Skip to content
Screener

Churchill Downs CHDN Gaming — Pari-Mutuel Taxes and Purses

Similar metrics at other companies

Caesars Entertainment, Inc. logo
CZRManaged And Branded — Gaming Taxes
$0
FLL
FLLWest — Gaming Taxes And Other
$1.8M+19.6%
Westwood Holdings Group logo
WHGMutual Fund Administration And Distribution
$1.08M+13.1%
Caesars Entertainment, Inc. logo
CZRRegional — Gaming Taxes
$338M+5.6%
PENN Entertainment, Inc. logo
PENNInteractive — Gaming taxes
$230.9M+25.1%
PENN Entertainment, Inc. logo
PENNMidwest — Gaming taxes
$85.8M+8.9%

Other financials

Income statement

See full
Revenue$980.0M+4.9%
Operating income$357.0M+8.9%
Net income$241.0M+11.1%
EPS (diluted)$3.42+14.4%

Balance sheet

See full
Cash & equivalents$295.0M+3.3%
Total debt$2.3B+18.9%
Total equity$1.3B+28.7%
Total assets$7.5B+2.0%

Cash flow

See full
Operating cash flow$217.0M-9.8%
CapEx$19.0M+0.5%
Free cash flow$198.0M-10.6%

Valuation

See full
Market cap$6.06B-15.6%
Enterprise value$8.05B-8.7%
P/E14.7×-2.0×
P/S-0.5×

Profitability

See full
Operating margin24.1%-1.2pp
Net margin13.8%-1.4pp
FCF margin24%-1.0pp

Returns & leverage

See full
Return on equity34.7%-6.9pp
Debt / equity1.7×-0.1×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept chdn:PariMutuelTaxesAndPurses.

The source filing: Churchill Downs’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000020212-26-000059
(in millions)Live and Historical RacingWagering Services and SolutionsGaming
Revenues$575$178$270
Pari-mutuel taxes and purses(119)(8)(7)
Gaming taxes(2)(1)(81)
Marketing and advertising(16)(6)(8)
Salaries and benefits(38)(9)(41)
Content expense(1)(78)(2)
Selling, general and administrative expense(14)(4)(12)
Maintenance, insurance and utilities(13)(3)(9)

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's gaming — pari-mutuel taxes and purses?
Churchill Downs (CHDN) reported gaming — pari-mutuel taxes and purses of $7M in Q2 2026.
How has Churchill Downs's gaming — pari-mutuel taxes and purses changed year-over-year?
Churchill Downs's gaming — pari-mutuel taxes and purses decreased by 6.7% year-over-year, from $7.5M to $7M.
What is the long-term trend for Churchill Downs's gaming — pari-mutuel taxes and purses?
Over 3 years (2022 to 2025), Churchill Downs's gaming — pari-mutuel taxes and purses has grown at a -0.2% compound annual growth rate (CAGR), from $36.4M to $36.2M.
What does gaming — pari-mutuel taxes and purses mean?
Represents the mandatory payments made to regulatory bodies and horse racing industry stakeholders based on pari-mutuel wagering activity. These costs are directly tied to the volume of racing-related betting and are essential for maintaining legal compliance and industry partnerships.

Ask your AI about Churchill Downs's gaming — pari-mutuel taxes and purses.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude