Investor Presentaiton

Historical Racing Machines Oak Grove Racing, Gaming & Hotel OAK GROVE Annex RACING GAMING HOTEL Opened Total investment Sep. 2020 $200' ($ millions) Proximity to major market ~55 mi. to Nashville Retail sports Sept. 2023 betting Future Organic Growth Opportunity Win/Unit/Day2 $3423 Located off of Hwy 24 on the KY / TN border ■ ~55 miles from Nashville, Tennessee (MSA pop. ~1.3 million) ■ Across the street from Fort Campbell, the second largest military base in the U.S. (MSA pop. ~200,000) ■ ~|| miles from Clarksville, Tennessee (MSA pop. ~150,000) Facility includes: ■ Harness racetrack opened Oct. 2019 ■ HRM facility opened Sept. 2020 ■ 128-room hotel with event center and dining areas opened October 2020 ■ 3,000 person capacity amphitheater, RV park, and equestrian center opened late spring 2021 ■ Retail sports betting began September 7, 2023 HRMS 1,230 HRM capacity approval to date T Reflects total investment for completed project 1,500 2 Based on the pari-mutuel wagering data from the Kentucky Horse Racing Commission 3 Based on average of 1,227 operational HRMS for twelve months ended December 31, 2023 33 CHURCHILL DOWNS INCORPORATED

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