• Churchill Downs average net profit margin for 2023 was 19%, a 21.33% decline from 2022.
• Churchill Downs average net profit margin for 2022 was 24.15%, a 128.91% decline from 2021.
• Churchill Downs average net profit margin for 2021 was 10.55%, a 301.34% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.