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Churchill Downs Incorporated operates a racing, online wagering, and regional gaming business built around Churchill Downs Racetrack and the Kentucky Derby. Company updates cover Kentucky Derby Week, the Kentucky Oaks, seasonal race meets, TwinSpires wagering activity, and the operation and expansion of live and historical racing entertainment venues.
Recurring CHDN news also includes regional casino gaming properties, historical racing machine venues such as Marshall Yards, quarterly operating results, dividends, share repurchases, leverage, and regulatory or legal matters affecting pari-mutuel racing and racing-industry fees.
Churchill Downs (Nasdaq: CHDN) reported that the State of Maryland notified the company of its intention to exercise statutory rights to acquire the Preakness Stakes and Black-Eyed Susan Stakes IP from 1/ST Maryland LLC.
Maryland plans to match CDI’s previously announced $85 million purchase price. CDI’s CEO said the company will work with state leaders on Pimlico and Preakness redevelopment.
Churchill Downs (CHDN) will release its second quarter 2026 financial results after the market closes on Wednesday, July 29, 2026. The company will host a related conference call on Thursday, July 30, 2026 at 9 a.m. ET, available via webcast and teleconference registration.
Churchill Downs Incorporated (Nasdaq: CHDN) announced that Always A Runner won the 152nd Longines Kentucky Oaks on May 1, 2026, covering 1-1/8 mile in 1:48.82 and earning a 1-1/4 length victory at 5-1 odds.
Event highlights: primetime NBC/Peacock broadcast debut, attendance over 103,000, all-sources wagering record of $89 million (up 18%), Kentucky Oaks race handle > $29 million (up 29%), and TwinSpires record of $24 million (up 24%). The Oaks continued its Survivors Parade charity, which has raised nearly $2 million for women’s health initiatives.
Churchill Downs (Nasdaq: CHDN) reported Q1 2026 results with record net revenue of $663 million (up $20 million, 3%) and record Adjusted EBITDA of $257 million (up $12 million, 5%). Net income attributable to CDI was $83 million (up $6 million, 8%).
Key strategic actions: an $85 million purchase agreement for Preakness Stakes IP, a planned $180–$200 million investment in Rockingham Grand Casino (mid-2027 target), opening of Marshall Yards Racing & Gaming, and a $0.438 per-share dividend paid in January 2026. Net bank leverage was 3.8x and $31 million of capital was returned to shareholders.
Churchill Downs (Nasdaq: CHDN) agreed to buy the intellectual property for the Preakness Stakes and Black-Eyed Susan Stakes for $85 million from 1/ST Maryland LLC, subject to customary closing conditions.
The Preakness IP will be licensed back to the State of Maryland under an Exclusive License Agreement for an annual fee. The parties expect the transaction to close after the 2026 Preakness. Funding will come from cash on hand and the company’s existing credit facility.
Churchill Downs (Nasdaq: CHDN) announced a U.S. District Court ruling (Western District of Kentucky) finding the Horseracing Integrity and Safety Authority’s purse-weighted fee methodology arbitrary and capricious and unlawful.
The company said the decision prohibits HISA’s efforts to collect fees under that methodology and characterized the ruling as validation for bringing the legal action.
Churchill Downs Incorporated (NYSE: CHDN) will release Q1 2026 financial results after the market close on Wednesday, April 22, 2026, and host a conference call on Thursday, April 23, 2026 at 9:00 a.m. ET.
Investors can access a live webcast or register for teleconference access with a personalized dial-in code; an online replay will be available by noon ET on April 23, 2026. Financial release materials will be posted on the company's website.
Churchill Downs (Nasdaq: CHDN) reported record fourth-quarter net revenue of $665.9 million (up 7%) and record adjusted EBITDA of $247.0 million (up 4%). Net income attributable to CDI was $51.3 million (down 28%) and diluted EPS was $0.71.
The company returned $456.3 million to shareholders in 2025, ended the year with net bank leverage of 4.1x, opened new venues in Virginia and Kentucky, and plans a $180–$200 million investment in a New Hampshire casino.
Churchill Downs Incorporated (Nasdaq: CHDN) announced the grand opening of Marshall Yards Racing & Gaming in Calvert City, Kentucky, to the public on February 25, 2026. The project is a $40–45 million investment and is CDI’s eighth historical racing venue in Kentucky.
The 23,000 square foot facility includes 225 historical racing machines, a retail sportsbook, simulcast wagering, and food and beverage options. According to the company, Marshall Yards will help fund purses for the Oak Grove Racing, Gaming & Hotel racing meet, and aims to boost regional tourism and local economic activity.
Churchill Downs Incorporated (Nasdaq: CHDN) announced the 152nd Spring Meet at Churchill Downs Racetrack will run nine weeks from April 25 to June 28, 2026 with 44 racing days. Derby Week runs April 25–May 2, 2026, and includes the 152nd Kentucky Oaks (May 1, 8–9 PM ET primetime) and the 152nd Kentucky Derby (May 2).
The Kentucky Oaks purse is $1.5 million and the Kentucky Derby purse is $5 million. Derby Week returns Sunday racing on April 26, the first Sunday during Derby Week since 2010.