Churchill Downs Incorporated announced today approval from the Calvert City Planning and Zoning Board to develop Marshall Yards Racing & Gaming. CDI’s eighth historical horse racing entertainment venue in Kentucky is expected to open in early 2026. It will be located on an approximately 4.5-acre site at the intersection of I-69 and I-24 in Calvert City. Marshall Yards will feature up to 240 state-of-the-art historical racing machines (“HRMs”), a sports bar, a retail sportsbook, simulcast wagering, and food and beverage offerings. The projected investment for the development is $40 to $50 million and will operate as an annex of Oak Grove Racing, Gaming & Hotel.
Calvert City Mayor Gene Colburn expressed excitement about the project, stating: “Calvert City is thrilled to welcome Churchill Downs to our community. This project is a testament to our city’s strategic location at the crossroads of two major interstates, making us an ideal destination for economic growth and innovation. Churchill Downs represents a cornerstone of Kentucky’s rich heritage, and having this iconic brand invest in Calvert City is both an honor and an incredible opportunity. We look forward to the exciting development and opportunities this will bring to our region.”
Kevin Spraggs, Marshall County Judge Executive, shared: “This project represents a remarkable step forward for our community, bringing with it a wealth of economic opportunities that will benefit Marshall County for generations to come. The jobs created, the increased tax revenue, and the growth in local businesses will have a far-reaching impact, helping to fund vital services like education, infrastructure,e and public safety. Beyond the immediate benefits, this development will put our community on the map as a destination for visitors and investors, opening new avenues for growth and innovation. I’m excited about the future we are building for Marshall County together, and I look forward to seeing how this partnership will strengthen and energize the entire region. The opportunities are limitless.”
“We are proud to announce this investment in Calvert City,” said Bill Carstanjen, CEO of CDI. “In addition to delivering a premier gaming and entertainment experience, this project will deliver $45 million in annual regional economic impact and create 250 construction jobs and 90 permanent jobs.”
“The opening of Churchill Downs’ historical racing gaming venue in Calvert City is a transformative moment for our community,” said Elizabeth Griffith Mudd, President, of Kentucky Lake Economic Development. “Our local economy stands to benefit from increased business/tourism activity, new job opportunities, and a strengthened tax base, all of which will help drive sustained growth and prosperity in our region. We appreciate Churchill Downs’ investment in our community and are thrilled to welcome them as a new corporate citizen to Marshall County.”
About Marshall Yards Racing & Gaming
As an annex to Oak Grove Racing, Gaming & Hotel, Marshall Yards will extend the unmatched perks, rewards, and entertainment offerings that guests have come to love. Guests can join the club at Oak Grove today to start earning exclusive benefits and status, which will carry over to Marshall Yards upon opening. Stay connected with the latest updates, sneak peeks, and news about Marshall Yards by following on social media by clicking HERE.
About Churchill Downs Incorporated
Churchill Downs Incorporated has been creating extraordinary entertainment experiences for over 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business, and the operation and development of regional casino gaming properties. www.churchilldownsincorporated.com
Press Contact
Tonya Abeln
Vice President of Corporate Communications
Churchill Downs Incorporated
Email: Tonya.abeln@kyderby.com
Phone: 502-636-4506
