This Kentucky Derby Stock Is Worth a Bet in 2024

Here’s why Churchill Downs is set to have its best year yet. Plus: What last night's Trump verdict means for investors... [Derby City Daily logo]( [Derby City Daily logo]( May 31, 2024 [This Kentucky Derby Stock Is Worth a Bet in 2024]( By Andy Swan 🚨 BREAKING: Trump Verdict Throws New Twist into an Already Shocking Presidential Election Story 🚨 Last night, Trump was found guilty on 34 felony charges related to his business dealings in New York... and as counterintuitive as it may sound, I believe this could hurt Biden’s chances at re-election. Stick around after this regularly scheduled issue of Derby City Daily for my full update on how the Trump verdict could potentially strengthen [the opportunities we’re targeting right here](. The 150th Kentucky Derby was a milestone year – and not just because the iconic horse race hit a century-and-a-half. Viewership exploded 33% year over year: An average of 16.7 million viewers tuned in for “The Most Exciting Two Minutes in Sports” on Saturday, May 4, 2024, breaking a 35-year record. The race outperformed the Masters, World Series, and the [NCAA Basketball Championship](. Total money wagered hit a record $320 million: That’s a significant 11% increase from 2023’s previous record. Prize winnings also hit a new high of $5 million, topping [last year’s]( pot by $2 million. I'm no stranger to The Derby myself. I’ve been celebrating Derby Week at Churchill Downs, the namesake track of Churchill Downs Inc. (CHDN), since the ‘90s (seriously). The historic venue has undergone significant upgrades, with renovations to suites, dining, and most recently, the Paddock horse viewing area, which I’ve had the pleasure of experiencing first-hand. Today, Churchill Downs is much more than just a legendary horse-racing track. It’s a formidable competitor in the lucrative [sports betting]( arena. SPONSORED AD [Elon’s Election REVENGE on Biden]( I believe Elon Musk is set to launch a [massive act of REVENGE]( against President Joe Biden as soon as July 18th. It has nothing to do with AI... self-driving cars... rocket ships... or any other inventions that Elon gets press about. Instead, I believe that Elon will usher in an [unexpected outcome in the 2024 presidential race](. [Click here]( CHDN’s Growth Strategies On and Offline The Kentucky Derby is still the defining event for Churchill Downs. You saw how much money is up for grabs with this one event. And the horse betting market is growing at an impressive clip. Allied Market Research projects the global market value to reach $91.2 billion by 2032 at a compound annual growth rate (CAGR) of 7.6%. CHDN keeps those profits rolling all year round through TwinSpires, its online horse wagering platform, where players can place wagers on local and international races straight from their mobile devices. Its 2023 acquisition of Exacta Systems, a provider of historical horse racing technologies, boosted vertical integration across state markets. TwinSpires also has agreements with fellow online betting platforms [FanDuel (FLUT) and DraftKings (DKNG)]( to tap into their large consumer bases. TwinSpires brought in $458 million in revenue for Churchill Downs in 2023 and is off to a strong start in 2024. In the first quarter, revenues were up 18% year over year to $114 million, while adjusted EBITDA surged an impressive 35% year over year to $40 million for this segment. CHDN’s avenues for growth extend into traditional casino gaming, too, giving it a more diverse revenue stream than the online-only betting players like DKNG. The company owns 43 properties throughout the U.S., 29 of which are commercial casinos. Source: ir.churchilldownsincorporated.com Its newest location, The Rose Gaming Resort, opens later this year in Northern Virginia. 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But it came out of the gate strong in 2024, with first-quarter earnings gaining a solid 5.5% from last year's Q1. CHDN’s continued projects, investments, and dividends signal that the company is confident in its position. U.S. gross gaming revenue (GGR) is expected to rise. This market grew 10% in 2023, setting an all-time high for the third year in a row – and will serve as a tailwind for CHDN going forward. Bottom line: With a large stake in commercial casinos, ownership of the irreplaceable asset that is the Kentucky Derby and access to online consumers through the TwinSpires platform, CHDN is well positioned to ride these growing industries. We see no signs of slowing down. -------------------------------------------------- NEW DEVELOPMENTS IN THE 2024 PRESIDENTIAL PLOT TWIST How Trump’s Guilty Verdict Could Play to Our Advantage Earlier this week, I let you in on a [stranger-than-fiction election story]( playing out in real time: Tension between the Biden administration and Elon Musk is reaching a fever pitch, and I believe Elon could wield his platform and influence to cost current President Joe Biden (D) re-election. [I lay out the proof in this bombshell video](. To be clear, I did not think that former President Donald Trump (R) would be found guilty in the "hush money" show trial. But now that he has been found guilty by the Manhattan jury, I believe Trump will become a sympathetic figure and near-martyr to a huge portion of the population who believe the prosecution itself was clearly politically motivated. This shift in popular perception will likely allow powerful people such as [Elon Musk]( Bill Ackman, and many others to shift from "concerned about Biden" to now being vocal and passionate in their support for Trump. No matter where you stand, LikeFolio’s social media machine puts us in an incredibly unique position to stay ahead of the election fallout. [Go here now]( and I'll show you the five steps you can take right now to come out on top, no matter how this situation plays out. You’ll want to hurry, too. Because this story is developing faster than I can even type this message to you... Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Founder, LikeFolio Discover More Free Insights from Derby City Daily Here's what you may have missed from Derby City Daily this week... ✓ [The Man Who Sent NVDA to $1,100 Could Sway the Election]( ✓ [Could Wingstop Be the Next Victim of Fast-Casual’s Fall?]( ✓ [These Are the Hidden Opportunities in AI, EVs, and Crypto]( Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [The Infinite Income Manifesto]( [25 Doomed Blue Chip Stocks]( [5 Unapologetically Profitable Stocks for 2024]( © 2024 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](