Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that the Company’s Board of Directors approved a $500 million share repurchase program. The new share repurchase program replaces the prior $500 million program that was authorized in September 2021 and had unused authorization of $125.

The board of directors of Churchill Downs approved a new $500 million share buyback program, the company said Wednesday. It will replace a prior plan of the same size authorized in September 2021 that had $125.6 million remaining. The new program doesn't include any unspent money from the previous buyback plan.

Churchill Downs (CHDN) announced that the company’s Board of Directors approved a $500M share repurchase program. The new share repurchase program replaces the prior $500M program that was authorized in September 2021 and had unused authorization of $125.