Churchill Downs Incorporated (CHDN)
Racetracks, historical racing venues and casinos. Read October 19, 2026 from the annual report for the period ending December 31, 2025, filed February 25, 2026. Ranked 95 of the 184 Consumer Cyclical companies read so far, by the share within reach now.
Within reach now
19%
End of 2028
29%
Employees, annual report
9,000
Leading staffing pattern
Gambling Industries
Share of the working time within reach, long-run pace, four times in five
- Now19%
- End of 202726%
- End of 202829%
- End of 203029%
What changes for its people by the end of 2028, by its industries' figures
- Stays with people 71%
- Becomes checking a model's work 21%
- Handed over with lighter checks 7%
A racing and gaming company whose filing states 9,000 team members with 6,600 full-time and nothing by property, so its gambling venues lead by description with the racetracks and casino hotels beside them.
The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.
What follows from the reading
Share of working time within reach of AI, on the long-run pace at four in five: 19% now, 26% at the end of 2027, 29% at the end of 2028, 29% at the end of 2030. By the patterns, the work is about 29% desk work, 21% people work and 50% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 71% of the working time stays with people (conversation, in-person and hands-on work), 21% becomes checking a model's work and 7% could be handed over with lighter checks, from the industries' own figures, not the company's roles.
Headcount
9,000 employees as of December 31, 2025 (stated). The filing describes only U.S. racetracks, historical racing venues, wagering and casino properties, so the U.S. share is recorded as 1 with a flag; no count by country is stated.
The filing: “As of December 31, 2025, we had approximately 9,000 team members, including approximately 6,600 that are full-time.”
The workforce as industry patterns
| Pattern | Share | Reason, from the filing |
|---|---|---|
| Gambling Industries | 45% | By description (c): the filing describes historical racing machine venues, regional casinos without hotels and the TwinSpires and Exacta wagering businesses (historical racing 33%, gaming 34% of revenue), with no count by property or segment, so gambling industries leads. |
| Spectator Sports | 30% | By description (c): the filing describes its racetracks, Churchill Downs with its Kentucky Derby, Fair Grounds, Turfway and others, whose live racing operations and seasonal Derby workers are racetrack work (NAICS 711212), with no count stated. |
| Traveler Accommodation | 25% | By description (c): the filing describes casino properties with hotels in its Gaming segment, read at traveler accommodation as the site reads casino resorts, with no count stated. |
What the filing says about the workforce: Approximately 9,000 team members as of December 31, 2025, approximately 6,600 full-time (the rest part-time, about 27%); seasonal employees primarily in the second quarter around the Kentucky Derby; approximately 840 full-time team members covered by 11 collective bargaining agreements.
Companies read with the same leading pattern
Other companies whose largest staffing pattern is also Gambling Industries, largest first, each read from its own annual report. Within reach now and at the end of 2028, long-run pace, four in five.
- Flutter Entertainment plc (FLUT, 28,518 employees)21% now, 39% by 2028
What the filing says about AI
2 sentences in the filing name AI. The filing names AI as a competitive risk, competitors may adopt artificial intelligence and machine learning to pursue new products more quickly, and says the rapid adoption of AI technologies may intensify its cybersecurity risks.
- “The Company's competitors may adopt new technologies and technological 18 advancements, such as using artificial intelligence and machine learning, to pursue new products, services and approaches more quickly, successfully, and effectively than the Company.”
- “Moreover, the rapid evolution and increased adoption of artificial intelligence technologies may intensify our cybersecurity risks.”
Its annual reports, year by year
Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector
- Fiscal 20210median 0
- Fiscal 20220median 0
- Fiscal 20231median 1
- Fiscal 20242median 4
- Fiscal 20252median 10
Headcount by filing year
As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.
