Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

5. PROPERTY AND EQUIPMENT

Property and equipment, net is comprised of the following:

	December 31,
(in millions)	2023		2022
Grandstands and buildings	$	1,460.6	$	1,217.8
Equipment	685.2		574.5
Tracks and other improvements	369.2		304.3
Land	162.9		161.2
Furniture and fixtures	180.4		172.0
Construction in progress	668.5		353.7
	3,526.8		2,783.5
Accumulated depreciation	(988.4)		(837.1)
Subtotal	2,538.4		1,946.4
Operating lease right-of-use assets	22.8		31.9
Total	$	2,561.2	$	1,978.3

Depreciation expense was $161.8 million in 2023, $109.0 million in 2022 and $98.4 million in 2021 and is classified in operating expense in the accompanying Consolidated Statements of Comprehensive Income