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Churchill Downs Incorporated (Nasdaq: CHDN) announced the extension of its partnership with NBC Sports to present the Kentucky Derby on NBC and Peacock through 2032. This historic partnership began in 2001, making NBC the first media company to host the event for over three decades. The extension includes multiplatform rights to the Kentucky Derby, Kentucky Oaks, and Derby and Oaks Day programming.
Churchill Downs Incorporated (CHDN) announced the historic 150th running of the Kentucky Derby, setting new betting records on Derby Day and Derby Week. Mystik Dan won the race, thrilling nearly 157,000 fans. Wagering hit unprecedented heights, totaling $320.5 million on Derby Day and $446.6 million for the whole week. The Kentucky Derby continued its global appeal, attracting bets from Japan. CDI introduced new luxury seating areas, boosting the overall fan experience. The company anticipates record Adjusted EBITDA for the Derby Week.
Churchill Downs Incorporated announced a new Kentucky Oaks Day handle record as Thorpedo Anna won the 150th Longines Kentucky Oaks, with a total wagering record of $75.3 million. Despite a 3% decrease in wagering on the Kentucky Oaks race, the event was a success, celebrating deep-rooted traditions and raising money for women's health initiatives.
