Churchill Downs (CHDN) Revenue & Revenue Breakdown

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Churchill Downs Revenue Highlights

Latest Revenue (Y)

$2.73B

Latest Revenue (Q)

$683.00M

Main Segment (Y)

Gaming

Churchill Downs Revenue by Period

Churchill Downs Revenue by Year

Date	Revenue	Change
2024-12-31	$2.73B	11.07%
2023-12-31	$2.46B	36.02%
2022-12-31	$1.81B	13.31%
2021-12-31	$1.60B	51.54%
2020-12-31	$1.05B	-20.73%
2019-12-31	$1.33B	31.78%
2018-12-31	$1.01B	14.32%
2017-12-31	$882.60M	-32.55%
2016-12-31	$1.31B	7.94%
2015-12-31	$1.21B	49.13%
2014-12-31	$812.93M	4.31%
2013-12-31	$779.33M	6.41%
2012-12-31	$732.38M	5.10%
2011-12-31	$696.85M	19.05%
2010-12-31	$585.35M	33.12%
2009-12-31	$439.70M	2.12%
2008-12-31	$430.57M	4.83%
2007-12-31	$410.74M	9.04%
2006-12-31	$376.67M	-7.86%
2005-12-31	$408.80M	-11.73%
2004-12-31	$463.11M	9.16%
2003-12-31	$424.23M	-3.41%
2002-12-31	$439.19M	2.85%
2001-12-31	$427.04M	17.96%
2000-12-31	$362.02M	40.10%
1999-12-31	$258.40M	75.42%
1998-12-31	$147.30M	23.89%
1997-12-31	$118.90M	10.19%
1996-12-31	$107.90M	16.77%
1995-12-31	$92.40M	40.21%
1994-12-31	$65.90M	19.17%
1993-12-31	$55.30M	-

Churchill Downs generated $2.73B in revenue during NA 2024, up 11.07% compared to the previous quarter, and up 205.63% compared to the same period a year ago.

Churchill Downs Revenue by Quarter

Date	Revenue	Change
2025-09-30	$683.00M	-26.90%
2025-06-30	$934.40M	45.41%
2025-03-31	$642.60M	2.95%
2024-12-31	$624.20M	-0.68%
2024-09-30	$628.50M	-29.44%
2024-06-30	$890.70M	50.74%
2024-03-31	$590.90M	5.29%
2023-12-31	$561.20M	-1.97%
2023-09-30	$572.50M	-25.50%
2023-06-30	$768.50M	37.35%
2023-03-31	$559.50M	16.54%
2022-12-31	$480.10M	25.32%
2022-09-30	$383.10M	-34.23%
2022-06-30	$582.50M	59.98%
2022-03-31	$364.10M	-0.19%
2021-12-31	$364.80M	-7.18%
2021-09-30	$393.00M	-23.70%
2021-06-30	$515.10M	58.83%
2021-03-31	$324.30M	16.57%
2020-12-31	$278.20M	-17.64%
2020-09-30	$337.80M	82.50%
2020-06-30	$185.10M	-26.81%
2020-03-31	$252.90M	-9.87%
2019-12-31	$280.60M	-8.39%
2019-09-30	$306.30M	-35.84%
2019-06-30	$477.40M	79.88%
2019-03-31	$265.40M	21.19%
2018-12-31	$219.00M	-1.04%
2018-09-30	$221.30M	-41.67%
2018-06-30	$379.40M	100.42%
2018-03-31	$189.30M	5.81%
2017-12-31	$178.90M	-43.17%
2017-09-30	$314.80M	-30.34%
2017-06-30	$451.90M	61.68%
2017-03-31	$279.50M	0.43%
2016-12-31	$278.30M	-8.27%
2016-09-30	$303.40M	-30.81%
2016-06-30	$438.50M	52.05%
2016-03-31	$288.40M	5.88%
2015-12-31	$272.39M	-2.64%
2015-09-30	$279.76M	-31.64%
2015-06-30	$409.24M	63.10%
2015-03-31	$250.91M	49.08%
2014-12-31	$168.31M	-3.08%
2014-09-30	$173.66M	-42.81%
2014-06-30	$303.65M	81.49%
2014-03-31	$167.31M	3.38%
2013-12-31	$161.83M	-12.83%
2013-09-30	$185.65M	-34.58%
2013-06-30	$283.77M	91.64%
2013-03-31	$148.07M	-6.58%
2012-12-31	$158.49M	-3.87%
2012-09-30	$164.88M	-39.12%
2012-06-30	$270.82M	95.97%
2012-03-31	$138.20M	-7.42%
2011-12-31	$149.26M	-10.27%
2011-09-30	$166.35M	-33.38%
2011-06-30	$249.69M	89.80%
2011-03-31	$131.55M	-24.41%
2010-12-31	$174.04M	28.21%
2010-09-30	$135.74M	-32.30%
2010-06-30	$200.51M	167.17%
2010-03-31	$75.05M	-11.74%
2009-12-31	$85.03M	-15.72%
2009-09-30	$100.90M	-43.96%
2009-06-30	$180.04M	144.16%
2009-03-31	$73.74M	-14.20%
2008-12-31	$85.94M	-13.71%
2008-09-30	$99.60M	-44.45%
2008-06-30	$179.30M	172.82%
2008-03-31	$65.72M	-26.20%
2007-12-31	$89.06M	-

Churchill Downs generated $683.00M in revenue during Q3 2025, up -26.90% compared to the previous quarter, and up 76.68% compared to the same period a year ago.

