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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net revenue:    
Net revenue $ 559.5 $ 364.1
Operating expense:    
Selling, general and administrative expense 52.3 35.9
Asset impairments 0.0 4.9
Transaction expense, net (0.2) 5.0
Total operating expense 439.6 316.7
Operating income 119.9 47.4
Other income (expense):    
Interest expense, net (64.7) (21.3)
Equity in income of unconsolidated affiliates 38.3 32.5
Gain on sale of Arlington 114.0 0.0
Miscellaneous, net 1.4 0.0
Total other income 89.0 11.2
Income from operations before provision for income taxes 208.9 58.6
Income tax provision (53.2) (16.5)
Net income $ 155.7 $ 42.1
Net income per common share data:    
Basic net income (in dollars per share) $ 4.14 $ 1.10
Diluted net income (in dollars per share) $ 4.09 $ 1.08
Weighted average shares outstanding:    
Basic (in shares) 37,600 38,300
Diluted (in shares) 38,100 38,800
Live and Historical    
Net revenue:    
Net revenue $ 214.4 $ 86.0
Operating expense:    
Operating expense 143.3 67.7
TwinSpires    
Net revenue:    
Net revenue 94.8 100.3
Operating expense:    
Operating expense 65.7 74.9
Gaming    
Net revenue:    
Net revenue 250.0 177.3
Operating expense:    
Operating expense 173.5 125.2
All Other    
Net revenue:    
Net revenue 0.3 0.5
Operating expense:    
Operating expense $ 5.0 $ 3.1