Churchill Downs Incorporated reported second quarter 2026 financial results, achieving all-time record net revenue of $980 million, an increase of $46 million or 5% year-over-year. Net income attributable to the company rose 11% to $241 million, while Adjusted EBITDA reached a record $477 million, up 6%. Diluted EPS was $3.42 compared to $2.99 in the prior year period. The quarter featured the 152nd Kentucky Derby, which generated all-time record wagering and contributed significantly to earnings, supported by peak viewership of 24.4 million. The company ended the quarter with a net bank leverage ratio of 3.7x. Churchill Downs Incorporated operates in the entertainment industry, managing racetracks, casino gaming properties, and online wagering platforms.

Churchill Downs Incorporated has completed a comprehensive review of its operational portfolio and is exploring strategic alternatives to sell eight wholly owned regional gaming properties. The assets under consideration include Calder Casino in Florida, Terre Haute Casino Resort in Indiana, Hard Rock Hotel & Casino in Iowa, Oxford Casino Hotel in Maine, Ocean Downs Casino and Racetrack in Maryland, Harlow’s Casino Resort and Spa and Riverwalk Casino Hotel in Mississippi, del Lago Resort and Casino in New York, and Presque Isle Downs and Casino in Pennsylvania. The company stated it cannot assure that this exploration will result in a transaction or define specific terms. Churchill Downs Incorporated operates in the gaming and racing industry, owning and operating casinos, racetracks, and related hospitality facilities.