CDI announces a strategic partnership with SBTech to utilize their integrated technology platform

LOUISVILLE, Ky., May 17, 2018 — Churchill Downs Incorporated (“CDI”) (Nasdaq:CHDN) today announced its entry into real money online gaming (“iGaming”) and sports betting markets. It also announced a strategic partnership agreement with SBTech to utilize their integrated technology platform for CDI’s iGaming and sports betting operations. SBTech will provide CDI with an iGaming platform, consisting of the consumer website, mobile apps, and back office systems to manage iGaming and sports wagering, where permitted, pursuant to which CDI may offer branded products separate from TwinSpires.com to its iGaming and sports betting customers.

The strategic partnership with SBTech initially is intended to enable CDI to enter New Jersey and Pennsylvania, which have already approved iGaming and sports betting. In addition, the strategic partnership will enable CDI to enter Mississippi for sports wagering. CDI and SBTech’s entry into these states is subject to gaming license approvals and finalization of iGaming and sports betting regulations.

– In New Jersey, CDI has announced an agreement with Golden Nugget to enter the New Jersey iGaming and sports betting markets.