Churchill Downs Inc revenue by segment CHDN

Churchill Downs Inc splits its revenue into 4 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Live And Historical Racing at $1.4 billion, 48% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Revenue
3,005
2,926
2,734
2,462
1,810
1,597
1,054
1,330
1,009
—
—
Live And Historical Racing
—
1,395
+13.8%
share 47.7%
1,226
+17.0%
share 44.8%
1,047
+70.4%
share 42.5%
615
+50.2%
share 34.0%
409
+141.2%
share 25.6%
170
-38.7%
share 16.1%
277
share 20.8%
—
—
—
Gaming
—
1,043
+0.4%
share 35.6%
1,039
+7.3%
share 38.0%
969
+28.1%
share 39.3%
756
+8.7%
share 41.8%
695
+59.8%
share 43.5%
435
-36.7%
share 41.3%
687
share 51.7%
—
—
—
Wagering Services And Solutions
—
488
+4.0%
share 16.7%
470
+5.5%
share 17.2%
445
+1.9%
share 18.1%
436
share 24.1%
—
414
+40.2%
share 39.3%
296
share 22.2%
—
—
—
Product And Service Other
—
0
+0.0%
share 0.0%
0
-88.9%
share 0.0%
1
-69.0%
share 0.0%
3
-93.0%
share 0.2%
41
+19.4%
share 2.6%
35
-50.6%
share 3.3%
70
share 5.3%
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry
Services-Racing, Including Track Operation (SIC 7948)
Listed as
CHDN (Nasdaq)
Fiscal year ends
December 31
Incorporated in
KY
Headquarters
Louisville, KY
SEC filer status
Large accelerated filer
SEC CIK
20212

Source: SEC EDGAR filings. This is company-reported data, not investment advice.