Rush Street

BETRIVERS SPORTSBOOK OPENS MARCH 9TH FOR FIRST LEGAL ILLINOIS SPORTS WAGER

News Release | Des Plaines, IL Posted on 03.05.20

BETRIVERS SPORTSBOOK OPENS MARCH 9TH FOR FIRST LEGAL ILLINOIS SPORTS WAGER
Rivers Casino Des Plaines Will Be State’s First Sportsbook in Time for March Madness

Des Plaines, IL (March 5, 2020) – The BetRivers Sportsbook will open for business Monday, March 9, at noon following a 10:00 a.m. opening ceremony at Rivers Casino, 3000 S. River Road in Des Plaines—the home of the first brick-and-mortar sportsbook to be approved by the Illinois Gaming Board, and becoming the first to accept a legal sports bet.

“The BetRivers Sportsbook will take March Madness out of the office pool and into an exciting, elevated live sports wagering experience,” said Corey Wise, Senior Vice President and General Manager of Rivers Casino. “We are grateful to the Illinois Gaming Board staff for their work approving our sportsbook in time for the college basketball tournament—one of the greatest sports events of the year.”

“Whether you are a seasoned sportsbook player or a casual sports fan interested in this new entertainment option, we’re dedicated to an environment where all customers will enjoy themselves in this great venue within our premier casino,” said Greg Carlin, CEO and co-founder of Rush Street Gaming, Rivers’ parent company.

The BetRivers Sportsbook features a 4,840 square foot state-of-the-art sports bar with a 47-foot-wide ultra HD LED video wall. There will be five betting windows in the Sportsbook and a total of 30 sportsbook kiosks in Rivers Casino Des Plaines. In addition to the video wall, fans can enjoy ten 86-inch and four 75-inch HD televisions placed throughout the lounge offering patrons a panoramic view of live sports events. A full-service island bar in the space offers seating for 32 and the Sportsbook also offers 26 bar-top video poker games, 29 leather lounge chairs and additional table seating options.

BetRivers will launch the BetRivers.com site and mobile app later this year. “BetRivers Sportsbook meets the high bar established by the team at Rivers Casino Des Plaines as one of the most successful and unique regional gaming destinations in the country,” said Bill Carstanjen, CEO of Churchill Downs Incorporated, the racing, online wagering and gaming entertainment company which co-owns Rivers.  “We’re excited to add this top-flight amenity to what is already a premier destination.”

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Responsible Gaming

Pending regulatory approval.

Not valid for any participant of the Illinois Gaming Board Statewide Voluntary Self-Exclusion Program.Must be 21 years of age or older. If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537).

About Rush Street Gaming

Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates, headquartered in Chicago, Illinois, have developed and operate successful casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago area) and Schenectady, New York. Rush Street Gaming and its affiliates has become one of the leading casino developers in the United States and operators of online casinos and sports books. Additional information at: www.rushstreetgaming.com

About Rivers Casino Des Plaines

Rivers Casino Des Plaines is the most successful casino in Illinois and jointly owned by Rush Street Gaming and Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN). CDI is an industry-leading racing, online wagering and gaming entertainment company anchored by its flagship event – The Kentucky Derby. The company owns and operates 10 regional gaming facilities in eight states, as well as Arlington
International Racecourse in Arlington Heights.

About Rush Street Interactive

Founded in 2012, Chicago-based Rush Street Interactive (RSI) launched its first betting site, PlaySugarHouse.com, in New Jersey in September 2016. The company subsequently made history by becoming the first operator in the United States to offer a fully integrated online sportsbook and casino. In addition, RSI was the first company to launch legal online sportsbooks both in Pennsylvania (PlaySugarHouse.com) and Indiana (BetRivers.com) as well as being the first to open a legal sportsbook in the state of New York (@ Rivers Casino in Schenectady). RSI also operates in-casino sportsbooks at Rivers Casinos in Pittsburgh & Philadelphia, and most recently, at the historic French Lick Resort in Indiana. BetRivers.com is also the exclusive official sportsbook partner for the Philadelphia Flyers & Wells Fargo Center. RSI was the first US-based gaming operator to launch a legal and regulated online sportsbook in Latin America (Rushbet.co in Colombia). Rush Street Interactive is also the developer and operator of a leading social gaming platform currently deployed at the group’s affiliated land-based casinos and selected third party partners. Rush Street Interactive was named “Mobile Operator of the Year” in North America at the EGR North America Awards 2019 and “American Operator of the Year” & “Casino Operator of the Year” at the American Gambling Awards in 2019. For more information, visit rushstreetinteractive.com.

About Churchill Downs Incorporated

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. We also own and operate the largest online horse racing wagering platform in the U.S., TwinSpires.com, and we operate sports betting and
iGaming through our BetAmerica platform in multiple states. We are also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this presentation are made pursuant to the Act. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online
security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in
integrating recent or future acquisitions into our operations; number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; our inability to utilize and provide totalisator services; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; changes in regulatory environment of our online horseracing business; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; continued legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; costs, delays, and other uncertainties relating to the development and expansion of casinos; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs