Goodwill

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

6. GOODWILL

Goodwill, by segment, is comprised of the following:

(in millions)	Live and Historical		TwinSpires		Gaming		All Other		Total
Balance, December 31, 2021	$	52.4	$	152.2	$	161.2	$	1.0	$	366.8
Additions	227.9		—		129.1		—		357.0
Balance, December 31, 2022	280.3		152.2		290.3		1.0		723.8
Additions	95.9		81.2		—		—		177.1
Adjustments	—		—		—		(1.0)		(1.0)
Balance, December 31, 2023	$	376.2	$	233.4	$	290.3	$	—	$	899.9

In 2022, we established goodwill of $9.2 million related to the Ellis Park Transaction and $347.8 million related to the P2E Transaction. The goodwill established as part of the P2E Transaction was assigned to the Gaming segment in the amount of $129.1 million and to the Live and Historical Racing segment in the amount of $218.7 million.

In 2023, we established goodwill of $177.1 million related to the Exacta Transaction. The goodwill was assigned to the Live and Historical Racing segment in the amount of $95.9 million and to the TwinSpires segment in the amount of $81.2 million.

Refer to Note 3, Acquisitions for more information on these transactions.

We performed our annual goodwill impairment analysis as of April 1, 2023. We assessed goodwill for impairment by performing qualitative or quantitative analyses for each reporting unit. Based on the results of these analyses, no goodwill impairments were identified in connection with our annual impairment testing.