A businessman, he had been a racing enthusiast since the day his father brought him to see the first running of the Kentucky Derby in 1875. In 1902, Matt Winn was operating as a merchant tailor. He was asked by one of his clients, William E. Applegate, (who, at that time, owned over eighty percent of the New Louisville Jockey Club) to become involved in the reorganization and management of Churchill Downs. Winn came on board as vice president to run the catering operation and summer entertainment and in 1914 he was listed as general manager of the new Louisville Jockey Club.[3] A skilled marketer, in his first year running the racetrack, his promotions for the event saw the business make its first-ever annual profit. A few years later, Winn was involved in changing the wagering from bookmaker betting to a Parimutuel betting system and in 1911 increased business substantially by reducing the wager ticket from $5 to $2.
Matt Winn used his understanding of marketing to weave an aura of romance around the Kentucky Derby. In 1915, he convinced the multimillionaire sportsman Harry Payne Whitney to ship his highly rated filly Regret from New Jersey to Louisville to compete in the Derby. Whitney agreed, and Winn's effort paid off with nationwide publicity surrounding the first filly to ever win the Derby. Winn called Regret's victory a turning point, and he worked to create an event of exotic grandeur that women soon flocked to, coming from both fashionable society and the ordinary working classes. Under Winn, the Kentucky Derby became the preeminent thoroughbred horse race in America and in recognition of his accomplishments, the Governor of Kentucky bestowed on him the honorary title of Kentucky Colonel. In 1937, Winn and the Derby made the cover of the May 10 issue of Time magazine.
In 1944, Colonel Winn collaborated with Frank G. Menke to publish Down The Stretch: The Story of Col. Matt J. Winn.
He died in Louisville on October 6, 1949. He is buried in his family plot in St. Louis Cemetery, 1215 Barret Avenue, Louisville.[4] The Matt Winn Stakes for three-year-olds held each May at Churchill Downs was named in his honor.
^LaBree, Ben, ed. (1916). Press Reference Book of Prominent Kentuckians. Louisville, Kentucky: The Standard Printing Company. p. 123. Retrieved December 23, 2021 – via Internet Archive.
^Thomas, Samuel W. (1995). Churchill Downs: A Documentary History of America's Most Legendary Race Track. Louisville, Kentucky: Kentucky Derby Museum. p. 8. ISBN0-9617103-2-2.