Investor Presentaiton

Historical Racing Machines Turfway Park Racing & Gaming and Newport Racing & Gaming Opened TURFWAY Park= RACING & GAMING NEWPORT RACING & GAMING $372 ~3 mi. to Cincinnati Sept. 2022 Oct. 2020 Total investment ($ millions) $200' Proximity to major market ~10 mi. to Cincinnati Retail sports betting Sept. 2023 Sept. 2023 Win/Unit/Day³ $1994 $1855 HRMS 848 463 Turfway Park Racing & Gaming Renovation ■ Located in Northern Kentucky (~10 miles to Cincinnati, OH) ■ Opened September 1, 2022 ■ Supports purse funding for Turfway Park race meets ■ Retail sports betting began September 7, 2023 Newport Racing & Gaming ■Located in Newport, Kentucky ■ $37 million total investment including $6 million expansion in November 2021 Supports purse funding for Turfway Park race meets ■ Retail sports betting began September 7, 2023 HRM capacity approval to date 2,500 'Reflects total investment for completed project and inclusive of $46 million purchase price 2 Reflects total investment for completed project 3 Based on the pari-mutuel wagering data from the Kentucky Horse Racing Commission 4 Based on average of 842 operational HRMs for twelve months ended December 31, 2023; can expand up to 1,200 HRMS 5 Based on average of 459 operational HRMS for twelve months ended December 31, 34 2023 for Newport TURFWAY Park RACING & GAMING NEWPORT RAGING & GAMING 'Total investment of $200 million, inclusive of $46 million purchase price and $6 million Tapeta track CHURCHILL DOWNS INCORPORATED

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