Operators / Churchill Downs Incorporated

Churchill Downs Incorporated

Operator · CHDN · Louisville, Kentucky[1]

www.churchilldownsincorporated.com

Operates racetracks, casinos, and historical-racing (HRM) parlors across several states, plus TwinSpires online wagering.

Financials

Market cap $5.6B · CHDN on NasdaqGS · Oct 11, 2026[8]

Est. U.S. revenue $2.9B · FY2025 · All disclosed properties/segments are US; no foreign revenue line in filing[9]

Brands

• Churchill Downs — Historical horse racing, Commercial casinos
• TwinSpires — Historical horse racing
• Derby City Gaming — Historical horse racing
• Rosie's Gaming Emporium — Historical horse racing

Latest reported 12-month window

Available reports within each market’s latest 12-month window; missing months may make totals incomplete. License-holder totals may include partner-operated brands; rows are not necessarily additive.

Licenses

Sources

1. Churchill Downs Incorporated · retrieved Oct 10, 2026
2. Churchill Downs Inc Form 10-K filed 2019-02-27 · retrieved Oct 11, 2026

   XBRL company facts, CIK 20212; revenue tag Revenues

3. Churchill Downs Inc Form 10-K filed 2020-02-26 · retrieved Oct 11, 2026

   XBRL company facts, CIK 20212; revenue tag Revenues

4. Churchill Downs Inc Form 10-K filed 2021-02-24 · retrieved Oct 11, 2026

   XBRL company facts, CIK 20212; revenue tag Revenues

5. Churchill Downs Inc Form 10-K filed 2022-02-23 · retrieved Oct 11, 2026

   XBRL company facts, CIK 20212; revenue tag Revenues

6. Churchill Downs Inc Form 10-K filed 2023-02-22 · retrieved Oct 11, 2026

   XBRL company facts, CIK 20212; revenue tag Revenues

7. Churchill Downs Inc Form 10-K filed 2026-02-25 · retrieved Oct 11, 2026

   XBRL company facts, CIK 20212; revenue tag RevenueFromContractWithCustomerExcludingAssessedTax

8. CHDN (CHDN) quote · retrieved Oct 11, 2026
9. Churchill Downs Inc - Form 10-K - FY2025 · retrieved Oct 11, 2026
10. Hard Rock Hotel and Casino -- Facility License · retrieved Oct 10, 2026
11. Hard Rock Hotel & Casino Sioux City could get new owners · retrieved Oct 10, 2026
12. Indiana Casino Licensees & Operating Agent (Current as of: September 24, 2026) · retrieved Oct 10, 2026
13. Sports Wagering Certificate of Authority Holders (Current as of: 07/27/2026) · retrieved Oct 10, 2026
14. Kentucky Horse Racing and Gaming Corporation -- Sports Wagering · retrieved Oct 10, 2026

    Facility list carried over from data/jurisdictions/KY.yaml's existing notes (historical_horse_racing section); that file does not name a specific operating company for each facility, so the churchill-downs-incorporated operator id used above for Kentucky Downs, Ellis Park, and The Red Mile/Keeneland is an unconfirmed placeholder (gap), confirmed only for Derby City Gaming, which is an explicit Churchill Downs Incorporated brand.

15. Churchill Downs completes $79m Ellis Park acquisition · retrieved Oct 10, 2026

    Page not independently re-fetched this session; relied on search-result summaries (gamblinginsider, thoroughbreddailynews, intergameonline) confirming the closed $79M acquisition of Ellis Entertainment, LLC (parent of Ellis Park) by Churchill Downs Incorporated from Enchantment Holdings/Laguna Development Corporation.

16. Newport Racing & Gaming facility to open on Oct. 2 for historical racing machine gaming, simulcasts · retrieved Oct 10, 2026

    Page not independently re-fetched this session; relied on search-result summaries (nkytribune, soapboxmedia, Wikipedia) confirming Churchill Downs Incorporated's 2019 purchase of Turfway Park and its Oct. 2, 2020 opening of Newport Racing & Gaming as an extension of Turfway's racing license.

17. Approved Sports Betting Licensees and their Partners · retrieved Oct 10, 2026

    Fetched directly via gld.fetch.get (Chrome TLS impersonation) and parsed with pdfplumber; the primary source used to re-confirm all sports-wagering/track pairings in this review pass.

18. Louisiana Central Gaming Registry -- Ownership Organizational Charts of Casino Licenses · retrieved Oct 10, 2026
19. Licensed Wagering Platforms · retrieved Oct 10, 2026
20. Maryland's Casinos · retrieved Oct 10, 2026
21. Churchill Downs leads purchase of Ocean Downs · retrieved Oct 10, 2026

    Direct fetch not performed in this pass; the Jan. 2017 Churchill Downs/Saratoga Casino Holdings joint purchase of Ocean Downs (Churchill effective ~62.5% interest) is drawn from a search-engine result summary citing this article, a Churchill Downs investor-relations PDF, and a WMDT/CBS News report of the sale closing.

22. Legal vs. Illegal Online Gaming · retrieved Oct 10, 2026

    Page lists BetRivers and theScore Bet as licensed sportsbook DBAs with no operator company named and no Maryland casino tether identified in this pass; omitted from the licenses list above pending that identification (gap).

23. Five Sportsbook Operators Are Cleared to Operate in Md. Casinos... Someday · retrieved Oct 10, 2026

    Direct fetch of this exact URL returned HTTP 403 in this research pass. The Nov. 2021 casino-to-sportsbook pairings (Caesars/Horseshoe Baltimore, FanDuel/Live! Hanover, BetMGM/MGM National Harbor, TwinSpires/Ocean Downs; plus betPARX/Greenmount OTB, DraftKings/Timonium Racetrack, and Fanatics/Northwest Stadium as later retail partners) are drawn from a search-engine result summary of this article and companion legalsportsreport.com / wsn.com / rotowire.com guides returned by the same query, not independently re-verified by direct fetch; current (2026) pairings may differ (gap).

24. Gambling in Maine · retrieved Oct 10, 2026

    secondary source only; used for casino ownership/history.

25. News Release: Michigan Gaming Control Board approves 888 Holdings as Hannahville tribe's internet casino gaming provider · retrieved Oct 10, 2026
26. Mississippi Gaming Commission Public Information: Monthly Survey Information (Property Data), August 1-31, 2026 · retrieved Oct 10, 2026
27. Churchill Downs Incorporated Completes Acquisition of Harlow's Casino Resort & Hotel · retrieved Oct 10, 2026
28. Churchill Downs buying Riverwalk for $141 million · retrieved Oct 10, 2026
29. Commercial Casinos · retrieved Oct 10, 2026
30. Licensed Interactive Gaming Certificateholders and Authorized Interactive Gaming Websites · retrieved Oct 10, 2026
31. Sportsbook Master List · retrieved Oct 10, 2026
32. Sports Betting in Virginia | Virginia Lottery · retrieved Oct 10, 2026
33. Churchill to acquire Colonial Downs · retrieved Oct 10, 2026
34. The Rose hopes to attract more gamblers to Dumfries · retrieved Oct 10, 2026