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Horse Racing, Kentucky Derby at The Downey Profile®

Derby Day Wagering Hits All-Time High

5/6/2018

 

Wagering from all-sources was the highest all-time on both the Kentucky Derby Day program and on the Kentucky Derby race.

Wagering from all sources on the Kentucky Derby Day program totaled $225.7 million, an eight percent increase over the 2017 total and previous record of $209.2 million. Wagering from all-sources on the Kentucky Derby race increased eight percent to $149.9 million from the previous record of $139.2 million set last year.
 
TRACK PRESIDENT COMMENTARY “Congratulations to the connections of Justify on a very impressive performance to win the 144th Kentucky Derby Presented by Woodford Reserve,” said Kevin Flanery, President of Churchill Downs Racetrack. “We were excited to introduce our latest round of renovations and our investments in the facility continue to pay off as we strive to improve the guest experience every year. A special thanks to the Louisville Metro Police Department for their efforts to deliver our new transportation improvement plan. Thanks and congratulations to our horsemen, employees and volunteers that made this an amazing Derby and a phenomenal opening to our 2018 Spring Meet.”
 
BUSINESS COMMENTARY “We are deeply grateful to all of the fans of the Kentucky Derby around the world who once again made this an amazing and memorable experience,” said Bill Carstanjen, CEO of Churchill Downs Incorporated (“CDI”). “We expect the Kentucky Derby Week Adjusted EBITDA to reflect another record with $11.0-to-$13.0 million of growth over last year.” The Adjusted EBITDA range includes approximately $2.5 million of favorability related to the adoption of the new revenue accounting standard ASC 606.
 
TWINSPIRES TwinSpires, the country’s leading online and mobile betting platform and the official betting partner of the Kentucky Derby and the Breeders’ Cup World Championships, recorded $39.2 million in handle on Churchill Downs races for the Kentucky Derby Day program, an increase of 15% over the prior year. TwinSpires’ handle on the Kentucky Derby alone race was $24.6 million, up 18% over 2017.
 
DERBY WEEK All-sources handle for Opening Night, Saturday, April 28, through Derby Day, Saturday, May 5, rose to a new record of $311.2 million, up nine percent from the previous record of $285.1 million set last year. Attendance for those five days was 375,346, up seven percent over 2017.

Edited Churchill Downs release

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