kentucky derby future bet
These renovations led to a resurgence of the track and helped attract the Breeders' Cup Championship. Churchill Downs has responded by successfully hosting four of the top five attendance totals for the event: a record 80,452 in 1998; 71,671 in 1994, second; 71,237 in 1988, third; and 66,204 in 1991, fifth.
Under Meeker's leadership, and through the direction of former Chairman Warner L. Jones, Jr., 1984 to 1992, and current Chairman William S. Farish, the track has experienced impressive growth in all areas.
Combined Kentucky Derby Day wagering, on-track and national, has increased from $26,805,205 in 1985 to $88,941,006 in 1998. Churchill Downs has become a leader in simulcast wagering as both a host site and receiver. As a receiver, the $15 million Sports Spectrum, a state-of-the-art wagering center located seven miles from the track and constructed in 1992, has proved a national leader. The success in these areas has helped fuel Churchill Downs horsemen's purses, which have risen from a daily average of $187,363 during the 1990 Spring Meet to a record $469,643 during the 1999 season. Fall Meet purses have also grown to a daily average of $378,058.
A key to the future success of Churchill Downs Incorporated rests upon the Company's potential for development and expansion. Headed by its most aggressive development effort since the days of the American Turf Association in the 1920s-1930s, the Churchill Downs Management Company, a wholly owned subsidiary of Churchill Downs Incorporated, opened Hoosier Park at Anderson in September 1994. The dual Standardbred and Thoroughbred track, located in Anderson, Ind., approximately 40 miles northeast of Indianapolis, serves as Indiana's first pari-mutuel racetrack and Churchill's first out-of-state racing site since 1937. Under the Hoosier Park license, the Company also operates off-track betting facilities in Merrillville, Fort Wayne and Indianapolis, Ind.
In December 1997, Churchill Downs Incorporated formed the wholly owned subsidiary Churchill Downs Investment Company (CDIC), which oversees the Company's industry-related investments. In recent years, the Company has continued its aggressive growth cycle. In April 1998, the Company finalized the purchase of Ellis Park in Henderson, Ky., and Kentucky Horse Center in Lexington, Ky., for $22 million. In January 1999, the Company purchased a majority interest in Charlson Broadcast Technologies, LLC. The venture was developed as a means to provide simulcast graphic software and video services to racetracks and off-track betting facilities.
In April 1999, the Company completed a $86 million purchase of Calder Race Course in Miami. The acquisition of Hollywood Park followed in September 1999. In 2000, Churchill Downs Incorporated completed the acquisition of Arlington International outside of Chicago, adding another entitity to the Churchill Downs Incorporated network of racetracks.
Churchill Downs Incorporated's success has been achieved through a corporate strategy based on strengthening its racing program and the Kentucky Derby, increasing the track's share of the national simulcast market, and the geographic expansion of its racing operations. This commitment to quality racing has made the Company one of the premier racing centers in North America.
1980 -- A 15-year program of physical improvements, amounting to more than $10 million, nears completion. The improvements include new Skye Terraces, press box, jockey quarters, 12 new barns, fire-resistant tack rooms, sprinkling systems in all barns, recreation building, restroom facilities and steel, fireproof stairways in the grandstand and clubhouse.
1981 -- The board of directors votes to build a new turf course inside the present infield. The track and James Graham Brown Foundation form the Kentucky Derby Museum Corporation for construction of a new $7 million museum.
1982 -- The board of directors votes unanimously to extend the 55-day Spring Meet to 93 days, ending Labor Day, in an effort to improve the quality of racing.
1983 -- Pat Day finishes a brilliant year by burying old records with 169 winners in the Spring meet and 54 in the Fall meet. On five occassions he rides five winners in a single day.
1984 -- Warner L. Jones Jr. is named chairman and appoints Tom Meeker as president. Under this leadership, the track develops an aggressive marketing strategy headed by a five-year renovation program. First widespread simulcast of Kentucky Derby is a success, setting a North American record for wagering on a single race - $18,941,933 handled on site and at 24 other tracks. Pat Day breaks a 77-year-old mark by riding 7 winners in 8 races on June 20. Track has its first Sunday racing on Nov. 4, when a crowd of 8,971 weathers showers and cool temperatures to wager $1,167,593.
