Churchill Downs CEO on what to expect for Kentucky Derby 2022 and beyond
The fanfare surrounding the Kentucky Derby at Churchill Downs Racetrack is legendary. The company that owns the iconic horse racing complex is betting big on keeping it that way.
The CEO of Churchill Downs expects record attendance for the Kentucky Derby. Many general admission guests wait until the day of the event to buy tickets.
TwinSpires Horse Racing business was down compared to last year. Online betting business at Churchill Downs is up 68 percent in the first quarter of 2022.
Churchill Downs Racetrack is undergoing renovations. The Homestretch Club is the first phase of the project. Second phase is replacing lower priced temporary seating with premium covered seating overlooking the turn of racetracks. Third phase will be a $185-$200 million redevelopment of Paddock area. It's expected to debut for the 150th Kentucky Derby in May of 2024. "When we are done with this project, we will have transformed Churchill Downs raceway"
