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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Net Revenue From External Customers and Intercompany Revenue From Each Operating Segment The tables below present net revenue from external customers and intercompany revenue from each of our segments, net revenue from external customers for each group of similar services, Adjusted EBITDA by segment, and a reconciliation of comprehensive (loss) income to Adjusted EBITDA:
Three Months Ended March 31,
(in millions)20202019
Net revenue from external customers:
Churchill Downs:
Churchill Downs Racetrack$1.9  $2.3  
Derby City Gaming21.6  18.7  
Total Churchill Downs23.5  21.0  
Online Wagering:
TwinSpires66.6  63.0  
Online Sports Betting and iGaming0.7  0.1  
Total Online Wagering67.3  63.1  
Gaming:
Fair Grounds and VSI31.6  37.5  
Presque Isle27.6  29.7  
Calder21.8  25.4  
Oxford20.1  23.9  
Ocean Downs14.8  18.4  
Riverwalk 12.7  16.3  
Harlow’s 11.7  15.3  
Lady Luck Nemacolin7.3  2.3  
Total Gaming147.6  168.8  
All Other14.5  12.5  
Net revenue from external customers$252.9  $265.4  

Three Months Ended March 31,
(in millions)20202019
Intercompany net revenue:
Churchill Downs$0.3  $0.4  
Online Wagering0.4  0.3  
Gaming1.5  1.3  
All Other3.0  2.2  
Eliminations(5.2) (4.2) 
Intercompany net revenue$—  $—  
Three Months Ended March 31, 2020
(in millions)Churchill DownsOnline WageringGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$1.0  $63.9  $9.9  $74.8  $9.9  $84.7  
Historical racing(a)
20.4  —  —  20.4  —  20.4  
Racing event-related services—  —  1.3  1.3  0.1  1.4  
Gaming(a)
—  0.7  121.6  122.3  —  122.3  
Other(a)
2.1  2.7  14.8  19.6  4.5  24.1  
Total$23.5  $67.3  $147.6  $238.4  $14.5  $252.9  

Three Months Ended March 31, 2019
(in millions)Churchill DownsOnline WageringGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$1.4  $60.5  $12.2  $74.1  $7.5  $81.6  
Historical racing(a)
17.7  —  —  17.7  —  17.7  
Racing event-related services—  —  1.5  1.5  —  1.5  
Gaming(a)
—  0.1  146.6  146.7  —  146.7  
Other
1.9  2.5  8.5  12.9  5.0  17.9  
Total$21.0  $63.1  $168.8  $252.9  $12.5  $265.4  
(a) Food and beverage, hotel, and other services furnished to customers for free as an inducement to gamble or through the redemption of our customers' loyalty points are recorded at their estimated standalone selling prices in Other revenue with a corresponding offset recorded as a reduction in historical pari-mutuel revenue for HRMs or gaming revenue for our casino properties. These amounts were $7.6 million for the three months ended March 31, 2020 and $7.8 million for the three months ended March 31, 2019.
Schedule of Segment Reporting Information
Adjusted EBITDA by segment is comprised of the following:
Three Months Ended March 31, 2020
(in millions)Churchill DownsOnline WageringGaming
Net revenue$23.8  $67.7  $149.1  
Taxes and purses(7.1) (3.9) (59.1) 
Marketing and advertising(1.1) (3.5) (5.3) 
Salaries and benefits(6.2) (3.5) (29.5) 
Content expense(0.4) (33.2) (1.2) 
Selling, general and administrative expense(1.5) (1.4) (6.7) 
Other operating expense(5.6) (7.2) (19.5) 
Other income —  —  21.2  
Adjusted EBITDA$1.9  $15.0  $49.0  

Three Months Ended March 31, 2019
(in millions)Churchill DownsOnline WageringGaming
Net revenue$21.4  $63.4  $170.1  
Taxes and purses(6.2) (3.3) (65.0) 
Marketing and advertising(1.1) (1.0) (5.1) 
Salaries and benefits(5.2) (2.5) (24.5) 
Content expense(0.5) (32.1) (1.2) 
Selling, general and administrative expense(1.7) (1.8) (6.4) 
Other operating expense(5.3) (5.8) (19.0) 
Other income —  —  15.9  
Adjusted EBITDA$1.4  $16.9  $64.8  
Three Months Ended March 31,
(in millions)20202019
Reconciliation of Comprehensive (Loss) Income to Adjusted EBITDA:
Net (loss) income and comprehensive (loss) income attributable to CDI$(23.4) $11.6  
Net loss attributable to noncontrolling interest0.1  —  
Net (loss) income before noncontrolling interest(23.5) 11.6  
Loss from discontinued operations, net of tax0.9  0.3  
(Loss) income from continuing operations, net of tax(22.6) 11.9  
Additions:
Depreciation and amortization22.0  20.8  
Interest expense19.3  13.7  
Income tax (benefit) provision(11.6) 6.5  
EBITDA$7.1  $52.9  
Adjustments to EBITDA:
Selling, general and administrative:
Stock-based compensation expense $4.3  $4.7  
Other charges—  0.5  
Pre-opening expense and other expense1.7  1.3  
Impairment of intangible assets17.5  —  
Transaction expense, net0.3  3.5  
Other income, expense:
Interest, depreciation and amortization expense related to equity investments9.5  3.5  
Changes in fair value of Midwest Gaming's interest rate swaps14.9  4.3  
Midwest Gaming's recapitalization and transactions costs—  3.9  
Total adjustments to EBITDA48.2  21.7  
Adjusted EBITDA$55.3  $74.6  
Adjusted EBITDA by segment:
Churchill Downs$1.9  $1.4  
Online Wagering15.0  16.9  
Gaming49.0  64.8  
Total segment Adjusted EBITDA65.9  83.1  
All Other$(10.6) $(8.5) 
Total Adjusted EBITDA$55.3  $74.6  
Schedule of Equity in Income of Unconsolidated Investments
The table below presents information about equity in (loss) income of unconsolidated investments included in our reported segments:
Three Months Ended March 31,
(in millions)20202019
Gaming$(3.3) $4.1  
Schedule of Total Assets and Capital Expenditures by Operating Segment
The table below presents total asset information for each of our segments:
(in millions)March 31, 2020December 31, 2019
Total assets:
Churchill Downs$369.1  $370.3  
Online Wagering243.7  241.5  
Gaming940.3  1,030.1  
Total segment assets1,553.1  1,641.9  
All Other1,650.7  909.1  
Total assets$3,203.8  $2,551.0  
The table below presents total capital expenditures for each of our segments:
Three Months Ended March 31,
(in millions)20202019
Capital expenditures:
Churchill Downs$12.1  $9.6  
Online Wagering3.6  11.5  
Gaming3.3  2.5  
Total segment capital expenditures19.0  23.6  
All Other29.3  4.5  
Total capital expenditures$48.3  $28.1