Churchill Downs Incorporated Market Research Report

Company Overview

Name: Churchill Downs Incorporated (CDI)

Mission: Creating extraordinary entertainment experiences, primarily known for the Kentucky Derby.

Founded: The company traces its origins to an inaugural race meet in 1875 featuring the Kentucky Oaks and the Kentucky Derby.

Founders: No information is available.

Key People:

William C. Carstanjen, Chief Executive Officer

William E. Mudd, President and Chief Operating Officer

Marcia A. Dall, Executive Vice President and Chief Financial Officer

Maureen Adams, Executive Vice President of Gaming Operations

Bradley Blackwell, Executive Vice President and General Counsel

Headquarters: Louisville, Kentucky

Number of Employees: No information is available.

Revenue: No information is available.

Known For:

Hosting the Kentucky Derby, the longest continually-held annual sporting event in the United States.

Development of live and historical racing entertainment venues.

Operation of the TwinSpires online wagering business.

Management of regional casino gaming properties.

Products

Key Segments and Products

1. Live and Historical Racing

Venues:

Churchill Downs Racetrack: Home of the Kentucky Derby with live Thoroughbred racing during Spring, September, and Fall Meets.

Derby City Gaming & Hotel and Derby City Gaming Downtown in Louisville for HRM entertainment.

Oak Grove Racing, Gaming & Hotel for live harness racing and HRM.

Turfway Park Racing & Gaming for winter Thoroughbred racing and HRM.

Ellis Park Racing & Gaming for summer Thoroughbred racing and HRM.

Colonial Downs Racetrack in Virginia and seven Rosie’s Gaming Emporium HRM facilities.

2. TwinSpires

Online Wagering: Leading platform for horse race wagering.

3. Gaming

Regional casino gaming properties spanning across multiple states.

Note: Detailed product descriptions and key features for specific offerings are not available.

Recent Developments

New Initiatives and Developments

1. New Venue Plans

Owensboro Racing & Gaming: Set to open in early 2025 with 600 HRMs, a retail sportsbook, and simulcast wagering. This venue marks CDI’s seventh HRM entertainment venue in Kentucky.

Investment: Estimated at $100 million, expected to contribute $125 million annually to the regional economy.

2. Partnerships

NBC Sports Partnership Extended: Kentucky Derby to be showcased on NBC and Peacock through 2032, continuing a partnership initiated in 2001.

Community and Corporate Initiatives

Top Workplaces Award: CDI has been awarded 1st place in the Top Workplaces Award in the Large Organizations category.

Philanthropy: Recognized at the 2024 Louisville Business First Partners in Philanthropy Awards and supports over 751 community nonprofits annually.

Note: Some additional fields related to detailed financial information or employee numbers could not be provided due to lack of data.