Press release
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FOR IMMEDIATE RELEASE Media Contact (CDI): Breck Thomas-Ross Media Contact (NYRA): Pat McKenna (502) 636-4506 (646) 373-6789 Breck.ThomasRoss@kyderby.com pmckenna@nyrainc.com Investor Contact (CDI): Sam Ullrich (502) 638-3906 Sam.Ullrich@kyderby.com Horse Racing’s Biggest Events Unite in Landmark New “Thoroughbred Championship Series” Churchill Downs Incorporated and The New York Racing Association Introduce a Six-Race Championship Series, Running Across Three Iconic Racing Venues and Crowning One Champion CDI and NYRA Leaders to be Available for Joint News Conference Monday at 4 p.m. ET LOUISVILLE, Ky. (August 3, 2026) – Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) and The New York Racing Association, Inc. (“NYRA”) announced t oday t he creation of the “ Thoroughbred Championship Series.” The new six-race competition will begin in 2027 and establish a n annual season- long championship for America’s leading three-year-old Thoroughbreds. The country’s most iconic racing venues – Churchill Downs Racetrack, Belmont Park and Saratoga Race Course – will host the six-race series beginning the first Saturday in May. “The Thoroughbred Championship Series will extend the excitement of the sport across a five -month season,” said Bill Carstanjen, Chief Executive Officer of CDI. “The Kentucky Derby introduces millions of fans to a new generation of Thoroughbred stars each year, and this series gives those fans a reason to stay engaged with the sport's biggest stars throughout the season. By connecting these premier events through one championship, we're creating a season-long storyline that benefits the future of Thoroughbred racing.” “This series is designed to showcase the sport’s best three- year-olds across a season -long championship, elevating our biggest events and creating the next generation of fans,” said David O’Rourke, President and Chief Executive Officer of NYRA. “ The return of the Belmont Stakes to a newly transformed Belmont Park makes this an especially exciting moment for our sport. Together with Churchill Downs and our television partners, we are building on tradition to carry the excitement of these marquee races through the entire season.” The inaugural 2027 Thoroughbred Championship Series is expected to include: • Kentucky Derby presented by Woodford Reserve at Churchill Downs Racetrack on May 1
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• Belmont Stakes presented by NYRA Bets at Belmont Park on June 5 • Matt Winn Stakes at Churchill Downs Racetrack in July (exact date TBD) • Jim Dandy Stakes at Saratoga Race Course in late July/early August (exact date TBD) • Travers Stakes at Saratoga Race Course in late August (exact date TBD) • Championship Race at Churchill Downs Racetrack in September (exact date TBD) A unified points system is designed to encourage the nation’s leading three- year-olds to compete against one another more frequently. In addition to individual race purses, a $5 million prize pool will be awarded based on the final standings, which will also provide owners and tr ainers with meaningful financial incentives to remain active throughout the championship series. Each race will be broadcast to a national television audience. The Churchill Downs races will air on NBC, while the NYRA races will air on FOX. CDI and NYRA will work collaboratively on the series’ rules, nominations process, marketing, sponsorship, wagering opportunities and television distribution. Broadcast, sponsorship and commercial partnership details will be announced as agreements are finalized. Additional information regarding the race schedule, points system, eligibility rules, prize distribution, and branding will be released shortly. Bill Carstanjen and David O'Rourke will participate in a virtual news conference today, Monday, August 3, 2026 at 4 p.m. ET. Interested parties may listen to the conference call by accessing the online, real-time webcast and broadcast of the call here or by telephone at 800- 715-9871 or 646- 307-1963. Dial -in participants should reference Conference ID 8320599. Following the opening remarks, the moderator will open the call to questions. An online replay will be available following the call on CDI’s investor webpage at https://ir.churchilldownsincorporated.com/events-presentations. Members of the media may also email the contacts listed above to submit questions in advance of the conference call by 2 p.m. ET. Questions will be addressed during the news conference as time permits. For media assets regarding this announcement, click here. About Churchill Downs Incorporated Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has created extraordinary entertainment experiences for over 150 years, beginning with the Company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expa nded through the acquisition, development, and operation of live and historical racing entertainment venues, the growth of the online wagering businesses, and the acquisition, development, and operation of regional casino gaming properties. https://www.churchilldownsincorporated.com/ About The New York Racing Association, Inc. The New York Racing Association, Inc. (“NYRA”) is a not-for-profit organization franchised by New York State to conduct thoroughbred racing at Belmont Park and Saratoga Race Course . NYRA tracks are the cornerstone of New York’s horse racing economy, which is responsible for 19,000 jobs and more than $3 billion in annual statewide impact.
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NYRA is the parent company of NYRA Bets, LLC, the national advanced deposit wagering platform launched in 2016 and currently available to customers in 38 states. NYRA Bets provides bettors the opportunity to wager on tracks worldwide from anywhere at any time. The NYRA Bets app is available for download on iOS and Android at NYRABets.com. This news release contains various "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as "ant icipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "seek," "should," "will," "scheduled," and similar words or similar expressions (or negative versions of such words or expressions), although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward- looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers' confidence and discretionary spending or our access to credit, including the impact of inflation; changes in, or new interpretations of, applicable tax laws or rulings that could result in additional tax liabilities; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, and related economic matters on our results of operations, financial conditions, and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; negative shifts in public opinion regarding gambling that could result in increased regulation of, or new restrictions on, the gaming industry; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation that competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and historical racing machine ("HRM") manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements w ith industry constituents, including horsemen and other racetracks; cybersecurity risk, including cybersecurity breaches, loss or misuse of our confidential information as a result of a breach including customers’ personal information, or IT system operati onal disruptions, could lead to government enforcement actions or other litigation; costs of compliance with increasingly complex laws and regulations regarding data privacy and protection of personal information; reliance on our technology services and catastrophic events, system failures, errors or defects disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti -money laundering regulations; payment -related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; increases to interest rates, disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; whether the objective of a strategic alternative review process will be achieved; the terms, structure, benefits and costs of any strategic transaction; the timing of any strategic transaction and whether any strategic transaction will be consummated on the terms proposed or at all; the risk that the announcement or exploration of strategic alternatives could have an adverse effect on our ability to retain key personnel and maintain relationships with partners, suppliers, employees, shareholders and other business relationships; the risk of any unexpected costs or expenses resulting from the exploration of strategic alternatives; the risk of any litigation relating to the exploration of strategic alternatives or any strategic transaction; and other factors described under the heading "Risk Factors" in our most recent Annual R eport on Form 10-K and in other filings we make with the Securities and Exchange Commission.
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We do not undertake any obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as required by law.