In a remarkable year for Churchill Downs Inc., the company has reported unprecedented financial success. The Louisville-based corporation saw its revenue climb to $2.7 billion, marking an 11% increase compared to the previous year. Adjusted earnings also surged by 13%, reaching $1.2 billion. A significant contributor to this growth was the Kentucky Derby, which set new records across all sources of income and adjusted earnings during Derby week. Additionally, the expansion into new gaming operations, particularly in Virginia, played a crucial role in bolstering the company's overall performance.

The rise in revenue from live and historical racing activities was substantial, totaling $1.3 billion. Among these figures, Derby week alone generated $57.2 million. This sector saw an impressive boost in adjusted earnings, increasing by $99.2 million to reach $574.6 million. The success can be attributed to both the popularity of the races and strategic enhancements in operations.

Gaming operations were another key driver of the company's success. Revenue from this segment increased by $70.8 million, reaching $1.0 billion for the year. Notably, the opening of a casino in Terre Haute, Indiana, contributed significantly with $96.6 million in revenue. However, this growth was somewhat tempered by challenges faced at other properties. Factors such as adverse weather conditions, regional gaming market softness, and heightened competition led to some declines. Moreover, the decision not to renew the management agreement for the Lady Luck casino in Farmington, Pennsylvania, resulted in a $10.2 million decrease in revenue.

Despite these hurdles, Churchill Downs Inc. managed to achieve record-breaking results. The combination of successful race events and strategic expansions into new markets has positioned the company strongly for future growth. As the company continues to innovate and adapt to changing market dynamics, it is well-prepared to maintain its upward trajectory in the coming years.