Churchill Downs Incorporated (CDI) is a premier racing, gaming, and online entertainment company best known as the home of the Kentucky Derby, the longest continuously held annual sporting event in the United States. The company operates through three primary business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes the flagship Churchill Downs Racetrack in Louisville, Kentucky, as well as other pari-mutuel racing venues and historical racing machine (HRM) facilities across states like Kentucky, Virginia, and New Hampshire. The Gaming segment manages regional casino properties featuring slot machines, table games, and hotel amenities across multiple U.S. states. The TwinSpires segment operates a leading online wagering platform for horse racing, sports betting, and iGaming, alongside United Tote, which manufactures and operates pari-mutuel wagering systems. By strategically diversifying its operations beyond traditional horse racing, CDI has built a robust portfolio of brick-and-mortar casinos and digital betting platforms, leveraging its iconic brand to drive growth and maintain a strong competitive position in the U.S. gaming and entertainment industry.
