Churchill Downs Board approves 2-for-1 stock split; trading begins May 22

On April 25, 2023, Churchill Downs Incorporated (the “Company”) filed an amendment (the “Amendment”) to the Company’s Amended and Restated Articles of Incorporation with the Secretary of State of the Commonwealth of Kentucky to effect a two-for-one split (the “Stock Split”) of the shares of the Company’s common stock, no par value (“Common Stock”), which was approved at the Company's regularly scheduled Board of Directors meeting on April 25, 2023. Pursuant to the Amendment, which becomes effective at the close of business on May 19, 2023 (the “Effective Date”), the Company’s authorized shares of common stock increase from 150,000,000 to 300,000,000 shares.