3 for 1 Churchill Downs’ CHDN Stock Split

LOUISVILLE, Ky., Jan. 11, 2019 (GLOBE NEWSWIRE) — As previously announced on October 31, 2018, the Board of Directors of Churchill Downs Incorporated (“the Company”) (Nasdaq: CHDN) approved a three-for-one split of the Company’s common stock (the “Stock Split”) for shareholders of record as of January 11, 2019 (the “Split Record Date”). The Stock Split will be effectuated by distributing to each shareholder two additional shares for every outstanding share held as of the Split Record Date. The additional shares will be distributed on January 25, 2019, and the stock will begin trading at the split-adjusted price starting on January 28, 2019.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN), headquartered in Louisville, Ky., is an industry leading racing, gaming and online entertainment company anchored by our iconic flagship event – The Kentucky Derby. We are the largest legal online account wagering platform for horseracing in the U.S., through our ownership of TwinSpires.com. We are also a leader in brick-and-mortar casino gaming with approximately 9,500 gaming positions in seven states. We have launched our BetAmerica Sportsbook at our two Mississippi casino properties and have announced plans to enter additional U.S. real money online gaming and sports betting markets. Derby City Gaming, the first historical racing machine (“HRM”) facility in Louisville, was opened in September 2018 with 900 HRM machines. Additional information about CDI can be found online at www.churchilldownsincorporated.com.