On the Record · Churchill Downs
Churchill Downs acquisitions, on the record
The businesses Churchill Downs bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Ellis Park Racing & GamingWord for word“Ellis Park Racing & Gaming ("Ellis Park") is a racetrack and gaming facility venue with HRMs.” 10-K for 2023 | agreed acquisition | — | — |
Chasers Poker RoomWord for word“On September 2, 2022, the Company completed the acquisition of Chasers Poker Room ("Chasers") located in Salem, New Hampshire.” 10-K for 2023 | acquisition | On September 2, 2022 | — |
Exacta Systems, LLCWord for word“On August 22, 2023, the Company completed its previously announced acquisition of Exacta Systems, LLC ("Exacta Transaction").” 10-K for 2023 | acquisition | On August 22, 2023 | — |
Arlington property in Arlington Heights, Illinois (sold to the Chicago Bears)Word for word“On February 15, 2023, we closed on the sale of the Arlington property in Arlington Heights, Illinois.” 10-K for 2023 | divestiture | On February 15, 2023 | — |
Lady Luck Casino Nemacolin assetsWord for word“The Company completed the sale of substantially all its assets at Lady Luck for an immaterial amount.” 10-K for 2023 | divestiture | — | an immaterial amount |
Peninsula Pacific Entertainment LLC (P2E) assetsWord for word“On November 1, 2022, the Company completed the acquisition of substantially all the assets of P2E with a base purchase price of $2.75 billion ("P2E Transaction") subject to working capital and other purchase price adjustments.” 10-K for 2023 | acquisition | On November 1, 2022 | base purchase price of $2.75 billion |
49% of United Tote to NYRA Content Management Solutions, LLCWord for word“In April 2024, the Company completed the sale of 49% of United Tote, a wholly owned subsidiary of CDI, to NYRA Content Management Solutions, LLC ("NYRA"), a subsidiary of the New York Racing Association, Inc.” 10-K for 2024 | divestiture | April 2024 | — |
Peninsula Pacific Entertainment LLC (substantially all of the assets)Word for word“On November 1, 2022, the Company completed the acquisition of substantially all the ass ets of Peninsula Pacific Entertainment LLC (the "P2E Transaction") for a purchase consideration of $ 2,835.9 million, net of cash acquired.” 10-K for 2024 | acquisition | November 1, 2022 | $ 2,835.9 million, net of cash acquired |
New Hampshire Chasers Poker Room ("Chasers")Word for word“New Hampshire Chasers Poker Room ("Chasers") was acquired in 2022 and is in Salem, New Hampshire.” 10-K for 2024 | acquisition | 2022 | — |
Casino SalemWord for word“On August 27, 2025, the Company completed its acquisition of 90 % of the outstanding equity interests of Casino Salem (the "Salem Transaction") for a base purchase price of $ 180.0 million, and the transaction was treated as an asset acquisition because substantially all the value of the gross assets acquired was concentrated in the gaming rights.” 10-K for 2025 | acquisition | August 27, 2025 | $ 180.0 million |
ExactaWord for word“On August 22, 2023, the Company completed its acquisition of Exacta (the "Exacta Transaction") for purchase consideration of $ 248.2 million, net of cash acquired, consisting of a $ 241.3 million cash payment and $ 6.9 million of deferred payments, which were paid over two years .” 10-K for 2025 | acquisition | August 22, 2023 | $ 248.2 million |
49% of United ToteWord for word“In April 2024, the Company closed on the sale of 49% of the United Tote Company ("United Tote"), a wholly owned subsidiary of CDI, to NYRA Content Management Solutions, LLC ("NYRA"), a subsidiary of the New York Racing Association, Inc.” 10-K for 2025 | divestiture | April 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | $0 | — |
| 2017-12-31 | $24.2 million | $0 | $16.1 million |
| 2018-12-31 | −$13.1 million | $970.7 million | $20.4 million |
| 2019-12-31 | $206.6 million | $0 | $29.1 million |
| 2020-12-31 | $0 | $0 | — |
| 2021-12-31 | $0 | — | — |
| 2022-12-31 | $2.92 billion | — | $357 million |
| 2023-12-31 | $241.3 million | — | $177.1 million |
| 2024-12-31 | $0 | — | — |
| 2025-12-31 | $0 | — | — |
Deal filings since 2016
- 2026-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-02-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-02-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-12-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Churchill Downs’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.