• Churchill Downs average price to free cash flow ratio for 2023 was 59.95, a 221.62% increase from 2022.
• Churchill Downs average price to free cash flow ratio for 2022 was 18.64, a 94.64% increase from 2021.
• Churchill Downs average price to free cash flow ratio for 2021 was 347.52, a 3744.25% decline from 2020.

Price to free cash flow ratio can be defined as