EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

Subsidiary	State/Jurisdiction of Incorporation/Organization
Churchill Downs Management Company	Kentucky
Calder Race Course, Inc.	Florida
Tropical Park, Inc.	Florida
Churchill Downs California Company D/b/a Hollywood Park	Kentucky
Churchill Downs California Fall Operating Company d/b/a Hollywood Park	Kentucky
Arlington Park Racecourse, LLC	Illinois
Anderson Park, Inc.	Indiana
Hoosier Park, L.P. (limited partnership)	Indiana
Ellis Park Race Course, Inc.	Kentucky
Churchill Downs Louisiana Horseracing Company, L.L.C. d/b/a Fair Grounds	Louisiana