XML 122 R101.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Information - Schedule of Adjusted EBITDA by Segment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]      
Marketing and advertising $ (83.4) $ (52.9) $ (74.5)
Adjusted EBITDA 1,023.9 763.6 627.0
Operating Segments      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 1,096.1 823.5 669.6
Live and Historical Racing | Operating Segments      
Segment Reporting Information [Line Items]      
Total net revenue 1,084.6 646.4 430.6
Gaming taxes and purses (267.7) (168.6) (126.3)
Marketing and advertising (37.6) (19.8) (12.9)
Salaries and benefits (107.0) (63.4) (48.4)
Content expense (6.5) (3.4) (2.5)
Selling, general and administrative expense (31.9) (18.6) (12.8)
Maintenance, insurance and utilities (43.2) (24.3) (18.5)
Property and other taxes (6.0) (2.6) (3.1)
Other operating expense (110.6) (58.6) (31.4)
Other income 1.3 0.4 0.3
Adjusted EBITDA 475.4 287.5 175.0
TwinSpires | Operating Segments      
Segment Reporting Information [Line Items]      
Total net revenue 458.4 441.6 457.8
Gaming taxes and purses (22.6) (27.0) (30.7)
Marketing and advertising (9.8) (13.0) (49.4)
Salaries and benefits (29.3) (26.8) (27.0)
Content expense (205.1) (203.3) (206.6)
Selling, general and administrative expense (12.4) (9.7) (11.0)
Maintenance, insurance and utilities (3.8) (3.0) (2.5)
Property and other taxes (0.2) (0.2) (0.2)
Other operating expense (44.1) (44.6) (47.7)
Other income 1.0 0.1 0.0
Adjusted EBITDA 132.1 114.1 82.7
Gaming | Operating Segments      
Segment Reporting Information [Line Items]      
Total net revenue 974.6 761.8 698.4
Gaming taxes and purses (322.8) (278.1) (264.4)
Marketing and advertising (35.4) (18.9) (11.8)
Salaries and benefits (146.0) (102.7) (87.1)
Content expense (8.8) (8.3) (4.7)
Selling, general and administrative expense (42.7) (31.3) (27.9)
Maintenance, insurance and utilities (40.0) (31.1) (25.9)
Property and other taxes (13.5) (10.5) (9.6)
Other operating expense (70.2) (49.9) (36.8)
Other income 193.4 190.9 181.7
Adjusted EBITDA $ 488.6 $ 421.9 $ 411.9