Churchill Downs Incorporated CHDN

CHDN Company Overview

Churchill Downs Incorporated (CDI) is a U.S.-based gaming, entertainment, and racing company best known for owning and operating the Kentucky Derby and the historic Churchill Downs Racetrack in Louisville, Kentucky. The company operates across the horse racing, casino gaming, and online wagering industries, generating revenue primarily through gaming operations, pari-mutuel wagering, historical racing machine (HRM) venues, and hospitality-related activities. CDI serves a broad customer base that includes gaming patrons, horse racing enthusiasts, online sports and wagering customers, and hospitality guests across multiple U.S. jurisdictions.

The company traces its origins to the opening of Churchill Downs racetrack in 1875 and has evolved from a single racetrack operator into a diversified regional gaming and wagering enterprise. Over time, CDI expanded through acquisitions, development of regional casino properties, and growth in online wagering via TwinSpires. The company’s strategic advantages include ownership of one of the most recognized brands in American horse racing, a portfolio of gaming assets concentrated in regulated markets, and vertical integration across racing, gaming, and digital wagering operations.