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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net revenue:        
Net revenue $ 934.4 $ 890.7 $ 1,577.0 $ 1,481.6
Operating expense:        
Selling, general and administrative expense 60.9 57.4 115.4 112.2
Asset impairments 2.4 0.0 2.4 0.0
Transaction expense, net 1.1 0.6 1.5 4.7
Total operating expense 606.7 560.7 1,114.7 1,025.3
Operating income 327.7 330.0 462.3 456.3
Other (expense) income:        
Interest expense, net (74.2) (73.5) (146.5) (143.9)
Equity in income of unconsolidated affiliates 37.1 37.7 70.4 75.5
Miscellaneous, net 1.4 0.1 1.7 8.2
Total other (expense) income (35.7) (35.7) (74.4) (60.2)
Income from operations before provision for income taxes 292.0 294.3 387.9 396.1
Income tax provision (74.4) (84.1) (93.1) (105.5)
Net income 217.6 210.2 294.8 290.6
Net income attributable to noncontrolling interest 0.7 0.9 1.2 0.9
Net income attributable to Churchill Downs Incorporated $ 216.9 $ 209.3 $ 293.6 $ 289.7
Net income attributable to Churchill Downs Incorporated per common share data:        
Basic net income (in dollars per share) $ 3.02 $ 2.82 $ 4.02 $ 3.90
Diluted net income (in dollars per share) $ 2.99 $ 2.79 $ 3.98 $ 3.87
Weighted average shares outstanding:        
Basic (in shares) 71,700 73,900 72,700 74,000
Diluted (in shares) 72,300 74,600 73,300 74,600
Live and Historical Racing        
Net revenue:        
Net revenue $ 509.9 $ 464.7 $ 782.4 $ 709.8
Operating expense:        
Operating expense 256.1 221.4 445.8 378.6
Wagering Services and Solutions        
Net revenue:        
Net revenue 158.4 151.7 265.3 258.3
Operating expense:        
Operating expense 90.8 89.3 158.0 157.2
Gaming        
Net revenue:        
Net revenue 266.0 274.2 529.2 513.4
Operating expense:        
Operating expense 191.3 188.4 383.4 366.9
All Other        
Net revenue:        
Net revenue 0.1 0.1 0.1 0.1
Operating expense:        
Operating expense $ 4.1 $ 3.6 $ 8.2 $ 5.7