Churchill Downs, Incorporated

Item 7.01. Regulation FD Disclosure. On August 27, 2025, Churchill Downs Incorporated (“CDI” or “the Company”) completed its previously-announced acquisition of 90% of the outstanding equity interests of PPE Casino Resorts NH Holdings, LLC in Salem, New Hampshire ("Casino Salem") for total consideration of $180 million in cash, subject to certain purchase price adjustments. A copy of the press release announcing the completion of the acquisition is furnished hereto as Exhibit 99.1. The information provided pursuant to this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated August 27, 2025 issued by Churchill Downs Incorporated. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)