 LOUISVILLE, Ky., Sept. 29, 2021 GLOBE NEWSWIRE -- Churchill Downs Incorporated CDI or Company Nasdaq: CHDN announced today that the Companys Board of Directors approved a 500 million share repurchase program. The new share repurchase program replaces the prior 300 million program that was authorized in October 2018 and had unused authorization of 97.9 million as of September 29, 2021. The new share repurchase program includes and is not in addition to any unspent amount remaining under the prior authorization. Share repurchases may be made at managements discretion from time to time in the open market either with or without a 10b5-1 plan or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time. 