Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 180.5	$ 175.5
Restricted cash	88.0	77.2
Accounts receivable, net	89.7	98.7
Income taxes receivable	0.0	14.5
Other current assets	56.7	46.4
Total current assets	414.9	412.3
Property and equipment, net	2,925.5	2,874.9
Investment in and advances to unconsolidated affiliates	674.9	661.2
Goodwill	900.2	900.2
Other intangible assets, net	2,517.8	2,409.0
Other assets	21.5	18.3
Total assets	7,454.8	7,275.9
Current liabilities:
Accounts payable	194.0	180.3
Accrued expenses and other current liabilities	411.6	402.0
Income taxes payable	28.0	0.0
Current deferred revenue	27.8	52.9
Current maturities of long-term debt	63.1	63.1
Dividends payable	0.7	31.0
Total current liabilities	725.2	729.3
Long-term debt, net of current maturities and loan origination fees	1,963.2	1,767.9
Notes payable, net of debt issuance costs	3,079.9	3,076.2
Non-current deferred revenue	18.5	20.0
Deferred income taxes	490.8	432.7
Other liabilities	98.1	146.5
Total liabilities	6,375.7	6,172.6
Commitments and contingencies
Redeemable noncontrolling interest	44.2	19.7
Shareholders' equity:
Preferred stock	0.0	0.0
Common stock	0.0	0.0
Retained earnings	1,035.9	1,084.6
Accumulated other comprehensive loss	(1.0)	(1.0)
Total Churchill Downs Incorporated shareholders' equity	1,034.9	1,083.6
Total liabilities and shareholders' equity	$ 7,454.8	$ 7,275.9