Churchill Downs Inc

Churchill Downs Incorporated (CDI) creates entertainment experiences, originating over 150 years ago with the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has grown by acquiring, developing, and operating live and historical racing entertainment venues, expanding online wagering businesses, and acquiring, developing, and operating regional casino gaming properties. The company manages its business through three reportable segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. Other businesses and corporate operations are aggregated in "All Other." The Live and Historical Racing segment includes revenue and expenses from live and historical pari-mutuel racing at Churchill Downs Racetrack and historical racing properties in Kentucky, Virginia, and New Hampshire. These properties earn commissions primarily from pari-mutuel wagering on live and historical races, simulcast fees from other wagering sites, and fees from racing event-related services such as admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverage revenue. Churchill Downs Racetrack, located in Louisville, Kentucky, is a thoroughbred racing operation known for the Kentucky Derby. Thoroughbred racing has been conducted there since 1875. The Kentucky Derby is the longest continuously held annual sporting event in the U.S. and is the first race of the Triple Crown series for 3-year-old thoroughbreds.