Churchill Downs Incorporated Statement on Contract Impasse with NYRA

LOUISVILLE, KY., (July 31, 2024) - After failure to reach agreement on updated and unreasonable terms, the New York Racing Association ("NYRA") made the decision to cut off racing content from Churchill Downs Incorporated's ("CDI") online wagering platform, TwinSpires. As a result, pari-mutuel wagering and live video on NYRA tracks will not be available online to customers of TwinSpires or at racetracks and sportsbooks owned by CDI.

Following this decision, pari-mutuel wagering and live video from race meets held at racetracks owned, operated or represented by CDI has been removed from NYRA's online wagering platform, NYRA Bets, as well as NYRA Bets affiliates, effective immediately.

"Following NYRA's disturbing recent pattern of demanding significant new economics from ADWs for no additional value in return, NYRA has elected to terminate TwinSpires' access to its Saratoga signal today," said Bill Carstanjen, CEO of CDI. "While we hope to resolve this dispute quickly and amicably, make no mistake that we will continue to advocate for and invest in our customers and this industry. NYRA's reckless pattern reflects an increasingly misguided understanding of how to best serve the racing industry in New York. Their actions are bad for horse racing and negatively impact our fans."