Unlike the 150th Kentucky Derby (G1), where the winner Mystik Dan has tongue Sierra Leone by latest profit, no photo needed to determine whether Churchill Downs Inc.’s business profile. is a winner or a loser. Records were set for betting on the Kentucky Derby, all-day betting and weekday betting.
Following the conclusion of the May 4 tournament, Louisville, Ky.-based CDI. reported strong results for Kentucky Derby week, which was a huge boost for the gambling company’s racing division. The company credits improvements at the track — including a new $200 million paddock and all premium seating — for supporting those gains.
All betting sources on the May 4 Kentucky Derby card at Churchill Downs reached 320.5 million USD, an increase of 11% compared to the previous record of 288.7 million USD.
Total betting for this year’s 20-horse Derby is $210.7 million, up 11% from last year’s record of $188.7 million for that 18-horse race. The handle usually increases with larger fields.
The week’s derby reached a record of $446.6 million, up 8% from last year’s previous record of $412 million. Total handle from all sources was $395.8 million, up 9% from the previous record of $363.6 million reported last year for both the Kentucky Oaks (G1) and Derby days. The Oaks set a record despite intermittent showers in the afternoon and poor driving.
The number of spectators on Derby Day was 156,710, an increase of 4.2% compared to last year’s 150,335. The record of 170,513 was set in 2015.
Churchill also reported that its pre-deposit betting service TwinSpires.com took in $92.1 million in bets on Churchill Downs races for the Derby Day program, up 22% from last year’s record is $75.5 million. The Derby’s haul of $60.9 million for TwinSpires was a record, up 25% from last year’s record of $48.9 million.
With two horses in the race from Japan, the total bet from Japan is $10.1 million, surpassing the previous record of $8.3 million from 2022. Youth forever finished third and TO password finished fifth.
The company said in a statement that, as in previous years, Derby’s growth continued to improve the company’s pre-tax earnings and other factors.
“The Kentucky Derby is a testament to the enduring spirit of sportsmanship, unity and the strength of tradition,” CDI CEO Bill Carstanjen said in a statement. “We are honored to unveil our transformative new driving range as we celebrate the 150th anniversary of the Run of the Roses. The new driving range has fundamentally enhanced the experience of all our guests when They come through our front gate and are a stepping stone to the next chapter of our lives.” this long-standing event. … As we reflect on our 150 years of history, we remain committed to innovating new experiences for Derby fans.”
The company said it expects Derby week adjusted earnings to post record growth of $26-28 million compared to the previous record set last year when it added $14-16 million above the record. 2022 continent.
