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LOUISVILLE, Ky., June 18, 2026 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) ('CDI”, 'we”) announced today that we have has been notified by the State of Maryland of the State’s intention to exercise rights under Maryland Code Ann. Bus. Reg. §11-520(d) to acquire the intellectual property, including all trademarks and associated rights, of the Preakness Stakes and Black-Eyed Susan Stakes (the 'Preakness IP Rights”) from 1/ST Maryland LLC, an affiliate of 1/ST Racing, by matching the purchase price of CDI’s previously-announced agreement to acquire the Preakness IP Rights for $85 million.