Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, for $123.75 million. The shares will be repurchased from an affiliate of The Duchossois Group, Inc. at a price of $123.75 per share.

The Stock Repurchase Agreement is expected to close on January 2, 2024.