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Revenue from Contracts with Customer (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [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:
 Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2023202220232022
Net revenue from external customers:
Live and Historical Racing:
Churchill Downs Racetrack$10.6 $6.4 $191.3 $182.6 
Louisville48.9 41.5 138.2 128.5 
Northern Kentucky19.5 10.0 63.1 29.2 
Southwestern Kentucky37.6 33.3 111.7 97.8 
Western Kentucky11.6 0.2 25.8 0.2 
Virginia88.1 — 280.4 — 
New Hampshire3.2 0.9 8.4 0.9 
Total Live and Historical Racing$219.5 $92.3 $818.9 $439.2 
TwinSpires:$108.5 $106.2 $340.7 $343.3 
Gaming:
Florida$24.4 $26.3 $76.5 $81.2 
Iowa24.0 — 72.5 — 
Louisiana32.2 28.5 110.1 107.2 
Maine30.9 31.6 88.1 87.8 
Maryland32.0 33.3 82.9 82.0 
Mississippi24.2 24.5 77.5 78.0 
New York46.2 — 135.3 — 
Pennsylvania30.4 39.2 97.3 108.8 
Total Gaming$244.3 $183.4 $740.2 $545.0 
All Other0.2 1.2 0.7 2.2 
Net revenue from external customers$572.5 $383.1 $1,900.5 $1,329.7 
Intercompany net revenues:
Live and Historical Racing$6.0 $10.1 $30.4 $26.3 
TwinSpires3.9 1.2 7.1 4.0 
Gaming0.6 2.5 4.2 4.6 
All Other— — — — 
Eliminations(10.5)(13.8)(41.7)(34.9)
Intercompany net revenue$— $— $— $— 
Three Months Ended September 30, 2023
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$16.0 $86.3 $5.1 $107.4 $— $107.4 
Historical racing(a)
179.9 — 7.5 187.4 — 187.4 
Racing event-related services3.3 — 1.4 4.7 — 4.7 
Gaming(a)
3.1 5.3 203.0 211.4 — 211.4 
Other(a)
17.2 16.9 27.3 61.4 0.2 61.6 
Total$219.5 $108.5 $244.3 $572.3 $0.2 $572.5 

Three Months Ended September 30, 2022
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$1.8 $91.0 $3.6 $96.4 $— $96.4 
Historical racing(a)
78.7 — 3.5 82.2 — 82.2 
Racing event-related services3.0 — 0.1 3.1 — 3.1 
Gaming(a)
0.9 5.3 160.6 166.8 — 166.8 
Other(a)
7.9 9.9 15.6 33.4 1.2 34.6 
Total$92.3 $106.2 $183.4 $381.9 $1.2 $383.1 
(a) Food and beverage, hotel, and other services furnished to customers for free as an inducement to wager or through the redemption of our customers' loyalty points are recorded at the estimated standalone selling prices in other revenue with a corresponding offset recorded as a reduction in historical racing pari-mutuel revenue for HRMs or gaming revenue for our casino properties. These amounts were $13.3 million for the three months ended September 30, 2023 and $8.4 million for the three months ended September 30, 2022.
Nine Months Ended September 30, 2023
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$67.2 $283.2 $19.9 $370.3 $— $370.3 
Historical racing(a)
549.3 — 20.5 569.8 — 569.8 
Racing event-related services141.0 — 4.8 145.8 — 145.8 
Gaming(a)
8.2 10.9 615.4 634.5 — 634.5 
Other(a)
53.2 46.6 79.6 179.4 0.7 180.1 
  Total$818.9 $340.7 $740.2 $1,899.8 $0.7 $1,900.5 

Nine Months Ended September 30, 2022
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$53.9 $290.9 $22.0 $366.8 $— $366.8 
Historical racing(a)
230.7 — 4.8 235.5 — 235.5 
Racing event-related services125.4 — 0.7 126.1 — 126.1 
Gaming(a)
0.9 21.8 469.6 492.3 — 492.3 
Other(a)
28.3 30.6 47.9 106.8 2.2 109.0 
Total$439.2 $343.3 $545.0 $1,327.5 $2.2 $1,329.7 
(a) Food and beverage, hotel, and other services furnished to customers for free as an inducement to wager or through the redemption of our customers' loyalty points are recorded at the estimated standalone selling prices in other revenue with a corresponding offset recorded as a reduction in historical racing pari-mutuel revenue for HRMs or gaming revenue for our casino properties. These amounts were $37.8 million for the nine months ended September 30, 2023 and $23.2 million for the nine months ended September 30, 2022.
The tables below present net revenue from external customers, Adjusted EBITDA by segment and reconciles comprehensive income to Adjusted EBITDA:
Net revenue by segment is comprised of the following:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2023202220232022
Live and Historical Racing$219.5 $92.3 $818.9 $439.2 
TwinSpires108.5 106.2 340.7 343.3 
Gaming244.3 183.4 740.2 545.0 
All Other0.2 1.2 0.7 2.2 
Net Revenue$572.5 $383.1 $1,900.5 $1,329.7