Double Jay (horse) on November 2. His performances that year earned him American Champion Two-Year-Old Colt honors. Racing at age three, Double Jay was one of the early favorites for the Kentucky Derby, the first leg of the U.S. Triple Crown series. However, he finished third in an allowance race in April at Churchill Downs and then was fifth in a six-horse field in the Derby Trial Stakes behind winner, Faultless and as a result, was sent off as a long-shot in the Derby. After finishing a distant twelfth in the Derby's thirteen-horse field he did not run in the Preakness and Belmont
Churchill Downs Incorporated served as the new holding company for Churchill Downs and six other tracks. From 1929 through 1942, the holding company started to reduce the number of tracks. By 1937, there were only three tracks left. In January 1937, Churchill Downs joined with Latonia in Northern Kentucky to create Churchill Downs-Latonia Incorporated. In 1942, Churchill Downs separated from Latonia and officially changed its name to Churchill Downs Incorporated. After simulcasting became commonplace in the early 1990s, the racetrack decided to expand its holdings and move into the simulcasting industry. In 1991, Churchill Downs bought the struggling Louisville Downs harness track, which