Churchill Downs Incorporated’s 2009 First-Quarter Conference Call Announcement

Churchill Downs Incorporated ("Company”)(NASDAQ: CHDN) will release 2009 first-quarter results at 4:30 p.m. EDT on Wednesday, May 6, 2009, and host a related conference call to discuss the results on Thursday, May 7, 2009, at 9 a.m. EDT.

Investors and other interested parties may listen to the teleconference by accessing the online, real-time webcast and broadcast of the call at www.churchilldownsincorporated.com or www.earnings.com, or by dialing (866) 804-6920 and entering the pass code 68349677 at least 10 minutes before the appointed time. The online replay will be available at approximately noon EDT and continue for two weeks. A two-week telephonic replay will be available one hour after the call ends by dialing (888) 286-8010 and entering 22275169 when prompted for the access code.

A copy of the Company’s news release announcing quarterly results and relevant financial and statistical information about the period will be accessible at www.churchilldownsincorporated.com.

Churchill Downs Incorporated ("Churchill Downs”), headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. Churchill Downs’ four racetracks in Florida, Illinois, Kentucky and Louisiana host many of North America’s most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million, Princess Rooney Handicap and Louisiana Derby. Churchill Downs racetracks have hosted seven Breeders’ Cup World Championships. Churchill Downs also owns off-track betting facilities and has interests in various advance-deposit wagering, television production, telecommunications and racing services companies, including a 50-percent interest in the national cable and satellite network HorseRacing TV™, that support the Company’s network of simulcasting and racing operations. Churchill Downs trades on the Nasdaq Global Select Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.