Investor Presentaiton

Our investments have provided strong returns creating long-term shareholder value Payback Period Year Investment ($ millions) $4 < 5 years Property Winner's Circle Suites and Courtyard 2015 Turf Club / Stakes Room 2016 $18 < 5 years Ocean Downs Slot Floor Purchase 2017 $13 < 2 years Miami Valley Expansion 2017 $5 < 2 years Oxford Hotel & Floor Expansion 2017 $27 < 6 years Ocean Downs Expansion 2017 $18 < 3 years Derby City Gaming 2018 $65 < 2 years པ་ 61 Capital Management DERBY CITY GAMING CHURCHILL DOWNS INCORPORATED

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