lineup of new sponsors and licensees to the 148th Kentucky Derby, taking place on Saturday, May 7, including BMW of North America, Monogram, FTD, Red Bull and AIR.

Outside of being The Most Exciting Two Minutes in Sports®, the Kentucky Derby presented by Woodford Reserve presents endless opportunities for brands to engage with fans, whether attending the race or celebrating from home. Bringing together world-class hospitality, high-end fashion and gourmet food, the Kentucky Derby seeks luxury and lifestyle partners to elevate the party experience and highlight Derby traditions in new ways.

“We’re very excited to welcome these lifestyle brands to the greatest race on earth,” said Casey Ramage, Churchill Downs Racetrack’s Vice President of Marketing and Partnerships. “From a first look at BMW’s all-new electric vehicle to unique, Derby-inspired clothing and accessories, our new sponsors and licensees will help bring to life the luxury and excitement of the Kentucky Derby for fans across the globe.”

The 2022 new Kentucky Derby sponsors and activations include:

  • BMW of North America, the first-ever luxury auto partner of the Kentucky Derby and Churchill Downs, will showcase the all-new BMW 7 Series at the racetrack throughout Derby weekend, including the first-ever, fully electric BMW i7. To honor “The Run for the Roses,” BMW also will activate with a live flower wall spotlighting more than 7,000 roses and lilies.
  • Woodford Reserve, the presenting sponsor of the 148th Kentucky Derby, is expanding its on-site partnership to include the Homestretch Club, which will feature the “Woodford Reserve Bar,” the longest bar in the Commonwealth of Kentucky at 95 feet in length, for fans to come together and toast to race day.
  • FTD, an industry leader in online flower delivery, will join as the first floral partner, providing red rose-inspired floral arrangements in select premium spaces throughout the racetrack, as well as a floral photography experience for social sharing moments.
  • Premium-grade appliance brand Monogram will provide a luxury kitchen experience with global icon, Chef Marcus Samuelsson, who will create his own flavorful Derby bite – bourbon-glazed chicken with peanut succotash on a savory pancake. The dish will be highlighted live by NBC on Derby Day.
  • Red Bull will bring the energy to the Infield with its DJ Booth, entertaining fans throughout the day with the ultimate party experience.
  • AIR, creators of personal eVTOL aircraft, will be hosting their AIR ONE kickoff event inside the exclusive Green Room for celebrities and VIPs on Kentucky Derby and Oaks Days.

In addition, new licensees this year bring a fresh take to Derby clothing and accessories, celebrating the tradition of the iconic race, while infusing modern, innovative design:

  • London-born handbag brand Radley London has designed a stylish collection of bags and wristlets.
  • Black-owned brand Homme+Femme elevates the rich and historic traditions of the Kentucky Derby through the unique, modern lens of streetwear fashion.
  • HOMAGE turns back the clock with six vintage-inspired Churchill Downs t-shirt designs.
  • Tiny Turnip offers Derby-inspired Mommy and Me designs, including t-shirts and onesies.

Official sponsors of the 148th Kentucky Derby also include Ford, Longines, Jackson Family Wines, White Claw and vineyard vines.

Official Kentucky Derby merchandise and accessories are available online at www.KentuckyDerbyStore.com.

About Kentucky Derby

The $3 million Kentucky Derby takes place on the first Saturday in May at historic Churchill Downs in Louisville, Kentucky. Inaugurated in 1875, the legendary 1 ¼-mile race for 3-year-olds is the oldest continuously held major sporting event in the United States and the first leg of horse racing's Triple Crown series. Known as "The Run for the Roses," "The Most Exciting Two Minutes in Sports" and "America's Race," the Kentucky Derby is the most attended horse race in the nation.

ABOUT CHURCHILL DOWNS RACETRACK

Churchill Downs Racetrack (“CDRT”), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

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Williams Sonoma Partners with the Kentucky Derby® to Inspire At-Home Race Day Celebrations

Experience Kentucky Derby Day with Limited Edition Capsule Collection, At-Home Recipes from Chef Kelsey Barnard Clark, Virtual Cooking Event, and More

 LOUISVILLE, Ky. (Wednesday, April 6, 2022) – The historic Churchill Downs Racetrack and Woodford Reserve® announced today a partnership with specialty kitchen and home furnishings retailer, Williams Sonoma, to deliver inspiration and curated products designed to help customers and Kentucky Derby fans create the ultimate ‘Kentucky Derby At-Home’ celebration. As the first-ever preferred culinary and entertaining partner of the Kentucky Derby, Williams Sonoma is bringing unique recipes, cocktail mixes, festive accessories, and engaging in-person and virtual experiences to inspire customers and Kentucky Derby fans to transform their homes into a day at the races.

