Operating Leases

12 Months Ended

Dec. 31, 2017

OPERATING LEASES

Future minimum operating lease payments on non-cancelable leases are as follows, not including the variable portion of contingent leases (in millions):



Years Ended December 31,

2018	$	5.2
2019	4.3
2020	3.8
2021	3.4
2022	1.9
Thereafter	3.2
Total	$	21.8

We also lease totalisator equipment, audio/visual equipment and operate certain facilities that are partially contingent on handle revenue, bandwidth usage or race days. Total annual rent expense for contingent lease payments, including totalisator equipment, audio/visual equipment, land and facilities, was approximately $3.6 million in 2017, $3.4 million in 2016 and $3.5 million in 2015. Our total rent expense for all operating leases, including the contingent lease payments, was $18.3 million in 2017, $18.9 million in 2016, and $19.7 million in 2015.

In 2002, as part of financing improvements to the Churchill Downs facility, we transferred title of the Churchill Downs facility to the City of Louisville, Kentucky and leased back the facility. Subject to the terms of the lease, we can re-acquire the facility at any time for $1.00.