Authentic Claims the Garland of Roses in a Historic 146th Kentucky Derby Presented by Woodford Reserve

Authentic Claims the Garland of Roses in a Historic 146th Kentucky Derby Presented by Woodford Reserve

September 5, 2020 Off By administrator

LOUISVILLE, Ky., Sept. 05, 2020 (GLOBE NEWSWIRE) — A historic Kentucky Derby saw Authentic claim the Garland of Roses in what was the first time the race had ever occurred on Labor Day weekend.

Authentic, owned by Spendthrift Farm, LLC, Myracehorse.com, Madaket Stables, and Starlight Racing and bred in Kentucky by Peter E. Blum Thoroughbreds, led from the start, held off a challenge through the stretch from Tiz The Law and drew away to a 1 1/4 length victory. Trainer Bob Baffert secured his sixth Kentucky Derby win, tying the all-time record and jockey John Velazquez won the Kentucky Derby for the third time.

We are grateful to our fans and our community for their support of the 146th Kentucky Oaks and Kentucky Derby,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “We look forward to seeing our loyal fans at next year’s 147th Kentucky Oaks and Kentucky Derby on the first weekend of May.”   

Wagering from all-sources on the Kentucky Derby Day program totaled $126.0 million compared to $250.9 million on the 2019 Kentucky Derby Day program. All-sources wagering on the Kentucky Derby race was $79.4 million compared to $165.5 million from last year’s Derby race. The decline in handle for this year’s Derby Day program is attributable to the lack of on-track wagering, fewer horses per race including in the Kentucky Derby race, and a prohibitive favorite in the Derby race.

Although it is difficult to compare the financial performance to prior years, we are pleased with the profitability of the spectator-less 2020 Derby Week.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. We also own and operate the largest online horse racing wagering platform in the U.S., TwinSpires.com, and we operate sports betting and iGaming through our BetAmerica platform in multiple states. We are a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.com. 

Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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 or similar expressions (or negative versions of such words or expressions). 

Although we believe that the expectations reflected in such forward-looking statements are reasonable,…

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