The partnership kicks off with a curated line of Williams Sonoma merchandise and an exclusive co-branded line of Williams Sonoma and Woodford Reserve® cocktail mixes along with recipes and entertaining tips designed to inspire at-home celebrations of the 148th Kentucky Derby presented by Woodford Reserve that will take place on Saturday, May 7. Together, Churchill Downs, Woodford Reserve® and Williams Sonoma are bringing to life the authentic charm of the Derby with elegant serving pieces, bar accessories and signature Derby-style cocktail mixes designed to elevate at-home celebrations and viewing parties.

A Triple Crown-Worthy Menu

To inspire foodies across the country, Williams Sonoma is delivering an authentic, flavorful ‘Kentucky Derby At-Home’ menu, crafted by brand ambassador and celebrity chef, Kelsey Barnard Clark. Featuring easy-to-make recipes paired with wine selections from Jackson Family Wines, the menu pays homage to the culinary traditions of the Kentucky Derby. From Okra Hot Fries to Smoked Wings with BBQ Sauce and decadent Pecan Pie, these bite-size selections will make it easier than ever to travel by tastebud to the racetrack. Culinary connoisseurs can also serve up classic cocktails, like the iconic Mint Julep, thanks to Woodford Reserve and Williams Sonoma’s selection of co-branded cocktail mixes.

Entertaining with Kelsey Barnard Clark

To further bring a taste of the Kentucky Derby into homes, Williams Sonoma has teamed up with Chef Kelsey Barnard Clark to host two Derby-themed events – one in-store at the Williams Sonoma Columbus Circle store and one online so fans nationwide can tune in and participate.

In addition to cooking alongside celebrity chef and author of Southern Grit, Kelsey Barnard Clark, attendees will also learn tips and tricks for hosting the ultimate Kentucky Derby day celebration.

The in-store event will take place on April 14 at 6 p.m. ET at the Williams Sonoma Columbus Circle store in New York. Tickets can be purchased online at https://southerngritnycevent.squadup.com.

The virtual Kentucky Derby Cooking Event with Kelsey Barnard Clark, will take place live on April 19 at 5 p.m. PT / 7 p.m. CT / 8 p.m. ET. Tickets can be purchased online at https://southerngritvirtualevent.squadup.com.

Tickets for both events are available for $15, with all proceeds benefiting No Kid Hungry, a national campaign to end childhood hunger in America. Customers can also purchase a copy of Kelsey’s new book, Southern Grit, online at www.williams-sonoma.com/southerngrit.

Run for the Roses™ in 2023

As the final component of the partnership, Williams Sonoma is announcing a nationwide sweepstakes to send a lucky winner on a trip for two to the 149th Kentucky Derby in 2023. Starting today, Kentucky Derby fans can enter for a chance to win this bucket-list weekend getaway, complete with airfare, hotel accommodations and two tickets to the Kentucky Derby, as well as a private, VIP experience at Woodford Reserve Distillery. Official rules and details are available at www.williams-sonoma.com/kentuckyderbytrip.

“At Churchill Downs, we’re passionate about finding new ways to bring the Kentucky Derby experience to fans across the country,” said Casey C. Ramage, vice president of marketing and partnerships at Churchill Downs Racetrack. “We’re thrilled to partner with Williams Sonoma to help us in this mission of extending the Kentucky Derby tradition beyond our racetrack gates.”

For more information about the collaboration, including the at-home recipes and the registration link for the virtual cooking classes, please visit: www.williams-sonoma.com/kentuckyderby.

 For more ‘Kentucky Derby At-Home’ inspiration, visit www.kentuckyderbyathome.com.

