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 was closed and converted to a satellite wagering and training facility. In 1994, Churchill Downs began to expand its holdings, with plans to partner with a new racetrack in Indiana. The plan resulted in the purchase of Hoosier Park from businessman Louis Carlo. In 1998, CDI purchased Ellis Park Racecourse in Henderson, Kentucky. In 1999, the company acquired Calder Race Course and Hollywood Park Racetrack from Pinnacle Entertainment In 2000, CDI merged with Arlington Park and the eight OTB's owned by Arlington. In 2004, Churchill Downs Incorporated finalized the purchase of Fair Grounds Race Course. In April 2002, Churchill Downs