Investor Presentaiton
TwinSpires Horse Racing
Horse Racing Industry Handle and Online Wagering
Online wagering on horse racing has grown significantly since 2020
Annual Growth
U.S.Thoroughbred Horse Racing Handle!
Quarterly Growth
U.S.Thoroughbred Horse Racing Handle'
$ in billions
$12.2
$12.1
$10.9
$6.7
61%
$6.7
54%
$6.4
53%
$ in billions
2%
$11.7
CAGR
$2.6
(2)%
$2.5
2020
2021
2022
2023³
4Q'223
4Q'23³
U.S. Online Wagering²,3
All Other Horse Racing Wagering
I
Represents wagering on U.S. Thoroughbred Horse Racing as reported by Equibase
2 U.S. Online Wagering as reported by the Oregon Racing Commission
40
3 As of the publication of this presentation, the Oregon Racing Commission has yet to publish U.S. Online Wagering for 2023
CHURCHILL DOWNS
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