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Record $179 Million Bet On Kentucky Derby

CDI's Handle Grows 8% Year-Over-Year

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Churchill Downs Incorporated announced Monday that a crowd of 147,294 Derby fans at Churchill Downs Racetrack witnessed the second-biggest long shot ever to win the Kentucky Derby.

Wagering from all CDI sources on the Kentucky Derby race totaled $179 million, up 15% over 2021 and up 8% from the previous record of $166.5 million set in 2019. The handle from this year included $8.3 million wagered in Japan.

Online gambling handle through CDI’s betting app was $44 million, up 8% over last year.

Wagering from all sources on the Kentucky Derby Day program totaled $273.8 million, a 17% increase over 2021 and up 9% from the previous record in 2019 of $250.9 million.

Rich Strike won the Derby at 80-1 odds, the second biggest upset in the history of the race. Donerail’s win at 91-1 in 1913 remains the record.

“We are deeply grateful to all of the fans of the Kentucky Derby around the world who once again made this an amazing and memorable experience,” said Bill Carstanjen, CEO of CDI. “We expect the Kentucky Derby Week Adjusted EBITDA to reflect another record with $7 to $9 million of growth over the prior record in 2019.”