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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net revenue:        
Net revenue $ 683.0 $ 628.5 $ 2,260.0 $ 2,110.1
Operating expense:        
Selling, general and administrative expense 59.3 59.8 174.7 172.0
Asset impairments, net 45.1 3.9 47.5 3.9
Transaction expense, net 1.9 (4.0) 3.4 0.7
Total operating expense 585.0 502.6 1,699.7 1,527.9
Operating income 98.0 125.9 560.3 582.2
Other (expense) income:        
Interest expense, net (75.6) (73.1) (222.1) (217.0)
Equity in income of unconsolidated affiliates 35.0 33.4 105.4 108.9
Miscellaneous, net 3.8 (0.1) 5.5 8.1
Total other (expense) income (36.8) (39.8) (111.2) (100.0)
Income from operations before provision for income taxes 61.2 86.1 449.1 482.2
Income tax provision (22.0) (19.9) (115.1) (125.4)
Net income 39.2 66.2 334.0 356.8
Net income attributable to noncontrolling interests 1.1 0.8 2.3 1.7
Net income attributable to Churchill Downs Incorporated $ 38.1 $ 65.4 $ 331.7 $ 355.1
Net income attributable to Churchill Downs Incorporated per common share data:        
Basic net income (in dollars per share) $ 0.54 $ 0.87 $ 4.59 $ 4.78
Diluted net income (in dollars per share) $ 0.54 $ 0.86 $ 4.55 $ 4.73
Weighted average shares outstanding:        
Basic (in shares) 70,300 73,900 71,900 74,000
Diluted (in shares) 71,000 74,600 72,500 74,600
Live and Historical Racing        
Net revenue:        
Net revenue $ 300.0 $ 247.5 $ 1,082.4 $ 957.3
Operating expense:        
Operating expense 205.6 171.3 651.4 549.9
Wagering Services and Solutions        
Net revenue:        
Net revenue 118.0 111.3 383.3 369.6
Operating expense:        
Operating expense 77.1 72.3 235.1 229.5
Gaming        
Net revenue:        
Net revenue 265.0 269.7 794.2 783.1
Operating expense:        
Operating expense 191.1 194.8 574.5 561.7
All Other        
Net revenue:        
Net revenue 0.0 0.0 0.1 0.1
Operating expense:        
Operating expense $ 4.9 $ 4.5 $ 13.1 $ 10.2