Churchill Downs returns to profit as revenue grows 51.1% in 2021
| By Marese O'Hagan
Churchill Downs Incorporated (CDI) reported net revenue of $1.59bn (£1.19bn/€1.43bn) for its 2021 financial year ended 31 December, helped by consistent year-on-year increases in every sector.
This was an increase of 51.1% compared to the net revenue reported in 2020.
Gaming made up $695.4m, a rise of 59.7% year-on-year. CDI’s TwinSpires online product recorded $431.7m in revenue, up 4.1%. Live and historical racing revenue rose 141.2% to $409.1m while all other revenue topped $61m, almost double the year prior.