Net Income Per Common Share Computations (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of the numerator and denominator of the net income per common share computations:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share data)	2025		2024		2025		2024
Numerator for basic and diluted net income per common share:
Net income attributable to Churchill Downs Incorporated	$	38.1	$	65.4	$	331.7	$	355.1
Adjustments related to redeemable noncontrolling interests	(0.2)		(1.0)		(1.8)		(1.8)
Net income attributable to common shareholders	$	37.9	$	64.4	$	329.9	$	353.3
Denominator for net income per common share:
Basic	70.3		73.9		71.9		74.0
Plus dilutive effect of stock awards	0.7		0.7		0.6		0.6
Diluted	71.0		74.6		72.5		74.6
Net income per common share data:
Basic net income	$	0.54	$	0.87	$	4.59	$	4.78
Diluted net income	$	0.54	$	0.86	$	4.55	$	4.73