• Home
  •  / Churchill Downs

Churchill Downs

OverviewSuggest Edit

Churchill Downs Incorporated is a racing, gaming, and online entertainment company. The Company manages its operations through six operating segments: Racing, Casinos, TwinSpires, Big Fish Games, Other Investments and Corporate. CDI's Racing segment includes four racetracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course. The Company is also a provider of brick-and-mortar real money casinos (Oxford Casino, Riverwalk Casino, Harlow’s Casino, Calder Casino and Fair Grounds Slots and Video Services, LLC) and two hotels (Riverwalk and Harlow’s).

TypePublic
Founded1875
HQLouisville, USMap
Websitechurchilldownsincorporated.com
Employee Ratings3.6More
View Jobs (83)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)5,500(+35%)
Job Openings83
Revenue (FY, 2019)$1.3 B(+32%)
Share Price (Sept 2020)$166.6 (+3%)
Cybersecurity ratingBMore

Key People/Management at Churchill Downs

William C. Carstanjen

William C. Carstanjen

Chief Executive Officer
Bradley K. Blackwell

Bradley K. Blackwell

SVP, General Counsel
William E. Mudd

William E. Mudd

President and Chief Operating Officer
Marcia A. Dall

Marcia A. Dall

Executive Vice President and Chief Financial Officer
Kevin Flanery

Kevin Flanery

SVP, CDI and President of Churchill Downs Racetrack
Benjamin C. Murr

Benjamin C. Murr

SVP and Chief Technology Officer
Show more

Churchill Downs Office Locations

Churchill Downs has offices in Louisville and Seattle
Louisville, US (HQ)
600 N Hurstbourne Pkwy
Seattle, US
333 Elliott Ave W
Show all (2)

Churchill Downs Financials and Metrics

Churchill Downs Revenue

Churchill Downs's revenue was reported to be $1.33 b in FY, 2019
USD

Revenue (Q2, 2020)

23.3m

Gross profit (Q2, 2020)

(7.8m)

Gross profit margin (Q2, 2020), %

(33.5%)

Market capitalization (14-Sept-2020)

6.9b

Closing stock price (14-Sept-2020)

166.6

Cash (30-Jun-2020)

649.2m
Churchill Downs's current market capitalization is $6.9 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

696.9m732.4m1.3b882.6m1.0b1.3b

Revenue growth, %

4%49%8%

Sales and marketing expense

9.5m9.9m

General and administrative expense

64.5m73.8m83.4m85.1m90.8m100.2m83.1m90.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

249.7m166.3m138.2m270.8m164.9m148.1m283.8m221.3m265.4m477.4m31.4m252.9m23.3m

Cost of goods sold

30.8m31.1m

Gross profit

600.0k(7.8m)

Gross profit Margin, %

2%(33%)
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

27.3m37.2m44.7m67.9m74.5m48.7m51.7m133.3m96.2m

Accounts Receivable

49.8m47.2m46.6m75.9m67.7m49.6m28.8m37.3m

Prepaid Expenses

10.4m13.4m12.0m24.7m39.5m18.9m22.4m26.9m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

31.0m26.9m28.9m31.8m30.0m39.3m38.9m43.8m47.2m46.7m42.0m49.5m59.2m51.1m51.1m55.1m56.9m54.9m41.8m57.8m202.7m254.6m131.3m119.7m202.7m189.8m700.9m649.2m

Accounts Receivable

41.2m33.1m24.1m44.1m38.2m26.6m46.6m40.3m35.2m45.9m35.4m60.4m66.9m61.7m52.2m61.5m50.8m62.3m70.6m74.0m34.6m37.3m33.8m47.5m72.8m35.4m36.5m47.5m

Prepaid Expenses

20.2m18.8m17.6m14.0m12.0m22.1m17.4m14.5m20.8m18.4m16.4m35.1m33.2m38.8m53.4m51.5m51.7m57.7m54.2m59.3m26.0m22.1m26.4m37.8m30.2m31.3m

Current Assets

177.7m145.6m124.0m151.6m133.2m133.4m156.3m147.6m149.0m153.9m126.3m202.7m215.1m209.1m198.0m209.6m201.2m213.3m208.8m234.8m294.8m354.1m230.3m259.4m348.5m301.9m817.7m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

64.4m58.3m54.9m46.4m65.2m108.1m140.5m352.8m137.2m

Depreciation and Amortization

55.2m55.6m61.8m68.3m109.7m108.6m97.1m69.6m96.4m

Accounts Payable

14.4m3.5m(5.9m)(8.4m)

Cash From Operating Activities

173.2m144.4m144.9m141.6m264.5m226.8m218.2m197.8m289.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

37.0m56.7m1.4m49.9m55.9m1.1m51.4m60.6m(700.0k)56.6m60.2m(1.6m)53.5m57.7m2.8m72.6m81.3m7.3m85.6m102.3m182.0m285.1m341.4m11.6m118.7m133.5m(23.4m)(142.3m)

Depreciation and Amortization

27.9m41.3m13.8m27.4m40.8m15.0m30.0m45.8m15.3m31.0m48.3m27.4m54.7m82.1m27.0m53.9m81.4m24.5m49.3m73.3m13.8m29.1m45.8m20.8m42.3m64.3m44.1m

Accounts Payable

10.9m229.0k(2.4m)6.5m395.0k(203.0k)16.4m5.8m9.5m28.4m2.9m9.5m27.0m8.6m

Cash From Operating Activities

104.8m131.6m55.1m96.1m102.1m46.7m100.3m114.4m51.9m119.1m114.2m89.7m194.2m223.2m66.6m166.8m189.0m74.6m171.1m164.2m55.9m162.3m135.4m70.3m214.3m260.2m43.5m76.9m
show all
USDQ2, 2011

