Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment, net is comprised of the following:

	As of December 31,
(in millions)	2019		2018
Grandstands and buildings	$	625.2	$	532.8
Equipment	406.5		356.3
Tracks and other improvements	222.3		207.3
Land	162.4		140.5
Furniture and fixtures	79.2		73.3
Construction in progress	52.3		7.0
	1,547.9		1,317.2
Accumulated depreciation	(635.4)		(559.7)
Subtotal	912.5		757.5
Right-of-use assets	24.8		—
Total	$	937.3	$	757.5

Depreciation expense was $81.4 million in 2019, $57.6 million in 2018 and $49.1 million in 2017 and is classified in operating expense in the accompanying consolidated statements of comprehensive income.

During the fourth quarter of 2017, the Company recorded a $13.7 million non-cash impairment charge related to certain iGaming assets included in our Online Wagering segment. The impairment was due to a change in the Company's planned usage of these assets.