Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment, net is comprised of the following:

	December 31,
(in millions)	2022		2021
Grandstands and buildings	$	1,217.8	$	745.5
Equipment	574.5		491.9
Tracks and other improvements	304.3		221.7
Land	161.2		101.3
Furniture and fixtures	172.0		78.9
Construction in progress	353.7		65.8
	2,783.5		1,705.1
Accumulated depreciation	(837.1)		(736.7)
Subtotal	1,946.4		968.4
Operating lease right-of-use assets	31.9		26.5
Total	$	1,978.3	$	994.9

Depreciation expense was $109.0 million in 2022, $98.4 million in 2021 and $88.0 million in 2020 and is classified in operating expense in the accompanying Consolidated Statements of Comprehensive Income (Loss)