1985 -- Track begins an ambitious multi-million-dollar capital improvement program in February, with a Phase I pre-Derby project. Phase II begins shortly before the end of the Spring Meet. On April 27, the new $7.5 million Kentucky Derby Museum is formally opened on the grounds with a fund-raising, black-tie gala attended by 700. Twilight racing - a nine-race card beginning at 3:30 p.m. (EDT) on weekdays - is inaugurated May 7, with 9,343 present who wager $1,153,148.
1986 -- Completion of the paddock balcony and $2.6 million paddock/ toteboard complex finalizes Phase III of President Tom Meeker's five-year capital improvement plan, with more than $13 million spent in the first two years. The track is formally placed on the register of National Historic Landmarks by the Department of the Interior at ceremonies dedicating the paddock/toteboard complex in the fall.
1987 - Churchill Downs opens a private membership Turf Club located in the area that was formerly Dining Room B. A million-dollar Pick Six pool, built up during the Fall Meet, ends on November 14 as three perfect tickets each return $396,958.60. That day, a crowd of 28,396 is in attendance and more than 1,000 cars are ushered to the infield to alleviate the parking burden. On November 1, opening day of the Fall Meet, a larger-than-life sized statue of Aristides, winner of the first Kentucky Derby, is dedicated in the clubhouse garden.
1988 - Churchill Downs establishes records in attendance and wagering for the Spring and Fall meets, to complete a string of nine consecutive record meets. Winning Colors becomes only the third filly in racing history to capture the Kentucky Derby. The Fall is highlighted by the $10 million Breeders' Cup Day races, witnessed by a record 71,237 fans on November 25. The Fall Meet also sees the advent of intertrack wagering (ITW), in which Churchill races are simulcast at in-state tracks.
1989 - The track celebrates the 100th running of the Fall Meet. Don Brumfield, the track's all-time leading rider in terms of races won (925), retires from racing. The infield is opened for the first time in Oaks history. The year also marks the first time Churchill Downs has received the entire seven-race simulcast of the Breeders' Cup; the introduction of the "DreamStakes," a Kentucky Lottery game based on the results of the Kentucky Derby; and the selection of Churchill Downs as the host site for the 1991 Breeders' Cup.
1990 - Renovation highlights include a new numeric seating configuration for the entire 51,500 seat complex. Pat Day becomes the track's all-time leading rider in career wins, surpassing Don Brumfield on May 3, with his 926th Churchill victory. On November 22, Day scores the 5,000th win of his career, piloting Screen Porspect to victory in the Falls City Handicap.
1991 - The return of the Breeders' Cup highlights the year with third-largest crowd in Cup history, 66,204. Churchill President Tom Meeker is installed for a two-year-term as president of Thoroughbred Racing Associations (TRA). The Kentucky Oaks provides its sixth consecutive record crowd (73,785), as Lite Light streaks to a 10-length victory in the stakes record time of 1:48 4/5 and becomes the first filly to wear a garland of lilies. In June, the Board of Directors approves a 10 for 1 stock split which is initiated on August 15.
1992 - The Sports Spectrum, Churchill Downs' $15 million, state-of-the-art intertrack wagering and sports viewing facility, located on the site of the old Louisville Downs harness track, opens November 29. Warner L. Jones, Jr., the 76-year-old chairman of the board of Churchill Downs, announces in May that he will not seek re-election to the office. Jones served on the track's board since 1941 and as chairman since 1984. William S. Farish succeeds Jones as chairman in June. The Derby is televised for the first time ever to Russia through the Russian State Television and Radio Company.
1993 - Breeders' Cup Limited announces that the $10 million championship will return to Churchill Downs on November 5, 1994, giving Churchill the distinction of becoming the first racetrack to host the event three times. Churchill Downs mangement pursue development projects in several key areas throughout the year including the pursuit of a license to build a racetrack in Virginia Beach, Virginia. Churchill becomes involved in the development of Hoosier Park in Anderson, Indiana, and off-track betting operations in that state, as well as with a strategic alliance with the Promus Companies to persue riverboat gaming opportunities in southern Indiana. Pick Six mania sweeps over Churchill Downs during the Spring and Fall race meets. On Saturday, June 12, three separate Kentucky Pick Six records are established -- largest carryover pool ($750,068), one-day wagering record ($1,060,892) and largest combined pool ($1,609,390). On closing day of the Fall Meet, Novemebr 27, a record single-ticket payoff and the second largest Pick Six payoff in Churchill history are recorded when one lucky patron earns $351,941.
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