Churchill Downs Inc (CHDN) company profile
Close on Nov 13, 2026Market cap $6.84BP/E 15.4Yield 0.44%
About Churchill Downs
Services-Racing, Including Track Operation, SIC 7948
Churchill Downs Incorporated operates racing, online wagering, and regional gaming entertainment properties. The company organizes its business into three reportable segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. Its operations encompass live and historical pari-mutuel thoroughbred and harness racing, casino gaming featuring slot machines and table games, and retail sportsbooks. Additionally, the company delivers online horse race wagering through advance deposit wagering platforms, manufactures and runs pari-mutuel wagering systems, and supplies central determinant technology for historical racing machines. Its customer base includes racetrack patrons, casino visitors, horse racing bettors, commercial racing partners, and corporate event sponsors.
The company is headquartered in Louisville, Kentucky. Its footprint includes Churchill Downs Racetrack alongside historical racing venues and casino gaming resorts located across multiple states, including Kentucky, Virginia, New Hampshire, Florida, Indiana, Iowa, Louisiana, Maine, Maryland, Mississippi, New York, Pennsylvania, Illinois, and Ohio. In addition, its technology and wagering services support operations nationwide and select international markets.
Summary of the business section of Churchill Downs's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Churchill Downs Inc
- Founded
- 1875
- Headquarters
- Louisville, KY
- Address
- 600 N Hurstbourne Pkwy, Ste 400 40222-5389
- Phone
- 15023941166
- Website
- twinspires.com
- Employees
- 9,000, Dec 31, 2025
- Industry
- Services-Racing, Including Track Operation
- Incorporated in
- Kentucky
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Louisville, Kentucky
Stock & identifiers
- Ticker
- CHDN
- Exchange
- Nasdaq
- IPO date
- Mar 29, 1993
- Shares outstanding
- 69M, Oct 21, 2026
- Public float
- $6.69B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, May 22, 2023; 3-for-1, Jan 28, 2019; 2-for-1, Apr 15, 1998
- SEC CIK
- 20212
- CUSIP
- 171484108
- ISIN
- US1714841087
- FIGI
- BBG000BGXMG9
- Share class FIGI
- BBG001S67Z80
- LEI
- 529900FODTBQC8MIS994
- EIN
- 61-0156015
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Marcia A. Dall | EVP, and CFO | 153,843 |
| William E. Mudd | President and COO | 732,067 |
| Bradley K. Blackwell | EVP, General Counsel | 30,934 |
| William C. Carstanjen | Chief Executive Officer | 1,685,609 |
| Maureen Adams | EVP, Gaming Operations | 16,558 |
| Michael James Tucker | Director | 156,341 |
| Douglas C. Grissom | Director | 43,460 |
| Daniel P. Harrington | Director | 1,271,438 |
| Karole Lloyd | Director | 40,317 |
| Richard Alex Rankin | Director | 101,468 |
| Paul C. Varga | Director | 35,557 |
| Andrea M. Carter | Director | 7,958 |
| Ulysses L. Bridgeman Jr | Director | 51,771 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $19.17M | $13.05M | $4.26M | $119 | $105 |
| FY2024 | $15.10M | $20.42M | $4.15M | $139 | $109 |
| FY2023 | $12.21M | $27.98M | $3.92M | $140 | $96 |
| FY2022 | $12.09M | $7.80M | $3.85M | $109 | $70 |
| FY2021 | $13.76M | $43.16M | $4.49M | $124 | $97 |
| FY2020 | $10.49M | $40.03M | $3.30M | $142 | $119 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| William C. Carstanjen Chief Executive Officer | $1.80M | – | $11.44M | $5.76M | $166.13K | $19.17M | +27% |
| William E. Mudd President and Chief Operating Officer | $1.27M | – | $3.81M | $2.04M | $90.69K | $7.21M | +12% |
| Marcia A. Dall Executive Vice President and Chief Financial Officer | $944.09K | – | $2.19M | $1.34M | $76.35K | $4.55M | -1% |
| Bradley K. Blackwell Executive Vice President and General Counsel | $770.19K | – | $1.62M | $992.57K | $22.23K | $3.41M | +16% |
| Maureen Adams Former Executive Vice President, Gaming Operations | $659.35K | $550.00K | – | $615.10K | $32.93K | $1.86M | -28% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 9,000 team members, including approximately 6,600 that are full-time.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 1, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 9, 2018 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 16, 2014 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 16, 2010 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 2, 2010 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 24, 2009 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 17, 2008 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jun 12, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 29, 2005 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 10, 2004 | Late filing | Notification of late filing |
| Oct 20, 2004 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
See a number that looks wrong?