Investor Presentaiton

Gaming Properties Equity Investments Rivers Casino Des Plaines (61% Ownership) Property ■ Premier location on 21 acres in Des Plaines, IL (~17 mi. from Chicago) ■ ~2,000 positions 1,2 (1,516 slot machines and 120 table games) ■ ■ Eight food and beverage outlets plus a VIP lounge Retail and online BetRivers sportsbook Completed $90MM investment³ in 78,000 sq-ft expansion in 2022 ☐ First phase of expansion added ~725 gaming positions and new restaurant in January 2022 ■ Second phase of expansion added poker room, new casino bar, and expanded gaming floor in April 2022 ■ 10,000 sq-ft ballroom added in May 2022 Miami Valley Gaming (50% Ownership) Property Located on 120 acres in Lebanon, OH (North of Cincinnati, south of Dayton) ■ ~2,250 video lottery terminals' and four dining facilities Joint venture (50/50) with Delaware North Completed two growth projects in 2022 Expanded the outdoor gaming patio in June 2022 to allow for 196 more machines and to add an outdoor bar Converted existing buffet space into two new food venues and added incremental gaming space in July 2022 RIVERS CASINO Miami Valley GAMING Units as of December 31, 2022 2 For purposes of statutory requirements, slot machines are counted as 0.9 positions and table games are determined based on type of game (Craps tables have 10 positions, all others have 5 positions). 3 Investment funded from Rivers Des Plaines operating cash flow and debt facilities for joint venture and not funded by CDI 47 CHURCHILL DOWNS INCORPORATED

View entire presentation