Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 182.4	$ 175.5
Restricted cash	103.2	77.2
Accounts receivable, net	118.4	98.7
Income taxes receivable	0.0	14.5
Other current assets	60.0	46.4
Total current assets	464.0	412.3
Property and equipment, net	2,917.4	2,874.9
Investment in and advances to unconsolidated affiliates	668.8	661.2
Goodwill	900.2	900.2
Other intangible assets, net	2,406.0	2,409.0
Other assets	19.3	18.3
Total assets	7,375.7	7,275.9
Current liabilities:
Accounts payable	231.0	180.3
Accrued expenses and other current liabilities	392.2	402.0
Income taxes payable	67.6	0.0
Current deferred revenue	17.5	52.9
Current maturities of long-term debt	63.1	63.1
Dividends payable	0.7	31.0
Total current liabilities	772.1	729.3
Long-term debt, net of current maturities and loan origination fees	1,863.5	1,767.9
Notes payable, net of debt issuance costs	3,078.7	3,076.2
Non-current deferred revenue	18.4	20.0
Deferred income taxes	436.2	432.7
Other liabilities	142.7	146.5
Total liabilities	6,311.6	6,172.6
Commitments and contingencies
Redeemable noncontrolling interest	22.5	19.7
Shareholders' equity:
Preferred stock	0.0	0.0
Common stock	0.0	0.0
Retained earnings	1,042.6	1,084.6
Accumulated other comprehensive loss	(1.0)	(1.0)
Total Churchill Downs Incorporated shareholders' equity	1,041.6	1,083.6
Total liabilities and shareholders' equity	$ 7,375.7	$ 7,275.9