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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2018
 
2017
 
2018
 
2017
Net revenue from external customers:
 
 
 
 
 
 
 
Racing:
 
 
 
 
 
 
 
Churchill Downs
$
8.5

 
$
8.1

 
$
165.4

 
$
147.1

Arlington
23.7

 
25.0

 
49.7

 
51.5

Fair Grounds
4.8

 
5.0

 
26.8

 
27.5

Calder
0.6

 
0.7

 
1.9

 
1.9

Total Racing
37.6

 
38.8

 
243.8

 
228.0

TwinSpires
71.8

 
65.9

 
228.7

 
198.4

Casino:
 
 
 
 
 
 
 
Oxford Casino
28.9

 
25.2

 
79.3

 
69.2

Calder Casino
23.4

 
19.4

 
73.0

 
62.6

Riverwalk Casino
12.8

 
12.2

 
40.8

 
35.7

Harlow’s Casino
12.1

 
12.3

 
37.9

 
38.3

VSI
10.6

 
9.3

 
32.7

 
28.8

Fair Grounds Slots
9.1

 
8.7

 
28.9

 
27.7

Ocean Downs
8.1

 
—

 
8.1

 
—

Saratoga
—

 
0.4

 
0.6

 
1.0

Total Casino
105.0

 
87.5

 
301.3

 
263.3

Other Investments
6.9

 
4.7

 
16.2

 
14.0

Net revenue from external customers
$
221.3

 
$
196.9

 
$
790.0

 
$
703.7


 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2018
 
2017
 
2018
 
2017
Intercompany net revenue:
 
 
 
 
 
 
 
Racing:
 
 
 
 
 
 
 
Churchill Downs
$
1.0

 
$
0.9

 
$
10.7

 
$
9.6

Arlington
2.3

 
2.2

 
5.6

 
5.1

Fair Grounds
—

 
—

 
1.1

 
1.0

Calder
0.1

 
—

 
0.1

 
—

Total Racing
3.4

 
3.1

 
17.5

 
15.7

TwinSpires
0.3

 
0.2

 
1.1

 
0.8

Other Investments
0.9

 
1.0

 
3.6

 
3.7

Eliminations
(4.6
)
 
(4.3
)
 
(22.2
)
 
(20.2
)
Intercompany net revenue
$
—

 
$
—

 
$
—

 
$
—
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Adjusted EBITDA by segment is comprised of the following:
 
Three Months Ended September 30, 2018
(in millions)
Racing
 
TwinSpires
 
Casino
 
Other Investments
 
Corporate
Net revenue
$
41.0

 
$
72.1

 
$
105.0

 
$
7.8

 
$
—

 
 
 
 
 
 
 
 
 
 
Taxes & purses
(11.0
)
 
(4.2
)
 
(36.0
)
 
(0.7
)
 
—

Marketing & advertising
(1.2
)
 
(0.6
)
 
(3.4
)
 
(0.1
)
 
—

Salaries & benefits
(10.6
)
 
(2.1
)
 
(14.6
)
 
(3.4
)
 
—

Content expense
(3.4
)
 
(37.3
)
 
—

 
—

 
—

SG&A expense
(4.2
)
 
(2.9
)
 
(6.2
)
 
(1.2
)
 
(2.6
)
Other operating expense
(11.8
)
 
(5.7
)
 
(11.8
)
 
(1.3
)
 
(0.2
)
Other income
—

 
—

 
12.7

 
—

 
—

Adjusted EBITDA
$
(1.2
)
 
$
19.3

 
$
45.7

 
$
1.1

 
$
(2.8
)

 
Three Months Ended September 30, 2017
(in millions)
Racing
 
TwinSpires
 
Casino
 
Other Investments
 
Corporate (a)
Net revenue
$
41.9

 
$
66.1

 
$
87.5

 
$
5.7

 
$
—

 
 
 
 
 
 
 
 
 
 
