---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-22-000178"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T02:04:43.482671+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs acquires Exacta Systems for $250M cash; HHR platform expansion

## Summary
- Acquires Exacta Systems for $250M in cash; expected to close in 2023 subject to regulatory approvals.
- Funded with cash on hand and existing credit facility; treated as asset purchase for incremental tax benefits.
- Provides synergies with Colonial Downs Racetrack and Rosie's Gaming Emporium HRM facilities in Virginia.
- Exacta integrates HHR platform with leading manufacturers (AGS, IGT, Light & Wonder, Everi, Konami, Incredible Technologies).

## SEC filing metadata
- accession: 0000020212-22-000178
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021222000178/0000020212-22-000178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021222000178/chdn-20221219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-22-000178
- JSON: https://secwatch.observer/filing/0000020212-22-000178.json
- Plain text: https://secwatch.observer/filing/0000020212-22-000178.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.