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Other Current Liabilities
 3 Months Ended
Mar. 31, 2024
Other Liabilities, Current [Abstract]  
Other Current Liabilities
10.
OTHER CURRENT LIABILITIES
Other current liabilities consisted of the following as of March 31, 2024 and December 31, 2023:

($ in millions)
  
As of
March 31,
2024
 
  
As of
December 31,
2023
 
Accrued expenses
    $ 1,031      $ 945  
Betting duty, data rights, and product and race field fees
      444        453  
Employee benefits
      192        330  
Sports betting open positions
      110        119  
Derivatives liability
      145        156  
Current tax payables
      123        94  
Loss contingencies
      79        74  
Indirect and payroll taxes
      155        155  
Deferred consideration
      26        —   
  
 
 
     
 
 
  
Total other current liabilities
   
$
2,305
     
$
2,326
  
  
 
 
     
 
 
  
Loss contingencies include accruals related to regulatory investigations and proceedings including those relating to gaming taxes to the extent to which they may apply to our business and industry.
The Group includes contract liability in relation to sports betting open positions in the Consolidated Balance Sheet. The contract liability balance was as follows:

 
  
For the three
months ended
March 31,

2024
 
Contract liability, beginning of the reporting period
    $ 119  
Contract liability, end of the reporting period
      110  
Revenue recognized in the period from amounts included in contract liability at the beginning of the reporting period
      119  
Revenue recognized related to the contract liability for the three months ended March 31, 2023
,
was $113 million.