The Williams Sonoma Kentucky Derby At-Home Menu

Crafted by Kelsey Barnard Clark

Twinkle Light Succotash

Wine pairing: Kendall-Jackson Grand Reserve Chardonnay, Santa Barbara County

Okra Hot Fries

Wine pairing: La Crema Sauvignon Blanc, Sonoma County

Green Eggs and Ham Deviled Egg

Wine pairing: La Crema Chardonnay, Monterey

 Supper Club Smoked Wings with White BBQ Sauce

Wine pairing: Kendall-Jackson Vintner’s Reserve Chardonnay, California

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Wine pairing: La Crema, Pinot Noir, Monterey

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Wine pairing: Kendall-Jackson Vintner’s Reserve Pinot Noir

Press Contacts

Michelle Walkup
Product Development & Advertising Director
Churchill Downs Racetrack
(502) 636-4452 (office)
(502) 510-0246 (mobile)
[email protected]

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 Sonoma County, Ca. (Monday, March 21, 2022) – Kendall-Jackson, producer of America's favorite Chardonnay, today announced the release of two co-branded, limited-edition wines to honor a partnership in which Kendall-Jackson is the Preferred Wine of the Kentucky Derby. Blending the Jackson family's legacy for award-winning winemaking and Thoroughbred horse racing, the commemorative Chardonnay and Cabernet Sauvignon are the first of several releases planned to launch annually, leading up to the 150th running of the Kentucky Derby in 2024.

"Our family's legacy in winemaking runs deep, and while many wine enthusiasts across the nation recognize Kendall-Jackson as the makers of America's favorite Chardonnay, our family's endeavors in the horse racing world are lesser known," said Barbara Banke, Chairman & Proprietor, Jackson Family Wines. "Jess' [Jackson] passion for horse racing was ignited as a young boy when he watched Seabiscuit win the 1938 Bay Meadows Handicap from atop his uncle's shoulders. Many years later, our success in the wine business afforded us the opportunity to indulge in his passion, which is now mine, for Thoroughbred racing."

The Jackson family opened Stonestreet Farm, a Thoroughbred horse breeding and training operation, in 2005 on premium farmland in the famous Bluegrass region of Lexington, Ky. Since then, Stonestreet has become the leading North American commercial Thoroughbred breeder of yearlings 10 times. This year's limited-edition Kentucky Derby x Kendall-Jackson wines will prominently feature the Kentucky Derby icon along with an artist's rendering of Stonestreet's homebred champion Good Magic, who ran in the 2018 Kentucky Derby and finished second behind Justify, who went on to win the Triple Crown.

"It feels like a natural connection to bring our two great passions together on the global stage at the Kentucky Derby. Although Good Magic is now retired, we wanted to highlight his remarkable accomplishments," Banke said.

Available for purchase online and in select retailers nationwide, the commemorative Chardonnay and Cabernet Sauvignon wines highlight the best of California's coastal winegrowing regions.

Kentucky Derby x Kendall-Jackson 2020 Mendocino County Chardonnay: The 2020 Mendocino County Chardonnay ($17 SRP) is beautifully balanced with notes of warm vanilla and aromas of bright tropical fruit and citrus. Made with grapes sourced from multiple appellations within Mendocino County, the wine represents the complexity of the coastal growing region and is sur lie aged with monthly stirring to embody Kendall-Jackson's signature velvety texture and signature flavor.

Kentucky Derby x Kendall-Jackson 2019 Napa Valley Cabernet Sauvignon: The 2019 Napa Valley Cabernet Sauvignon ($28 SRP) boasts enticing aromas of ripe blackberry, black cherry, cocoa and cassis. Round, rich, seamless tannins provide a robust backbone and supple mid-palate, while notes of cedar, vanilla, toast and a hint of mocha linger on the finish. The Cabernet Sauvignon lots were blended with Merlot to ensure a soft, round palate and Cabernet Franc for an enhanced mouthfeel.

Kendall-Jackson wines will be poured at all Churchill Downs Racetrack events and highlighted in a variety of events as one of the Preferred Wines of the Kentucky Derby through the 150th Run for the Roses in 2024. Each year, consumers can expect to see new commemorative bottles as part of this multi-year partnership with Kentucky Derby.

In addition to this year's special release wines, Kendall-Jackson Wine Estate & Gardens in Sonoma County will host a Kentucky Derby watch party on Saturday, May 7, the official West Coast Kentucky Derby celebration. The event will showcase everything to love about the Derby, including fashion contests, an on-site milliner, and Derby-inspired Southern cuisine paired with award-winning Kendall-Jackson wines. Tickets to the watch party can be purchased at www.kj.com/events/kentucky-derby-party.

For more information and to purchase the commemorative wines, please visit www.kj.com. Downloadable bottle images here (photo credit: Kendall-Jackson).

