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.
![Churchill Downs Incorporated raise funds](https://igamingbusiness.com/img-srv/OEUcUMu60aXGYQHmKPRV30RoFooaKJ9na-hAI8OcuNA/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8xMC9jaHVyY2hpbGwtZG93bnMtMS0xLmpwZw.webp)
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.