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Investor Presentaiton

Historical Racing Machines Historical Racing Machine Overview In Virginia, Colonial Downs is the only entity eligible to operate HRMs in the state and is permitted to operate HRMS at up to 10 "satellite facilities" with a statewide limit of 5,000 HRMS ■ Seven facilities acquired in the P2E transaction currently with ~2,750 HRMS ■ Purse contributions from HRM facilities support horse racing at Colonial Downs and the agricultural industry in Virginia In New Hampshire, each of the existing 14 charitable gaming operators is allowed to offer HRMS at its facility and may relocate its facility within its current city of operation ■New Hampshire is the first state to allow the combination of HRMS and table games at facilities ■ A portion of gross gaming revenue is donated to local charities In Louisiana, each racing license operator is allowed to offer up to 50 HRMs at each of its OTBs ■ CDI currently has ~500 HRMs at 13 of its Fair Grounds OTBs' ■ Purse contributions from HRM revenue support horse racing at Fair Grounds and the horse racing industry in Louisiana Future expansion opportunities exist in other states 29 Results of HRMS at Fair Grounds OTBs are reported in the Gaming segment CHURCHILL DOWNS INCORPORATED
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