Taxes & purses
(11.2
)
 
(4.5
)
 
(28.9
)
 
—

 
—

Marketing & advertising
(1.0
)
 
(1.1
)
 
(3.1
)
 
—

 
—

Salaries & benefits
(10.3
)
 
(2.3
)
 
(13.5
)
 
(2.9
)
 
—

Content expense
(3.8
)
 
(30.9
)
 
—

 
—

 
—

SG&A expense
(3.9
)
 
(3.2
)
 
(5.5
)
 
(0.8
)
 
(3.1
)
Other operating expense
(10.1
)
 
(5.3
)
 
(9.8
)
 
(1.1
)
 
0.1

Other income
0.1

 
—

 
12.8

 
0.2

 
—

Adjusted EBITDA
$
1.7

 
$
18.8


$
39.5

 
$
1.1


$
(3.0
)
(a) The Corporate segment includes corporate and other certain expenses of $0.7 million for the three months ended September 30, 2017 that have not been allocated to Big Fish Games as a result of the Big Fish Transaction. The Big Fish Games segment is reported as held for sale and discontinued operations in the accompanying condensed consolidated financial statements and these notes.
 
Nine Months Ended September 30, 2018
(in millions)
Racing
 
TwinSpires
 
Casino
 
Other Investments
 
Corporate
Net revenue
$
261.3

 
$
229.8

 
$
301.3

 
$
19.8

 
$
—

 
 
 
 
 
 
 
 
 
 
Taxes & purses
(55.7
)
 
(12.2
)
 
(101.8
)
 
(0.7
)
 
—

Marketing & advertising
(5.6
)
 
(4.5
)
 
(10.1
)
 
(0.2
)
 
—

Salaries & benefits
(34.5
)
 
(6.6
)
 
(41.7
)
 
(10.2
)
 
—

Content expense
(11.2
)
 
(119.3
)
 
—

 
—

 
—

SG&A expense
(12.8
)
 
(8.6
)
 
(17.2
)
 
(2.6
)
 
(7.6
)
Other operating expense
(43.4
)
 
(19.7
)
 
(33.0
)
 
(3.7
)
 
(0.5
)
Other income
0.4

 
—

 
36.4

 
0.1

 
0.1

Adjusted EBITDA
$
98.5

 
$
58.9

 
$
133.9

 
$
2.5

 
$
(8.0
)

 
Nine Months Ended September 30, 2017
(in millions)
Racing
 
TwinSpires
 
Casino
 
Other Investments
 
Corporate (a)
Net revenue
$
243.7

 
$
199.2

 
$
263.3

 
$
17.7

 
$
—

 
 
 
 
 
 
 
 
 
 
Taxes & purses
(54.3
)
 
(11.6
)
 
(87.7
)
 
—

 
—

Marketing & advertising
(3.9
)
 
(6.7
)
 
(9.1
)
 
—

 
—

Salaries & benefits
(32.4
)
 
(7.1
)
 
(40.0
)
 
(9.1
)
 
—

Content expense
(11.7
)
 
(96.5
)
 
—

 
—

 
—

SG&A expense
(11.9
)
 
(8.9
)
 
(16.3
)
 
(2.3
)
 
(8.5
)
Other operating expense
(39.4
)
 
(17.1
)
 
(31.0
)
 
(3.6
)
 
(0.4
)
Other income
0.6

 
—

 
33.1

 
0.3

 
—

Adjusted EBITDA
$
90.7

 
$
51.3

 
$
112.3

 
$
3.0

 
$
(8.9
)

(a) The Corporate segment includes corporate and other certain expenses of $2.1 million for the nine months ended September 30, 2017 that have not been allocated to Big Fish Games as a result of the Big Fish Transaction. The Big Fish Games segment is reported as held for sale and discontinued operations in the accompanying condensed consolidated financial statements and these notes.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2018
 
