Churchill Downs forecasts 2026 project capital spending of $160 million-$180 million

• Churchill Downs expects to announce sales of nine wholly owned regional gaming properties by year-end 2026.
• The properties slated for sale generate estimated annual adjusted EBITDA of $280 million to $300 million.
• Sale proceeds are expected to reduce bank covenant net leverage to 3.0 times or less, from 3.8 times at September 30.
• Proceeds will also fund selective racing investments and opportunistic share repurchases.
• The updated 2026 capital forecast calls for project spending of $160 million to $180 million; maintenance spending totals $90 million to $100 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDI - Churchill Downs Incorporated published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.