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
Show all financial metrics

Churchill Downs Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

Learn more about about our premium products
SecurityScorecard logo

Churchill Downs Online and Social Media Presence

Churchill Downs's Trends

Embed Graph

Churchill Downs News and Updates

August 12, 2020

Churchill Downs to limit Kentucky Derby attendees to less than 23,000, and will require face coverings

Churchill Downs Inc. provided Wednesday an update to its safety plan for the 146th running of the Kentucky Derby amid the COVID-19 pandemic, which is scheduled for Sept. 5. The company said attendance will be limited to less than 23,000 fans, which is less than 14% of the attendance record, and lim…
August 12, 2020

Churchill Downs to limit Kentucky Derby attendance; masks required, temps taken

Churchill Downs to limit Kentucky Derby attendance; masks required, temps taken
July 06, 2020

Churchill Downs re-suspends operations at Miami casino less than a month after it was reopened

Churchill Downs Inc. said Monday that it has temporarily suspended operations at Calder Casino in Miami as of July 3, less than a month after it was opened. The racing and gaming company said the suspension comes after an emergency order was issued by Miami Mayor Carlos Gimenez to close entertainme…
July 06, 2020

Churchill Downs Incorporated Announces Temporary Suspension of Operations at Calder Casino in Florida

Miami-Dade County Emergency Order Calls for Closure of Entertainment Venues Miami-Dade County Emergency Order Calls for Closure of Entertainment Venues
July 02, 2020

Churchill Downs Incorporated Announces the Reopening of Rivers Casino Des Plaines

LOUISVILLE, Ky., July 02, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced the reopening of Rivers Des Plaines (“Rivers”) in Des Plaines, Illinois, the Company’s joint venture with Rush Street Gaming on Wednesday, July 1, 2020. Rivers will hav…
May 25, 2020

Aristocrat, Churchill Downs Settle $155 Million Big Fish Illegal Gambling Case

Australian slot machine maker Aristocrat Leisure has agreed to pay $31 million in a class action lawsuit brought by US players who lost significant amounts of money to purchase virtual chips on social casino games developed by one of its divisions. The company was embroiled in two class action lawsu…
Show more

Churchill Downs Blogs

June 26, 2020

Churchill Downs Incorporated Reopens Presque Isle Downs & Casino in Erie, Pennsylvania

Live Racing to Resume without Spectators on July 27 LOUISVILLE, Ky. , June 26, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today the reopening of Presque Isle Downs & Casino (“Presque Isle”) in Erie, Pennsylvania at 12 p.m.
June 22, 2020

Arlington International Racecourse to Conduct Spectator-Free Live Racing Meet July 23 – September 26, 2020

Arlington International Racecourse to Conduct Spectator-Free Live Racing Meet July 23 – September 26, 2020 Content Import Mon, 06/22/2020 - 17:13 Arlington International Racecourse to Conduct Spectator-Free Live Racing Meet July 23 – September 26, 2020 Jun 22, 2020 …
June 19, 2020

Churchill Downs Incorporated Gains Entry into Online Illinois Sports Betting Market Through the Launch of BetRivers.com by Rivers Casino Des Plaines

Rivers Casino Des Plaines Partners with Rush Street Interactive to Launch BetRivers.com LOUISVILLE, Ky. , June 19, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that Rivers Casino Des Plaines , the Company’s joint venture with Rush
June 11, 2020

Churchill Downs Incorporated to Reopen Properties in Florida, Pennsylvania, Louisiana, Maryland and Ohio

Churchill Downs Incorporated to Reopen Properties in Florida, Pennsylvania, Louisiana, Maryland and Ohio Content Import Thu, 06/11/2020 - 16:34 Churchill Downs Incorporated to Reopen Properties in Florida, Pennsylvania, Louisiana, Maryland and Ohio Jun 11, 2020 …
June 08, 2020

Churchill Downs Incorporated Announces Agreement to Purchase 1,250 Historical Horse Racing Machines from IGT

Churchill Downs Incorporated Announces Agreement to Purchase 1,250 Historical Horse Racing Machines from IGT Content Import Mon, 06/08/2020 - 16:06 Churchill Downs Incorporated Announces Agreement to Purchase 1,250 Historical Horse Racing Machines from IGT Jun 8, 2020 …
May 24, 2020

Churchill Downs Incorporated and Aristocrat Leisure Limited Announce Agreement in Principle to Settle Lawsuits related to Big Fish Games, Inc.

LOUISVILLE, Ky. , May 24, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq:  CHDN) and Aristocrat Leisure Limited (ASX: ALL) ("Aristocrat") today announced that they have entered into an agreement in principle to settle the Kater v. Churchill Downs, Inc. , and Thimmegowda v.
Show more

 Churchill Downs Frequently Asked Questions

  • When was Churchill Downs founded?

    Churchill Downs was founded in 1875.

  • Who are Churchill Downs key executives?

    Churchill Downs's key executives are William C. Carstanjen, Bradley K. Blackwell and William E. Mudd.

  • How many employees does Churchill Downs have?

    Churchill Downs has 5,500 employees.

  • What is Churchill Downs revenue?

    Latest Churchill Downs annual revenue is $1.3 b.

  • What is Churchill Downs revenue per employee?

    Latest Churchill Downs revenue per employee is $241.8 k.

  • Who are Churchill Downs competitors?

    Competitors of Churchill Downs include Sbobet, WDTS and Stride Gaming.

  • Where is Churchill Downs headquarters?

    Churchill Downs headquarters is located at 600 N Hurstbourne Pkwy, Louisville.

  • Where are Churchill Downs offices?

    Churchill Downs has offices in Louisville and Seattle.

  • How many offices does Churchill Downs have?

    Churchill Downs has 2 offices.