Churchill Downs Incorporated Names Jason Sauer Senior Vice

LOUISVILLE, Ky., June 22, 2021 (GLOBE NEWSWIRE) – Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Jason Sauer has been named Senior Vice President of Corporate Development for the company . In this role, Sauer will work closely with the other senior management team on the development and implementation of CDI’s strategy and growth initiatives and will report directly to Bill Carstanjen, CDI’s Chief Executive Officer.

Sauer joined CDI in 2014 as Senior Director, Corporate Development, before being promoted to Vice President, Corporate Development in 2019.

“Jason has a great deal of talent for both traditional M&A deals and non-standard, complex commercial arrangements,” said Carstanjen. “During his tenure at CDI, Jason has demonstrated a knowledge and ability to identify and analyze potential growth opportunities and we are excited to announce this well-deserved promotion.”

Prior to joining CDI, Sauer served as legal advisor to Humana in Louisville, Kentucky and as an attorney with Skadden, Arps, Slate, Meagher & Flom in New York, New York, specializing in mergers and acquisitions and other corporate transactions.

Sauer is a Lieutenant Commander in the United States Navy Reserve serving as an executive officer for a reserve command in Norfolk, Virginia. He recently returned to CDI after his second assignment in the Middle East.

Sauer graduated with honors from Harvard College and received his Juris Doctor from Rosenberg College of Law at the University of Kentucky. He has additional degrees from the University of Kentucky and the University of Cambridge.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry leader in racing, online betting and gaming entertainment anchored by our iconic flagship event, the Kentucky Derby. We own and operate three pari-mutuel venues in Kentucky with around 3,050 historic racing machines. We also own and operate TwinSpires, one of the largest and most profitable online horse racing, sports and iGaming betting platforms in the United States, and we have seven sports betting retailers. In addition, we are the leader in stationary casino gaming in eight states with around 11,000 slot machines and video lottery terminals as well as 200 table games. More information about CDI can be found online at www.churchilldownsincorporated.com.

Certain statements in this press release contain 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 “anticipate,” “believe,” ” could ”,“ estimate ”,“ expect ”,“ intend ”,“ could ”,“ could ”,“ plan ”,“ predict ”,“ project ”,“ aim ”,“ should, “will” and similar words or similar words Phrases (or negative versions of such words or phrases).

While we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot guarantee that these expectations will prove to be correct. Important factors that could materially affect actual results or results include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of exceptional events such as terrorist attacks, public health threats, civil unrest and bad weather; the impact of economic conditions on our consumer confidence and discretionary spending or access to credit; additional or increased taxes and fees; the effects of significant competition and the expectation that the level of competition will increase; Changes in consumer preferences, participation, betting and sponsorship; Loss of key or highly qualified personnel; a lack of confidence in the integrity of our core businesses or a deterioration in our reputation; Risks associated with equity investments, strategic alliances and other agreements with third parties; Inability to respond to rapid technological changes in a timely manner; Concentration and development of the manufacture of gaming machines and other technological conditions that could generate additional costs; Inability to negotiate agreements with industry representatives, including equestrians and other racetracks; Inability to successfully grow our TwinSpires Sports and Casino businesses and to compete effectively; Inability to identify and complete expansion, acquisition or disposal projects in a timely manner, on budget, or as planned; Difficulties integrating new or future acquisitions into our operations; Costs and uncertainties related to developing new venues and expanding existing facilities; general risks associated with real estate ownership and significant expenses, including fluctuations in market value and environmental regulations; Reliance on our technology services and catastrophic events and system failures that disrupt our operations; Online security risks, including cyber security breaches, or loss or misuse of our stored information as a result of a breach, including customer personal information, could lead to government enforcement action or other legal disputes; Personal injury litigation related to injuries that have occurred on our circuits; Compliance with the Foreign Corrupt Practices Act or applicable money laundering regulations; payment-related risks, such as risks related to the fraudulent use of credit cards and debit cards; Work stoppages and work problems; Risks associated with pending or future legal proceedings and other lawsuits; highly regulated operations and changes in the regulatory environment could adversely affect our business; Restrictions on our credit facilities that limit our flexibility in running our business; Failure to comply with financial ratios and other covenants in our credit facilities and other debt; and increase in our insurance costs or the conclusion of similar insurance coverage in the future and the inability under our insurance policies to reimburse damage to our properties in the event of inclement weather and accidental events.

We undertake no obligation to update or revise any forward-looking statements as a result of new information, future events or for any other reason, except as required by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1aa4a997-9f36-4d59-a720-6afa82340864