Churchill Downs Revenue Breakdown

Churchill Downs Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Racing Event-Related Services	$194.60M	$152.30M	$131.60M	$76.70M	$24.70M
Gaming	$1.04B	$968.60M	$755.90M	$695.40M	$441.40M
Product and Service, Other	$292.00M	$241.30M	$152.90M	$61.00M	$61.50M
Pari-Mutuel, Live And Simulcast Racing	$469.90M	$468.20M	$462.30M	$502.60M	$475.10M
Pari-Mutuel, Historical Racing	$891.90M	$767.70M	$383.90M	$253.00M	$93.60M

Churchill Downs's latest annual revenue breakdown by segment (product or service), as of Dec 24: Gaming (35.99%), Pari-Mutuel, Historical Racing (30.89%), Pari-Mutuel, Live And Simulcast Racing (16.27%), Product and Service, Other (10.11%), and Racing Event-Related Services (6.74%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Pari-Mutuel, Historical Racing	$252.60M	$256.50M	$246.10M	$455.30M	$215.20M	$221.40M	$197.90M	$187.40M	$191.10M	$191.30M	$148.40M	$82.20M	$79.70M	$73.60M	$69.00M	$66.20M	$64.90M	$52.90M	$38.80M	$27.10M
Gaming	$265.00M	$266.00M	$263.20M	$495.20M	$269.70M	$274.20M	$228.40M	$244.30M	$245.90M	$250.00M	$210.90M	$183.40M	$184.30M	$177.30M	$172.10M	$185.30M	$186.00M	$152.00M	$121.70M	$134.80M
Racing Event-Related Services	$4.20M	$172.50M	$2.10M	$10.80M	$6.40M	$177.40M	$6.50M	$4.70M	$138.20M	$2.90M	$5.50M	$3.10M	$122.10M	$900.00K	$3.50M	$6.90M	$65.60M	$700.00K	$2.10M	$20.00M
Product and Service, Other	$79.70M	$89.40M	$71.50M	$133.90M	$72.20M	$85.90M	$61.20M	$61.60M	$67.70M	$50.80M	$43.90M	$34.60M	$46.00M	$28.40M	$7.80M	$26.20M	$17.60M	$9.40M	$27.40M	$16.30M
Pari-Mutuel, Live And Simulcast Racing	$108.10M	$183.20M	$102.00M	$196.70M	$102.90M	$170.30M	$97.90M	$107.40M	$160.90M	$102.00M	$95.50M	$96.40M	$170.40M	$100.00M	$103.30M	$112.30M	$175.10M	$111.90M	$110.50M	$146.90M

Churchill Downs's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Gaming (37.34%), Pari-Mutuel, Historical Racing (35.60%), Pari-Mutuel, Live And Simulcast Racing (15.23%), Product and Service, Other (11.23%), and Racing Event-Related Services (0.59%).

Churchill Downs Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TMHC	Taylor Morrison Home	$8.17B	$2.10B
URBN	Urban Outfitters	$5.55B	$1.50B
EAT	Brinker	$5.38B	$1.43B
BYD	Boyd Gaming	$3.93B	$1.03B
LNW	Light & Wonder	$3.19B	$774.00M
MTN	Vail Resorts	$2.96B	$1.14B
CHDN	Churchill Downs	$2.73B	$683.00M
SGHC	Super Group (SGHC)	$1.44B	$379.25M
WH	Wyndham Hotels & Resorts	$1.41B	$382.00M
RSI	Rush Street Interactive	$924.08M	$269.22M
GNTX	Gentex	$100.00K	$657.86M

CHDN Revenue FAQ

What is Churchill Downs’s yearly revenue?

Churchill Downs's yearly revenue for 2024 was $2.73B, representing an increase of 11.07% compared to 2023. The company's yearly revenue for 2023 was $2.46B, representing an increase of 36.02% compared to 2022. CHDN's yearly revenue for 2022 was $1.81B, representing an increase of 13.31% compared to 2021.

What is Churchill Downs’s quarterly revenue?

Churchill Downs's quarterly revenue for Q3 2025 was $683M, a -26.90% decrease from the previous quarter (Q2 2025), and a 8.67% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $934.4M, a 45.41% increase from the previous quarter (Q1 2025), and a 4.91% increase year-over-year (Q2 2024). CHDN's quarterly revenue for Q1 2025 was $642.6M, a 2.95% increase from the previous quarter (Q4 2024), and a 8.75% increase year-over-year (Q1 2024).

What is Churchill Downs’s revenue growth rate?

Churchill Downs's revenue growth rate for the last 3 years (2022-2024) was 51.08%, and for the last 5 years (2020-2024) was 159.42%.

What are Churchill Downs’s revenue streams?

Churchill Downs's revenue streams in c 24 are Racing Event-Related Services, Gaming, Product and Service, Other, Pari-Mutuel, Live And Simulcast Racing, and Pari-Mutuel, Historical Racing. Racing Event-Related Services generated $194.6M in revenue, accounting 6.74% of the company's total revenue, up 27.77% year-over-year. Gaming generated $1.04B in revenue, accounting 35.99% of the company's total revenue, up 7.28% year-over-year. Product and Service, Other generated $292M in revenue, accounting 10.11% of the company's total revenue, up 21.01% year-over-year. Pari-Mutuel, Live And Simulcast Racing generated $469.9M in revenue, accounting 16.27% of the company's total revenue, up 0.36% year-over-year. Pari-Mutuel, Historical Racing generated $891.9M in revenue, accounting 30.89% of the company's total revenue, up 16.18% year-over-year.

What is Churchill Downs’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Churchill Downs was Gaming. This segment made a revenue of $1.04B, representing 35.99% of the company's total revenue.