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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net revenue:      
Total net revenue $ 1,809.8 $ 1,597.2 $ 1,054.0
Operating expense:      
Selling, general and administrative expense 164.2 138.5 114.8
Asset impairments 38.3 15.3 17.5
Transaction expense 42.1 7.9 1.0
Total operating expense 1,488.0 1,312.8 993.8
Operating income 321.8 284.4 60.2
Other income (expense):      
Interest expense, net (147.3) (84.7) (80.0)
Equity in income of unconsolidated affiliates 152.7 143.2 27.7
Gain on Calder land sale 274.6 0.0 0.0
Miscellaneous, net 7.0 0.7 0.1
Total other income (expense) 287.0 59.2 (52.2)
Income from continuing operations before provision for income taxes 608.8 343.6 8.0
Income tax (provision) benefit (169.4) (94.5) 5.3
Income from continued operations, net of tax 439.4 249.1 13.3
Loss from discontinued operations, net of tax 0.0 0.0 (95.4)
Net income (loss) 439.4 249.1 (82.1)
Net loss attributable to noncontrolling interest 0.0 0.0 (0.2)
Net income (loss) and comprehensive income (loss) attributable to Churchill Downs Incorporated $ 439.4 $ 249.1 $ (81.9)
Net income (loss) per common share data - basic:      
Continuing operations (in dollars per share) $ 11.58 $ 6.45 $ 0.34
Discontinued operations (in dollars per share) 0 0 (2.41)
Net income (loss) per common share - basic (in dollars per share) 11.58 6.45 (2.07)
Net income (loss) per common share data - diluted:      
Continuing operations (in dollars per share) 11.42 6.35 0.33
Discontinued operations (in dollars per share) 0 0 (2.41)
Net income (loss) per common share - diluted (in dollars per share) $ 11.42 $ 6.35 $ (2.08)
Weighted average shares outstanding:      
Basic (in shares) 37.9 38.6 39.6
Diluted (in shares) 38.5 39.2 40.1
Gain on Calder land sale $ 274.6 $ 0.0 $ 0.0
Live and Historical Racing      
Net revenue:      
Total net revenue 614.6 409.1 169.6
Operating expense:      
Operating expense 400.9 288.9 179.0
TwinSpires      
Net revenue:      
Total net revenue 436.4 451.4 430.1
Operating expense:      
Operating expense 293.6 345.8 293.1
Gaming      
Net revenue:      
Total net revenue 755.9 695.4 435.3
Operating expense:      
Operating expense 537.9 476.3 357.9
All Other      
Net revenue:      
Total net revenue 2.9 41.3 19.0
Operating expense:      
Operating expense $ 11.0 $ 40.1 $ 30.5