About Kentucky Derby

The $3 million Kentucky Derby takes place on the first Saturday in May at historic Churchill Downs in Louisville, Kentucky. Inaugurated in 1875, the legendary 1 ¼-mile race for 3-year-olds is the oldest continuously held major sporting event in the United States and the first leg of horse racing's Triple Crown series. Known as "The Run for the Roses," "The Most Exciting Two Minutes in Sports" and "America's Race," the Kentucky Derby is the most attended horse race in the nation.

About Kendall-Jackson

Kendall-Jackson is one of America's most beloved family-owned and operated wineries. The winery's flagship wine, the Vintner's Reserve Chardonnay, has been America's favorite Chardonnay since 1992. Founded by entrepreneur and visionary Jess Jackson in 1982, and now led by his wife Barbara Banke and the Jackson family, Kendall-Jackson is based in Sonoma County and offers a range of acclaimed wines grown on the family's estate vineyards along the coastal ridges of California. Kendall-Jackson is the benchmark for sustainable wine endeavors, setting the precedent for advancement in solar, water, and vineyard practices. Wine Enthusiast Magazine recently named Kendall-Jackson the 2017 American Winery of the Year, one of the wine industry's most distinguished accolades. Recognized as a leader in the industry for more than three decades, Kendall-Jackson has built a reputation centered around consistent, high-quality wines that are available nationwide in national grocery stores, boutique wine retailers, and restaurants. Learn more online at www.kj.com, and follow Kendall-Jackson on FacebookTwitter, or Instagram

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).

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, among others, that may materially affect actual results or outcomes include the following: the receipt of regulatory approvals on terms desired or anticipated, unanticipated difficulties or expenditures relating to the proposed transaction, including, without limitation, difficulties that result in the failure to realize expected synergies, efficiencies and cost savings from the proposed transaction within the expected time period (if at all), our ability to obtain financing on the anticipated terms and schedule, disruptions of our or P2E’s current plans, operations and relationships with customers and suppliers caused by the announcement and pendency of the proposed transaction, our and P2E’s ability to consummate a sale-leaseback transaction with respect to the Hard Rock Sioux City on terms desired or anticipated; the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and HRM manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; difficulty in integrating recent or future acquisitions into our operations; inability to identify and / or complete acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs’ Statement in Response to KHRC Stewards Ruling on Kentucky Derby 147

Today Churchill Downs recognizes Mandaloun as the winner of the 147th running of the Kentucky Derby and extends our congratulations to owner/breeder Juddmonte, trainer Brad Cox and jockey Florent Geroux.

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Thurby to Feature Infield Music Performance by Nathaniel Rateliff & The Night Sweats

Churchill Downs announced today a new Derby Week attraction that will open infield General Admission access for Thurby and feature a music performance by Nathaniel Rateliff & The Night Sweats.

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Casey C. Ramage Named Vice President of Marketing and Partnerships for Churchill Downs Racetrack and the Kentucky Derby

Churchill Downs announced today that Casey C. Ramage has been named Vice President of Marketing and Partnerships for the famous racetrack.

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Thurby to Feature Infield Music Performance by Nathaniel Rateliff & The Night Sweats

Churchill Downs Opens Thurby Infield General Admission for First Time

 LOUISVILLE, Ky. (Monday, March 7, 2022) – Churchill Downs announced today a new Derby Week attraction that will open infield General Admission access for Thurby and feature a music performance by Nathaniel Rateliff & The Night Sweats. Thurby presented by Old Forester is a celebration of music and Kentucky bourbon and has become one of the most exciting ways to experience live racing during Derby Week at Churchill Downs.

Nathaniel Rateliff & The Night Sweats are one of the most recognizable new forces in contemporary rock ‘n’ roll whose mix of soul and rock quickly cemented them as a rare generational band who balanced ecstatic live shows and engrossing and rich records. The octet’s third album, The Future, is an instant classic of 11 songs that builds upon their original sound and recognizable zeal to present new and compelling depth and introspection.

“We couldn’t be more excited to expand our Derby Week entertainment with this infield music experience on Thurby,” said Mike Anderson, President of Churchill Downs Racetrack. “As a day that has come to be celebrated as Kentucky’s Day, we’re confident this event will capture the interest of multiple generations and provide another way to make memories with friends and family leading up to the Kentucky Derby. Nathaniel Rateliff & The Night Sweats bring the ideal energy to kick off this new tradition with a sound that captures the spirit of Thurby.”

