Dates set for Kentucky Derby Future Wager

Churchill Downs Racetrack has established dates for three wagering pools for
its Kentucky Derby Future Wager (KDFW) and a single pool for its Kentucky Oaks
Future Wager (KOFW) in 2013.

Scheduled dates for the trio of three-day, Friday-through-Sunday wagering
pools in the Kentucky Derby Future Wager are:

KDFW Pool 1: February 8-10 (12 weeks in advance of Derby)

KDFW Pool 2: March 1-3 (nine weeks in advance of Derby)

KDFW Pool 3: March 22-24 (six weeks in advance of Derby)

The Kentucky Oaks Future Wager Pool for 2013 will run concurrently to the
March 1-3 Derby Future pool.

The Kentucky Derby and Kentucky Oaks Future Wagers offer racing fans an
opportunity to wager on potential contenders well in advance of those races at
odds that could be significantly more attractive than those available on the
days on which the classic American races for three-year-old Thoroughbreds are
run. The $2 million guaranteed Kentucky Derby will be run for the 139th
consecutive year at Churchill Downs on Saturday, May 4. The $1 million Kentucky
Oaks, America’s premier race for three-year-old fillies, will be run in its
traditional calendar location on Friday, May 3 — the eve of the “Run for the
Roses.”

Wagering on the Kentucky Derby and Oaks Future bets will be offered at
Churchill Downs and racetracks throughout North America; via
TwinSpires.com, the
official online wagering site of the Kentucky Derby and Churchill Downs
Incorporated, and other advance deposit wagering sites; and at simulcast centers
and off-track wagering sites.

The Kentucky Derby Future Wager, which was launched in 1999, will be offered
for the 15th consecutive year. The Kentucky Oaks Future Wager is entering its
11th year and for the fifth consecutive year as a single-pool wager. The future
bet for the Oaks was introduced in 2003.

The Kentucky Derby Future Wager is coming off one of its most successful
years as a combined $1,470,019 was wagered in its three 2012 pools. The 2012
betting total was the fourth largest in KDFW history and reflected a wagering
increase of 7.9 percent over the three-pool total of $1,362,101 in 2011. The
total was the largest since the wager shifted to its current three-day,
Friday-through-Sunday format in 2010. KDFW pools had been four-day events prior
to that change.

Kentucky Oaks fans wagered $92,476 during the three days of 2012 Kentucky
Oaks Future betting, which was the third-highest wagering total during the five
years that the Oaks wager was conducted in a three-day format.

Churchill Downs Racetrack made adjustments in the scheduling of the Derby and
Oaks Futures pools in 2012, establishing its pool schedules a week or two in
advance of most of the major preps for the big races at Churchill Downs. The
intent was to present KDFW and KOFW pools that were more true to the “future
wager” concept and completed before the preps viewed as most significant by fans
and Derby owners and trainers.

“We were very encouraged by the strength of our Kentucky Derby Future Wager
pools in 2012, and our 2013 Kentucky Derby and Oaks Future bet schedules were
formulated along those same lines,” Churchill Downs President Kevin Flanery
said. “We think and hope that there will be continued growth in interest in both
races as racing fans of all types and skill levels follow the new point systems
for the ‘Road to the Kentucky Derby’ and ‘Road to the Kentucky Oaks’ that will
for the first time determine which horses will compete in those races. We
believe that the curiosity about the new Derby and Oaks eligibility systems
could shine a brighter-than-usual spotlight on the preps leading up to both
races and both Future Wagers could benefit from growing fan interest and
expanded media coverage.”

Each pool of the Derby and Oaks wagers feature 24 wagering interests that
include 23 individual horses and a mutuel field, known by many fans as the “All
Others” bet. The KDFW mutuel field, listed as #24 on the roster of each pool’s
respective betting interests, features all three-year-olds other than the 23
individual Thoroughbreds in the pool. The “All Others” bet in the Oaks pool,
also listed as #24, features all three-year-old fillies other than the 23
individual horses on that pool’s betting roster.

Both wagers offer $2-minimum win betting and exacta wagering, which is
available in the form of $2 minimum straight exacta bets or $1-minimum exacta
boxes and part-wheels. No scratches or betting refunds are permitted in either
wager, but wagering on a Derby or Oaks Future Wager horse will be suspended
immediately if Churchill Downs determines that injury, illness or other
circumstance revealed during a pool would prevent a horse from competing in
their respective race.

The victory by Reddam Racing LLC’s I’ll Have Another in the 2012 Kentucky
Derby in KDFW $2 win payouts of $60.20 in Pool 1, $46.20 in Pool 2 and $45.60 in
the third and final pool. A $2 win wager on Kentucky Derby Day on I’ll Have
Another returned $32.60.

Exacta payouts on the I’ll Have Another-Bodemeister 1-2 finish returned
$306.60 on Derby Day, while the KDFW exacta returned $257.80 on Pool 1 (a 13-24
exacta in which Bodemeister was a member of the “All Others” mutuel field),
$1,661 in Pool 2 (12-3) and $1,351.40 in Pool 3 (10-2).

Brereton C. Jones’ homebred Believe You Can returned $29.60 for a $2 win bet
on the 2012 Kentucky Oaks and the exacta with runner-up Broadway’s Alibi (9-6)
paid $173. Believe You Can’s mutuel payout in the lone 2012 Kentucky Oaks Future
Wager pool was $74.80 and the 4-24 exacta combination with runner-up Broadway’s
Alibi (a member of the KOFW mutuel field) returned $378.40.

The fields for the three Kentucky Derby Future Wager pools and the single
Kentucky Oaks Futures pool will be selected by a panel of racing officials and
journalists. Information on the Kentucky Derby is available online at the
official event Web site at
www.KentuckyDerby.com
and real-time odds will be presented on that site throughout each 2013 three-day
pool. The Kentucky Oaks’ official event Web site is
www.KentuckyOaks.com.
Real time odds will be presented on that site throughout the 2013 KOFW pool.

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