Ultimate Kentucky Derby Players Weekend Official Press Release


MOUNTAIN VIEW, Calif. (March 27, 2008) - TwinSpires.com, the official advance deposit wagering service for Churchill Downs Incorporated (NASDAQ: CHDN) is teaming with 11-time "World Series of Poker" champion Phil Hellmuth Jr. to deliver the "Ultimate Kentucky Derby Players Weekend."

Players who sign-up for TwinSpires.com by April 12 will be entered in a random drawing to win both a VIP trip for two to the 134th running of the $2 million-guaranteed Kentucky Derby Presented by Yum! Brands on Saturday, May 3 and a seat at Hellmuth's table at the "Kentucky Derby Poker Championship," a pro-celebrity poker charity event at Caesars Indiana that evening.

The Kentucky Derby Poker Championship, a $2,500 buy-in tournament hosted by Hellmuth and fellow professional poker player Robert Williamson III, will feature several other high profile celebrities and poker players who are scheduled to be in town for the Kentucky Derby. The Kentucky Derby Poker Championship will benefit the international Red Cross/Red Crescent Climate Centre, the Health and Climate Foundation, and the Robby Albarado Foundation, a new organization founded by jockey Robby Albarado that assists homeless and socially and economically disadvantaged residents in the Louisville, Ky. area.

The drawing for the winner of the "Ultimate Kentucky Derby Player's Weekend" will be conducted on Sunday, April 13. New members must sign-up for their TwinSpires.com accounts by April 12 to be eligible for the drawing. New account holders must use the promotion code TSPOKER to be included in the prize drawing.

"I'm really excited to be co-hosting this event which is not only associated with one of the great American traditions in the Kentucky Derby, but will also help call attention to the issue of climate change and other important concerns," said Hellmuth. "TwinSpires.com has put together a tremendous prize package and there is no doubt the winner is going to enjoy the ultimate Kentucky Derby experience."

"TwinSpires.com is thrilled to offer up this once-in-a-lifetime Kentucky Derby experience while also supporting such worthy causes," said Jeremy Clemons, TwinSpires.com's vice president of Marketing. "The combination of being a VIP guest at the world's greatest horse race before going head-to-head that evening with the one of the world's best poker players is an experience that is truly unique. We believe it will be attractive to both horseplayers who enjoy poker and poker players who are interested in learning more about horse racing."

Customers may open a TwinSpires account and wager through their TwinSpires accounts online at www.twinspires.com or via telephone by dialing 1-877-SPIRES-1 (1-877-774-7371). A $50 initial deposit is required to open a TwinSpires account, there is no minimum deposit amount after that. Customers may deposit funds into their TwinSpires accounts at any time via their phone, the TwinSpires Web site or postal mail. TwinSpires charges no fees to register, wager or to maintain an account, and it offers live video streaming of races and free race replays to all wagering customers.

TwinSpires.com (www.twinspires.com) is the official advance deposit wagering service for Churchill Downs Incorporated (NASDAQ: CHDN) and its family of racetracks, as well for the Kentucky Derby and Kentucky Oaks. TwinSpires.com is a wholly owned subsidiary of Churchill Downs Incorporated and offers wagering on races from Churchill Downs, Santa Anita, Gulfstream Park, Fair Grounds Race Course & Slots, Pimlico Race Course, Lone Star Park, Golden Gate Fields, Laurel Park and other popular racing venues. TwinSpires is headquartered in Mountain View, Calif., and operates a wagering hub in Oregon.

Churchill Downs Incorporated ("Churchill Downs"), headquartered in Louisville, Ky., owns and operates world-renowned horse racing venues throughout the United States. Churchill Downs' four racetracks in Florida, Illinois, Kentucky and Louisiana host many of North America's most prestigious races, including the Kentucky Derby and Kentucky Oaks, Arlington Million, Princess Rooney Handicap and Louisiana Derby. Churchill Downs racetracks have hosted seven Breeders' Cup World Championships. Churchill Downs also owns off-track betting facilities and has interests in various advance deposit wagering, television production, telecommunications and racing services companies, including a 50-percent interest in the national cable and satellite network HorseRacing TVTM, that support the Company's network of simulcasting and racing operations. Churchill Downs trades on the NASDAQ Global Select Market under the symbol CHDN and can be found on the Internet at www.churchilldownsincorporated.com.