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Revenue from Contract with Customer (Tables)
 12 Months Ended
Dec. 31, 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:
 Years Ended December 31,
(in millions)202420232022
Net revenue from external customers:
Live and Historical Racing:
Churchill Downs Racetrack$259.5 $205.8 $196.8 
Louisville209.1 189.0 169.9 
Northern Kentucky98.9 85.8 46.1 
Southwestern Kentucky158.3 147.8 131.4 
Western Kentucky28.8 31.8 4.5 
Virginia458.2 375.4 62.4 
New Hampshire12.8 11.7 3.5 
Total Live and Historical Racing$1,225.6 $1,047.3 $614.6 
Wagering Services and Solutions:$469.5 $444.9 $436.4 
Gaming:
Florida$100.2 $100.7 $106.2 
Iowa93.3 96.0 15.6 
Indiana96.6 — — 
Louisiana150.2 145.6 140.8 
Maine106.0 114.1 114.4 
Maryland101.8 106.9 105.3 
Mississippi98.7 100.9 101.8 
New York183.0 180.5 30.9 
Pennsylvania109.3 123.9 140.9 
Total Gaming$1,039.1 $968.6 $755.9 
All Other0.1 0.9 2.9 
Net revenue from external customers$2,734.3 $2,461.7 $1,809.8 
Intercompany net revenues:
Live and Historical Racing$41.4 $37.3 $31.8 
Wagering Services and Solutions31.2 13.5 5.2 
Gaming6.3 6.0 5.9 
All Other6.5 — 0.4 
Eliminations(85.4)(56.8)(43.3)
Intercompany net revenue$— $— $— 
Year Ended December 31, 2024
(in millions)Live and Historical RacingWagering Services and SolutionsGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$91.3 $352.2 $26.4 $469.9 $— $469.9 
Historical racing(a)
854.9 — 37.0 891.9 — 891.9 
Racing event-related services188.0 — 6.6 194.6 — 194.6 
Gaming(a)
12.6 17.3 856.0 885.9 — 885.9 
Other(a)
78.8 100.0 113.1 291.9 0.1 292.0 
Total$1,225.6 $469.5 $1,039.1 $2,734.2 $0.1 $2,734.3 
Year Ended December 31, 2023
(in millions)Live and Historical RacingWagering Services and SolutionsGamingTotal 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 RacingWagering Services and SolutionsGamingTotal 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 
(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 $56.0 million in 2024, $50.9 million in 2023, and $33.9 million in 2022.
Net revenue from external customers by segment is comprised of the following:
Years Ended December 31,
(in millions)202420232022
Live and Historical Racing$1,225.6 $1,047.3 $614.6 
Wagering Services and Solutions469.5 444.9 436.4 
Gaming1,039.1 968.6 755.9 
All Other0.1 0.9 2.9 
Net Revenue$2,734.3 $2,461.7 $1,809.8