LOUISIANA HBPA PARTNERS WITH FAIR GROUNDS TO RAISE FUNDS FOR RACE HORSE AFTERCARE

1751 Gentilly Blvd., New Orleans, LA 70119 www.fairgroundsracecourse.com

FOR IMMEDIATE RELEASE

Contact: Jason Boulet, 337-781-7565, [email protected]

LOUISIANA HBPA PARTNERS WITH FAIR GROUNDS

TO RAISE FUNDS FOR RACE HORSE AFTERCARE

Fair Grounds matching funds contributed by horse owners

NEW ORLEANS, LA (February 2, 2020) – The Louisiana Horsemen’s Benevolent and Protective Association (LAHBPA) and Fair Grounds Race Course & Slots (Fair Grounds) have united to partner in an initiative that will expand efforts made by parent company Churchill Downs, Inc. to financially support race horse aftercare.

For the entirety of the Fair Grounds’ 2019-2020 Thoroughbred racing season (Nov. 28 thru March 29), consenting Louisiana HBPA member owners have contributed $5 per starter to race horse aftercare. At the conclusion of the meet, the track will then match that dollar amount. Efforts made during the Fair Grounds’ 12th annual, ten-day summer Quarter Horse Race season resulted in a total race horse aftercare donation of $6,580.

Each year, thousands of racehorses are retired from racing. Many go directly on to second careers as stallions or broodmares while others are retired to organizations that work towards finding new homes and other types of second careers for retired racehorses. This fund-raising effort is geared toward financially supporting groups such as these.

“The Louisiana HBPA thanks Fair Grounds for matching our members’ donations to help with horse aftercare,” said Edwin Fenasci, executive director of the LAHBPA. “Our members care deeply for our equine athletes and want to help find a place for them after their racing career. The LAHBPA has provided financial grants to great charitable organizations like NTWO and New Vocations. Their efforts in Louisiana have been transformative and we look forward to their continued good work. Fair Grounds matching those funds is vital for the success of aftercare in Louisiana and shows their commitment to help this great effort.”

The NTWO works to place Thoroughbreds in the hands of sport horse trainers and owners. They pull from all available resources to be a comprehensive welfare organization that protects racing’s greatest asset, the horse, for the overall benefit of the sport.

New Vocations Racehorse Adoption Program was founded in 1992 to offer retiring racehorses a safe-haven, rehabilitation, and continued education through placement in experienced, caring homes. Their focus is on adoption versus retirement, believing that each horse deserves to have an individual home and purpose.

New Vocations currently has locations in five different states: Ohio, Kentucky, Pennsylvania, New York and Louisiana.

“Fair Grounds is proud to be a part of such a worthwhile and supportive funding mechanism that will add resources to assist retired racehorses” said Doug Shipley, president of Fair Grounds Race Course and Slots. “We look forward to working with all of our industry participants and organizations to continue to make a difference.”

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About Fair Grounds Race Course & Slots

Fair Grounds Race Course & Slots, one of the nation’s oldest racetracks, has been in operation since 1872. Located in New Orleans, LA, Fair Grounds is owned by Churchill Downs Incorporated (NASDAQ Global Select Market: CHDN); it also operates a slot-machine gaming facility and 13 off-track betting parlors throughout southeast Louisiana. The 148th Thoroughbred Racing Season – highlighted by the 107th running of the Louisiana Derby – will run from November 28, 2019 through March 29, 2020. More information can be found online at www.FairGroundsRaceCourse.com.

Information set forth in this press release contains various “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the “Act”) provides certain “safe harbor” provisions for forward-looking statements. All forward-looking statements made in this press release are made pursuant to the Act.

The reader is cautioned that such forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations, including the impact of natural and other disasters on our operations and our ability to obtain insurance recoveries in respect of such losses; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; legalization of online real money gaming and sports wagering in the United States, and our ability to capitalize on and predict such legalization; the number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; security breaches and other security risks related to our technology, personal information, source code and other proprietary information, including failure to comply with regulations and other legal obligations relating to receiving, processing, storing and using personal information; payment- related risks, such as chargebacks for fraudulent credit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; compliance with payment processing and payment transmission regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; the inability of our totalisator company, United Tote, to

maintain its processes accurately, keep its technology current or maintain its significant customers; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; declining popularity in horseracing; seasonal fluctuations in our horseracing business due to geographic concentration of our operations; increased competition in our casino business; changes in regulatory environment of our casino business; the cost and possibility for delay, cost overruns and other uncertainties associated with the development and expansion of casinos; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; impact of further legislation prohibiting tobacco smoking; geographic concentration of our casino business; changes in regulatory environment for our advanced deposit wagering, sports wagering, or online gaming businesses; increase in competition in the advanced deposit wagering, sports wagering, or online gaming businesses; inability to retain current customers or attract new customers to our advanced deposit wagering, sports wagering, or online gaming businesses; uncertainty and changes in the legal landscape relating to our advanced deposit wagering, sports wagering, or online gaming businesses; and failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment in our ability to offer advanced deposit wagering, sports wagering, or online gaming.

trictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations, including the impact of natural and other disasters on our operations and our ability to obtain insurance recoveries in respect of such losses; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; legalization of online real money gaming and sports wagering in the United States, and our ability to capitalize on and predict such legalization; the number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; security breaches and other security risks related to our technology, personal information, source code and other proprietary information, including failure to comply with regulations and other legal obligations relating to receiving, processing, storing and using personal information; payment- related risks, such as chargebacks for fraudulent credit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; compliance with payment processing and payment transmission regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; the inability of our totalisator company, United Tote, to