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Kentucky Derby sets all-time wagering records across the board

8 May 2022

(PRESS RELEASE) -- Churchill Downs Incorporated announced today that an exuberant crowd of 147,294 Derby fans at Churchill Downs Racetrack witnessed the second-biggest long shot ever to win the Kentucky Derby as Rich Strike claimed an unexpected victory at the 148th running of the Kentucky Derby presented by Woodford Reserve at 80-1 odds.

CDI also announced that wagering from all-sources was the highest all-time on the Kentucky Derby race, the Kentucky Derby Day program and Kentucky Derby Week races.

Wagering from all-sources on the Kentucky Derby Day program totaled $273.8 million, a 17% increase over 2021 and up 9% from the previous record in 2019 of $250.9 million. Wagering from all-sources on the Kentucky Derby race totaled $179.0 million, up 15% over 2021 and up 8% from the previous record of $166.5 million set in 2019. This year’s wagering record includes $8.3 million of handle wagered in Japan.

Rich Strike, owned by Richard Dawson’s RED TR-Racing and bred in Kentucky by Calumet Farm rallied to win by 3/4 of a length. Trained by Eric Reed and ridden by Sonny Leon, Rich Strike covered the mile and a quarter in 2:02.61 over a fast track and produced an upset second only to Donerail’s triumph at 91-1 in 1913.

BUSINESS COMMENTARY
“We are deeply grateful to all of the fans of the Kentucky Derby around the world who once again made this an amazing and memorable experience,” said Bill Carstanjen, CEO of CDI. “We expect the Kentucky Derby Week Adjusted EBITDA to reflect another record with $7 to $9 million of growth over the prior record in 2019.”

TWINSPIRES
TwinSpires, the official betting partner of the Kentucky Derby, handled $67.4 million in wagering on Churchill Downs races for the Kentucky Derby Day program, an increase of 8% over the previous record in 2021. TwinSpires’ handle on the Kentucky Derby race was $44 million, up 8% over last year’s record.

DERBY WEEK
All-sources handle for Derby Week rose to a new record of $391.8 million, up 25% from 2021 and up 14% from the previous record of $343.0 million set in 2019.
 
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