| Period | Employees | Filed | Filing |
|---|---|---|---|
| 2025-12-31 | 9,000 | 2026-02-25 | 10-K |
| 2024-12-31 | 8,870 | 2025-02-20 | 10-K |
| 2023-12-31 | 5,660 | 2024-02-21 | 10-K |
| 2022-12-31 | 5,500 | 2023-02-22 | 10-K |
| 2021-12-31 | 3,800 | 2022-02-23 | 10-K |
| 2020-12-31 | 4,000 | 2021-02-24 | 10-K |
| 2019-12-31 | 5,500 | 2020-02-26 | 10-K |
| 2018-12-31 | 4,100 | 2019-02-27 | 10-K |
| 2017-12-31 | 4,300 | 2018-02-28 | 10-K |
| 2016-12-31 | 4,000 | 2017-02-28 | 10-K |
| 2015-12-31 | 4,530 | 2016-02-24 | 10-K |
| 2014-12-31 | 4,825 | 2015-02-25 | 10-K |
| 2013-12-31 | 2,600 | 2014-02-26 | 10-K |
| 2012-12-31 | 2,300 | 2013-02-27 | 10-K |
| 2011-12-31 | 2,000 | 2012-03-12 | 10-K |
| 2010-12-31 | 2,000 | 2011-03-14 | 10-K |
| 2009-12-31 | 1,300 | 2010-03-02 | 10-K |
| 2008-12-31 | 1,000 | 2009-03-04 | 10-K |
| 2007-12-31 | 1,000 | 2008-03-13 | 10-K |
| 2006-12-31 | 1,100 | 2007-03-12 | 10-K |
| 2005-12-31 | 1,350 | 2006-03-15 | 10-K |
| 2004-12-31 | 1,500 | 2005-03-16 | 10-K |
| 2003-12-31 | 1,300 | 2004-03-15 | 10-K |
| 2002-12-31 | 1,300 | 2003-03-19 | 10-K |
| 2001-12-31 | 1,500 | 2002-03-15 | 10-K |
| 2000-12-31 | 1,500 | 2001-03-19 | 10-K |
| 1999-12-31 | 3,300 | 2000-03-16 | 10-K |
| 1998-12-31 | 500 | 1999-03-31 | 10-K |
| 1997-12-31 | 325 | 1998-03-31 | 10-K |
| 1996-12-31 | 600 | 1997-03-27 | 10-K |
| 1995-12-31 | 500 | 1996-03-29 | 10-K |
Limits of this reading
- No count by property or segment: the split among gambling venues, racetracks and casino hotels is by description (c).
- The U.S. share is recorded as 1 because the filing describes only U.S. properties; it states no count by country.
Source: the company's annual report on EDGAR, accession 0000020212-26-000025, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.
The report on Churchill Downs Incorporated, $29
This page as a document to keep, with what it does not show: the share within reach at every date on three paces and two reliabilities, a typical workforce of this shape at the stated headcount role by role and task by task (the industries' staffing, never the company's roster), where to start, what changes for the people and what they would learn, every sentence in the filing that names AI, the headcount by year, the companies read with the same leading pattern, the method and a citation line. To print or save as a PDF, open again in your browser for a year.
See the report, $29See the sample first: Walmart's report is free
Questions about this company
- How much of Churchill Downs Incorporated's working time is within reach of AI?
- An estimated 19% now and 29% by the end of 2028, on METR's long-run pace at four in five, from the workforce Churchill Downs Incorporated's own annual report describes and BLS staffing patterns for its industries, never from a roster. It is an estimate with a stated method. It is not a forecast of jobs lost or of savings, and it says nothing about what the company will do.
- How many people does Churchill Downs Incorporated employ?
- 9,000 as of December 31, 2025, as its annual report for the period ending December 31, 2025 states. About 100% in the U.S.
- What kinds of work make up Churchill Downs Incorporated's workforce?
- Read from its annual report as a blend of 3 industry staffing patterns, the largest Gambling Industries; by those patterns the work is about 29% desk work, 21% people work and 50% body work. Each share has a one-sentence reason on this page that can be checked against the filing.
- What does Churchill Downs Incorporated's annual report say about AI?
- 2 sentences in the filing name AI. Its annual reports for fiscal 2021 to 2025 name it in 0, 0, 1, 2 and 2 sentences, year by year. They are counted and quoted on this page, never judged: a count says how much a filing talks about AI, not what the company does with it.
- How is this estimated?
- Claude Fable 5.1 read the annual report under the Index's written rubric (version 1) on October 19, 2026: the stated headcount, the share in the U.S. when stated, and the workforce as a blend of industry staffing patterns. The estimates are the site's industry estimates weighted by those shares, from O*NET tasks with estimated lengths and METR's measurements of how long a task AI models can finish. A company can write to info@stratussc.com to have its reading checked against its filing.
Embed these figures on your site
A small card with the share of working time within reach now and at the end of 2027, 2028 and 2030, the date and a link back. Free under CC BY 4.0; the card carries the credit.