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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 INCORPORATED
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