Gates open for Thurby presented by Old Forester on Thursday, May 5 at 11 a.m. (all times Eastern) with the first race scheduled for 12:45 p.m. General Admission tickets start at $29 and can be purchased at kentuckyderby.com/visit/derby-week/thurby. All ticket levels for Thurby will have access to the infield music experience. Nathaniel Rateliff & The Night Sweats will take the stage in the afternoon and entertain infield guests between races.

About Churchill Downs Racetrack

Churchill Downs Racetrack ("CDRT"), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).

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, among others, that may materially affect actual results or outcomes include the following: the receipt of regulatory approvals on terms desired or anticipated, unanticipated difficulties or expenditures relating to the proposed transaction, including, without limitation, difficulties that result in the failure to realize expected synergies, efficiencies and cost savings from the proposed transaction within the expected time period (if at all), our ability to obtain financing on the anticipated terms and schedule, disruptions of our or P2E’s current plans, operations and relationships with customers and suppliers caused by the announcement and pendency of the proposed transaction, our and P2E’s ability to consummate a sale-leaseback transaction with respect to the Hard Rock Sioux City on terms desired or anticipated; the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and HRM manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; difficulty in integrating recent or future acquisitions into our operations; inability to identify and / or complete acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs’ Statement in Response to KHRC Stewards Ruling on Kentucky Derby 147

Today Churchill Downs recognizes Mandaloun as the winner of the 147th running of the Kentucky Derby and extends our congratulations to owner/breeder Juddmonte, trainer Brad Cox and jockey Florent Geroux.

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Churchill Downs Supports Tornado Relief Efforts with $50,000 Donation from Kentucky and Ohio Properties

Churchill Downs Incorporated joined community partner Kroger, ESPN 680 Louisville and Louisville, Kentucky-based Phocus to support vital relief and recovery efforts following devastating tornados in Kentucky.

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Churchill Downs announced today that Casey C. Ramage has been named Vice President of Marketing and Partnerships for the famous racetrack.

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Churchill Downs’ Statement in Response to KHRC Stewards Ruling on Kentucky Derby 147

LOUISVILLE, KY., (February 21, 2022) Today Churchill Downs recognizes Mandaloun as the winner of the 147th running of the Kentucky Derby and extends our congratulations to owner/breeder Juddmonte, trainer Brad Cox and jockey Florent Geroux. Winning the Kentucky Derby is one of the most exciting achievements in sports and we look forward to celebrating Mandaloun on a future date in a way that is fitting of this rare distinction.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have nine retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in nine states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about Churchill Downs Incorporated can be found online at www.churchilldownsincorporated.com.

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).

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, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic, including the emergence of variant strains, and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and HRM manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; difficulty in integrating recent or future acquisitions into our operations; inability to identify and / or complete acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Tonya Abeln
Vice President, Corporate Communications

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Terre Haute Casino
Churchill Downs Incorporated Proposes New Site for Queen of Terre Haute Casino Resort

Churchill Downs Incorporated announced today that the Company has filed an application with the Vigo County Area Planning Department to rezone approximately 49 acres located on East Margaret Drive just west of State Road 46.

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TwinSpires Launches Sports Betting at Ocean Downs Casino in Maryland

TwinSpires, the industry-leading online wagering platform for horse racing, has partnered with Ocean Downs Casino in Berlin, Maryland to launch a retail sportsbook today.

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Churchill Downs Supports Tornado Relief Efforts with $50,000 Donation from Kentucky and Ohio Properties

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Churchill Downs’ Statement in Response to Medina Spirit’s Post-Race Test Result Allegations

LOUISVILLE, KY. (May 9, 2021) It is our understanding that Kentucky Derby winner Medina Spirit’s post-race blood sample indicated a violation of the Commonwealth of Kentucky’s equine medication protocols. The connections of Medina Spirit have the right to request a test of a split sample and we understand they intend to do so. To be clear, if the findings are upheld, Medina Spirit’s results in the Kentucky Derby will be invalidated and Mandaloun will be declared the winner.

