Question · Q3 2025
Barry Jonathan Jonas asked about the ROI targets for the Victory Run project, the timeline for achieving those targets, and any lessons learned from the introduction of the Starting Gate Pavilion at Derby 151 that could be applied.
Answer
CEO Bill Carstanjen stated that the company targets a 20% unlevered IRR for such projects, with a focus on achieving this by year three, allowing time for trial and word-of-mouth adoption.