{"id":61,"date":"2024-06-12T11:56:47","date_gmt":"2024-06-12T08:56:47","guid":{"rendered":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/churchill-downs-incorporated-reports-record-breaking-q1-2022-earnings\/"},"modified":"2024-06-13T12:05:00","modified_gmt":"2024-06-13T09:05:00","slug":"churchill-downs-incorporated-reports-record-breaking-q1-2022-earnings","status":"publish","type":"post","link":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/12\/churchill-downs-incorporated-reports-record-breaking-q1-2022-earnings\/","title":{"rendered":"Churchill Downs Incorporated Reports Record-Breaking Q1 2022 Earnings"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/eLNnH1-K59Q\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Churchill Downs Incorporated (CDI) reported unprecedented net earnings of $364.1 million during the initial quarter of 2022, signifying a jump of almost $40 million contrasted with the corresponding timeframe last year. <\/p>\n<p>The Louisville-headquartered racing and wagering enterprise experienced a robust commencement to 2022, with substantial expansion across both its wagering and live and historical equine racing divisions. <\/p>\n<p>Wagering yielded nearly $1.8 billion in net earnings, a rise of over $25 million year-over-year, while live and historical racing contributed $87.2 million, up from $64.7 million in the first quarter of 2021. <\/p>\n<p>CDI recognized that specific limitations on attendance in effect at numerous venues during the first quarter of 2021 were no longer relevant, rendering the year-on-year results of its land-based wagering operations even more remarkable. Live and historical racing also profited from the removal of operational limitations. <\/p>\n<p>&#8220;Oak Grove and Derby City Gaming&#8217;s outcomes demonstrate the favorable influence from the elimination of operational limitations implemented in the first quarter of 2021, as well as the sustained comprehensive growth of the enterprise,&#8221; CDI stated regarding its live and historical racing divisions.<\/p>\n<p>Regarding its land-based wagering, Churchill appended: &#8220;Net earnings in the first quarter of 2022 escalated $25.2 million, principally due to certain patron and betting volume limitations in place at Oxford, Calder, and Presque Isle during the preceding year no longer being active.&#8221;<\/p>\n<p>Modified EBITDA for CDI&#8217;s wagering and live and historical racing segments amounted to $91.1 million and $27 million, correspondingly. <\/p>\n<p>Churchill Downs Incorporated announced unprecedented adjusted earnings before interest, taxes, depreciation, and amortization of $128.5 million for the initial quarter of 2022, coupled with all-time high net income of $42.1 million. This remarkable outcome transpired despite a minor decrease in income from their TwinSpires digital wagering platform. Although TwinSpires generated $101.4 million in Q1 2022 versus $105 million in the corresponding timeframe last year, its earnings before interest, taxes, depreciation, and amortization actually rose, climbing from roughly $23 million to $24 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Churchill Downs Incorporated (CDI) reported unprecedented net earnings of $364.1 million during the initial quarter of 2022, signifying a jump of almost $40 million contrasted with the corresponding timeframe last year. The Louisville-headquartered racing and wagering enterprise experienced a robust commencement to 2022, with substantial expansion across both its wagering and live and historical equine [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Churchill Downs Inc. Reports Record Earnings in 2022<\/title>\n<meta name=\"description\" content=\"Churchill Downs, the racing and wagering giant, announces record-breaking net earnings of $364.1 million in Q1 2022, a significant jump from the previous year. 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