Failure to comply with the rules and medication protocols jeopardizes the safety of the horses and jockeys, the integrity of our sport and the reputation of the Kentucky Derby and all who participate. Churchill Downs will not tolerate it. Given the seriousness of the alleged offense, Churchill Downs will immediately suspend Bob Baffert, the trainer of Medina Spirit, from entering any horses at Churchill Downs Racetrack. We will await the conclusion of the Kentucky Horse Racing Commissions’ investigation before taking further steps.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

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, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

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Churchill Downs Incorporated Launches TwinSpires Sports Mobile App in Tennessee

Churchill Downs Incorporated announced today the launch of its TwinSpires Sports mobile app and desktop product in Tennessee. In addition to horse racing wagering, the TwinSpires brand will now offer Tennessee players a platform to bet on professional sports including NBA, NFL, MLB, NHL and PGA, as well as collegiate sports and events from around the world.

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Medina Spirit Claims the Garland of Roses in the 147th Kentucky Derby Presented by Woodford Reserve

LOUISVILLE, KY., (May 1, 2020) Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Medina Spirit claimed the Garland of Roses in the 147th running of the $3 million Kentucky Derby presented by Woodford Reserve. The Company reported that 51,838 fans reveled under cloudless skies to watch as the “Most Exciting Two Minutes in Sports” triumphantly returned to the first Saturday in May at Churchill Downs Racetrack (“Churchill Downs”).

Wagering from all-sources on the Kentucky Derby Day program totaled $233.0 million up 85% compared to the 2020 Kentucky Derby Day program. All-sources wagering on the Kentucky Derby race was $155.4 million up 96% from last year’s Derby race.

All-sources handle for Opening Night, Saturday, April 24, through Derby Day, Saturday, May 1, was recorded at $314.6 million, up 79% from last year.

TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S., and the official wagering partner of the Kentucky Derby, recorded preliminary record handle of $62.7 million on Churchill Downs races for the Kentucky Derby Day program, an increase of 66% over the prior year. TwinSpires recorded preliminary record handle on the Kentucky Derby race alone of $40.8 million, up 75% over 2020.

Medina Spirit, owned by Zedan Racing Stables, and bred in Florida by Gail Rice led from the start, held off a spirited rally from Mandaloun and prevailed in a thrilling finish by a 1/2 length. Trainer Bob Baffert secured his 7th Kentucky Derby win eclipsing the record previously shared with Ben Jones. Jockey John Velazquez recorded his 4th Kentucky Derby victory and capped a successful weekend by winning both the Kentucky Oaks and the Kentucky Derby.

Today it was incredibly gratifying to welcome our fans back to Churchill Downs for the 147th running of the Kentucky Derby,” said Bill Carstanjen, CEO of CDI. “We will continue to invest in this iconic event as we create unique and once-in-a-lifetime experiences in the coming years for our guests.”

Churchill Downs introduced two new charity efforts this year. A naturalization ceremony was hosted in the Winner’s Circle of Churchill Downs as U.S. District Judge for the Western District of Kentucky Benjamin Beaton administered the Oath of Allegiance to five new citizens representing five different countries on the day of America’s Greatest Race. CDI hosted nearly 300 representatives from Kentucky’s Foster Care sector as guests in the first-ever Kentucky Derby Foster Family Initiative partnership with Jim “Mattress Mack” and in cooperation with Louisville nonprofits Maryhurst and Boys & Girls Haven.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

About Churchill Downs Racetrack

Churchill Downs Racetrack (“CDRT”), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in the Spring, September, and the Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area, and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round simulcast wagering facility. www.ChurchillDowns.com.

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions). 

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, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.

 

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Press Contacts

Nick Zangari
Vice President, Treasury, Investor Relations & Risk Management

Tonya Abeln
Vice President, Corporate Communications

You may also be interested in:

Churchill Downs Incorporated Launches TwinSpires Sports Mobile App in Tennessee

Churchill Downs Incorporated announced today the launch of its TwinSpires Sports mobile app and desktop product in Tennessee. In addition to horse racing wagering, the TwinSpires brand will now offer Tennessee players a platform to bet on professional sports including NBA, NFL, MLB, NHL and PGA, as well as collegiate sports and events from around the world.

Read More
Churchill Downs Incorporated Announces Kentucky Derby Partnership with Kendall-Jackson and La Crema

Churchill Downs Incorporated announced today a four-year partnership that names Kendall-Jackson and La Crema the Preferred Wines of the Kentucky Derby from 2021 through 2024.

Read More
Derby City Gaming Celebrates Two Years of Sandefur Dining Room Partnership

Churchill Downs Incorporated property Derby City Gaming is proud to be celebrating two years of service to The Sandefur Dining Room and $75,000 in financial support.

Read More