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Revenue from Contract with Customer (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30,Six Months Ended June 30,
(in millions)2024202320242023
Net revenue from external customers:
Live and Historical Racing:
Churchill Downs Racetrack$228.0 $178.3 $231.1 $180.7 
Louisville53.1 45.3 106.8 89.3 
Northern Kentucky22.0 17.3 50.5 43.6 
Southwestern Kentucky40.2 37.6 78.8 74.1 
Western Kentucky6.1 9.4 12.9 14.2 
Virginia111.9 94.6 223.1 192.3 
New Hampshire3.4 2.5 6.6 5.2 
Total Live and Historical Racing$464.7 $385.0 $709.8 $599.4 
TwinSpires:$151.7 $137.4 $258.3 $232.2 
Gaming:
Florida$26.5 $26.0 $52.6 $52.1 
Iowa23.5 24.0 46.9 48.5 
Indiana33.9 — 33.9 — 
Louisiana37.1 33.8 81.4 77.9 
Maine26.8 29.5 53.6 57.2 
Maryland26.2 27.6 47.8 50.9 
Mississippi24.5 25.8 50.5 53.3 
New York46.5 44.6 91.5 89.1 
Pennsylvania29.2 34.6 55.2 66.9 
Total Gaming274.2 245.9 513.4 495.9 
All Other0.1 0.2 0.1 0.5 
Net revenue from external customers$890.7 $768.5 $1,481.6 $1,328.0 
Intercompany net revenues:
Live and Historical Racing$25.5 $23.0 $29.3 $24.4 
TwinSpires8.2 1.7 15.7 3.3 
Gaming0.2 2.0 4.2 3.6 
All Other1.8 — 1.8 — 
Eliminations(35.7)(26.7)(51.0)(31.3)
Intercompany net revenue$— $— $— $— 
Three Months Ended June 30, 2024
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$50.4 $115.4 $4.5 $170.3 $— $170.3 
Historical racing(a)
212.1 — 9.3 221.4 — 221.4 
Racing event-related services176.0 — 1.4 177.4 — 177.4 
Gaming(a)
3.3 4.3 228.1 235.7 — 235.7 
Other(a)
22.9 32.0 30.9 85.8 0.1 85.9 
Total$464.7 $151.7 $274.2 $890.6 $0.1 $890.7 


Three Months Ended June 30, 2023
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$40.2 $117.5 $3.2 $160.9 $— $160.9 
Historical racing(a)
184.1 — 7.0 191.1 — 191.1 
Racing event-related services136.7 — 1.5 138.2 — 138.2 
Gaming(a)
2.5 1.2 206.9 210.6 — 210.6 
Other(a)
21.5 18.7 27.3 67.5 0.2 67.7 
Total$385.0 $137.4 $245.9 $768.3 $0.2 $768.5 
(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 $14.2 million for the three months ended June 30, 2024 and $12.3 million for the three months ended June 30, 2023.
Six Months Ended June 30, 2024
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$61.4 $195.2 $15.1 $271.7 $— $271.7 
Historical racing(a)
424.2 — 18.1 442.3 — 442.3 
Racing event-related services177.1 — 3.6 180.7 — 180.7 
Gaming(a)
6.4 10.0 421.2 437.6 — 437.6 
Other(a)
40.7 53.1 55.4 149.2 0.1 149.3 
Total$709.8 $258.3 $513.4 $1,481.5 $0.1 $1,481.6 
Six Months Ended June 30, 2023
(in millions)Live and Historical RacingTwinSpiresGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$51.2 $196.9 $14.8 $262.9 $— $262.9 
Historical racing(a)
369.4 — 13.0 382.4 — 382.4 
Racing event-related services137.7 — 3.4 141.1 — 141.1 
Gaming(a)
5.1 5.6 412.4 423.1 — 423.1 
Other(a)
36.0 29.7 52.3 118.0 0.5 118.5 
Total$599.4 $232.2 $495.9 $1,327.5 $0.5 $1,328.0 
(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 $27.6 million for the six months ended June 30, 2024 and $24.5 million for the six months ended June 30, 2023.
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 June 30,Six Months Ended June 30,
(in millions)2024202320242023
Live and Historical Racing$464.7 $385.0 $709.8 $599.4 
TwinSpires151.7 137.4 258.3 232.2 
Gaming274.2 245.9 513.4 495.9 
All Other0.1 0.2 0.1 0.5 
Net Revenue$890.7 $768.5 $1,481.6 $1,328.0