2017
 
2018
 
2017
Reconciliation of Comprehensive Income to Adjusted EBITDA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
$
56.9

 
$
17.3

 
$
341.8

 
$
102.5

Foreign currency translation, net of tax
(0.4
)
 
(0.5
)
 
(0.4
)
 
(0.1
)
Change in pension benefits, net of tax
(0.2
)
 
(0.1
)
 
—

 
(0.1
)
Net income
56.3

 
16.7

 
341.4

 
102.3

Loss (income) from discontinued operations, net of tax
1.7

 
(3.6
)
 
(166.1
)
 
(14.3
)
Income from continuing operations, net of tax
58.0


13.1


175.3


88.0

 
 
 
 
 
 
 
 
Additions:
 
 
 
 
 
 
 
Depreciation and amortization
16.7

 
13.4

 
45.8

 
42.0

Interest expense
9.9

 
12.6

 
29.2

 
36.0

Income tax provision
16.7

 
10.3

 
52.1

 
57.9

EBITDA
101.3

 
49.4

 
302.4

 
223.9

 
 
 
 
 
 
 
 
Adjustments to EBITDA:
 
 
 
 
 
 
 
Selling, general and administrative:
 
 
 
 
 
 
 
Stock-based compensation expense
3.9

 
3.9

 
13.1

 
11.7

Other charges
0.2

 
—

 
0.2

 
—

Pre-opening expense
2.6

 
—

 
3.9

 
0.3

Other income, expense:
 
 
 
 
 
 
 
Interest, depreciation and amortization expense related to equity investments
3.6

 
4.0

 
12.2

 
10.6

Gain on Ocean Downs/Saratoga transaction
(54.9
)
 
—

 
(54.9
)
 
—

Transaction expense, net
5.4

 
0.6

 
8.9

 
1.1

Calder exit costs
—

 
0.2

 
—

 
0.8

Total adjustments to EBITDA
(39.2
)
 
8.7

 
(16.6
)
 
24.5

Adjusted EBITDA
$
62.1

 
$
58.1

 
$
285.8

 
$
248.4

 
 
 
 
 
 
 
 
Adjusted EBITDA by segment:
 
 
 
 
 
 
 
Racing
$
(1.2
)
 
$
1.7

 
$
98.5

 
$
90.7

TwinSpires
19.3

 
18.8

 
58.9

 
51.3

Casino
45.7

 
39.5

 
133.9

 
112.3

Other Investments
1.1

 
1.1

 
2.5

 
3.0

Corporate(a) 
(2.8
)
 
(3.0
)
 
(8.0
)
 
(8.9
)
Adjusted EBITDA
$
62.1

 
$
58.1

 
$
285.8

 
$
248.4
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions)
2018
 
2017
 
2018
 
2017
Casino
$
9.0

 
$
8.7

 
$
24.3

 
$
22.5

Other Investments
0.1

 
0.2

 
0.1

 
0.2

 
$
9.1

 
$
8.9

 
$
24.4

 
$
22.7
Reconciliation of Assets from Segment to Consolidated
The table below presents total asset information for each of our operating segments:
(in millions)
September 30, 2018
 
December 31, 2017
Total assets:
 
 
 
Racing
$
495.4

 
$
483.0

TwinSpires
225.8

 
215.9

Casino
803.2

 
679.6

Other Investments
84.9

 
15.2

Corporate
102.4

 
73.2

Big Fish Games
—

 
892.5

 
$
1,711.7

 
$
2,359.4


The table below presents total capital expenditures for each of our operating segments:
 
Nine Months Ended September 30,
(in millions)
2018
 
2017
Capital expenditures:
 
 
 
Racing
$
53.6

 
$
47.8

TwinSpires
7.1

 
7.3

Casino
9.2

 
26.0

Other Investments
53.8

 
1.3

Corporate
1.8

 
1.1

Big Fish Games
—

 
5.6

 
$
125.5

 
$
89.1