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Revenue from Contract with Customer (Tables)
 12 Months Ended
Dec. 31, 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:
 Years Ended December 31,
(in millions)202320222021
Net revenue from external customers:
Live and Historical Racing:
Churchill Downs Racetrack$205.8 $196.8 $128.1 
Louisville189.0 169.9 154.3 
Northern Kentucky85.8 46.1 26.0 
Southwestern Kentucky147.8 131.4 100.7 
Western Kentucky31.8 4.5 — 
Virginia375.4 62.4 — 
New Hampshire11.7 3.5 — 
Total Live and Historical Racing$1,047.3 $614.6 $409.1 
TwinSpires:$444.9 $436.4 $451.4 
Gaming:
Florida$100.7 $106.2 $100.0 
Iowa96.0 15.6 — 
Louisiana145.6 140.8 133.6 
Maine114.1 114.4 99.8 
Maryland106.9 105.3 100.6 
Mississippi100.9 101.8 117.3 
New York180.5 30.9 — 
Pennsylvania123.9 140.9 144.1 
Total Gaming$968.6 $755.9 $695.4 
All Other0.9 2.9 41.3 
Net revenue from external customers$2,461.7 $1,809.8 $1,597.2 
Intercompany net revenues:
Live and Historical Racing$37.3 $31.8 $21.5 
TwinSpires13.5 5.2 6.4 
Gaming6.0 5.9 3.0 
All Other— 0.4 7.9 
Eliminations(56.8)(43.3)(38.8)
Intercompany net revenue$— $— $— 
Year Ended December 31, 2023
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$81.9 $359.7 $26.6 $468.2 $— $468.2 
Historical racing(a)
739.1 — 28.6 767.7 — 767.7 
Racing event-related services145.9 — 6.4 152.3 — 152.3 
Gaming(a)
11.4 17.3 803.5 832.2 — 832.2 
Other(a)
69.0 67.9 103.5 240.4 0.9 241.3 
Total$1,047.3 $444.9 $968.6 $2,460.8 $0.9 $2,461.7 
Year Ended December 31, 2022
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$66.8 $367.4 $28.1 $462.3 $— $462.3 
Historical racing(a)
374.1 — 9.8 383.9 — 383.9 
Racing event-related services129.8 — 1.8 131.6 — 131.6 
Gaming(a)
3.5 28.2 647.4 679.1 — 679.1 
Other(a)
40.4 40.8 68.8 150.0 2.9 152.9 
Total$614.6 $436.4 $755.9 $1,806.9 $2.9 $1,809.8 
Year Ended December 31, 2021
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$64.0 $380.7 $28.2 $472.9 $29.7 $502.6 
Historical racing(a)
253.0 — — 253.0 — 253.0 
Racing event-related services68.5 — 1.2 69.7 7.0 76.7 
Gaming(a)
— 34.8 622.0 656.8 — 656.8 
Other(a)
23.6 35.9 44.0 103.5 4.6 108.1 
Total$409.1 $451.4 $695.4 $1,555.9 $41.3 $1,597.2 
(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 $50.9 million in 2023, $33.9 million in 2022, and $20.9 million in 2021
The tables below present net revenue from external customers and intercompany revenue from each of our segments, Adjusted EBITDA by segment and reconciles comprehensive income to Adjusted EBITDA:
Net revenue by segment is comprised of the following:
Years Ended December 31,
(in millions)202320222021
Live and Historical Racing$1,047.3 $614.6 $409.1 
TwinSpires444.9436.4451.4 
Gaming968.6755.9695.4 
All Other0.9 2.9 41.3 
Net Revenue$2,461.7 $1,809.8 $1,597.2