commit c3ee2a7cdb7f869062c9ebf80b43e2c26a968478 Author: gabriellaander Date: Tue Apr 28 12:34:08 2026 +0800 Update 'Churchill Downs Reports Record $2.5 billion Revenue in 2026' diff --git a/Churchill-Downs-Reports-Record-%242.5-billion-Revenue-in-2026.md b/Churchill-Downs-Reports-Record-%242.5-billion-Revenue-in-2026.md new file mode 100644 index 0000000..ff63afa --- /dev/null +++ b/Churchill-Downs-Reports-Record-%242.5-billion-Revenue-in-2026.md @@ -0,0 +1,15 @@ +
Business sure is booming for the famous racecourse that plays host to the annual Kentucky Derby.
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2023’s net revenue of $2.5 billion was a 36% increase compared to the $1.8 billion generated in 2022. The Bluegrass State-based [operator](https://mycrewdate.com/@raquel89d05912) produced a record $1 billion in adjusted EBITDA too, which marked a 34% [increase](https://weplex-heatexchanger.com/blog/etude-cas/optimiser-sa-papeterie-grace-a-lechangeur-weplex/) from 2022's $800 million figure.
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The 149th Kentucky Derby generated records in all-sources handle and adjusted EBITDA contribution from Derby Week too.
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Its gaming segment brought in $974.6 million in revenue over the full year, over $200 million better than the $761.8 million from 2022’s wagering. Its adjusted EBITDA from gaming also increased year-over-year from $421.9 million in 2022 to $488.6 million in 2023.
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Full-year [operating income](https://www.a2zbookmarking.club/story.php?title=the-betnaija-promotion-code-for-2026-is-yohaig) grew 75% to $564 million, but net income experienced a 5% decrease YoY with $417 million in 2023 versus $439 million in 2022.
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Heavy influence
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The acquisition of Peninsula Pacific Entertainment (P2E) played a large part in the increases Churchill Downs enjoyed last year.
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A $313.9 million increase in [revenue](http://www.janefkutu.com/index.php?route=journal3/blog/post&journal_blog_post_id=1) was attributed to the Virginia racetracks and casinos the [company acquired](https://www.meetgr.com/@kjmlanora81859) in its [purchase](http://mnoldsclub.org/gallery/emodule/463/eitem/1041) of P2E.
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For the fourth quarter, net revenue jumped to $561.2 million compared to $480.1 million in Q4 2022, while adjusted EBITDA rose to $219.1 million from $180.7 million.
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New retail sportsbook in Kentucky
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Owensboro Racing & Gaming will be Churchill Downs’ seventh historical horse racing entertainment venue in Kentucky. It will be [located](http://hanseattle.com/bbs/board.php?bo_table=korea_film&wr_id=23/) in County and will feature 600 state-of-the-art historical racing machines, multiple food and beverage offerings, and a retail sportsbook.
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"We are proud to announce this investment in the Kentucky horse racing industry as we celebrate 150 years of the Kentucky Derby."
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- Bill Carstanjen, Churchill Downs CEO
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The property will also operate as an annex of Ellis Park Racing & Gaming and will support purse funding for Ellis Park’s traditional summer racing meet.
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Carstajen was anxious to have Kentucky sports betting be offered right out of the gate when the market went live in 2023. The new retail sportsbook at Owensboro will add another [in-person option](https://gitea.quiztimes.nl/antoniettalang) for wagering just in time for another running of the Kentucky Derby next year.
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