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Discontinued Operations | 9 Months Ended
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Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | We completed the Divestitures in 2022 and reflected the prior period financial results of the Divested Businesses as discontinued operations in our consolidated statements of operations. For the sale of our former Lottery Business completed during the second quarter of 2022, we received $5.7 billion in gross cash proceeds and recorded a pre-tax gain of $4.6 billion. For the sale of our former Sports Betting Business completed during the third quarter of 2022, we received $796 million in gross proceeds and recorded a pre-tax gain of $362 million. The summarized results of our discontinued operations were as follows:
|  |  | Three Months Ended September 30, 2022 |  |  |  | Nine Months Ended September 30, 2022
Total revenue |  |  | $ | 32 |  |  |  |  | $ | 371 |
Total cost of revenue |  |  | 9 |  |  |  |  | 177 |
Other operating expenses(1) |  |  | 31 |  |  |  |  | 180 |
Operating (loss) income |  |  | (8) |  |  |  |  | 14 |
Total other income, net |  |  | 2 |  |  |  |  | 10 |
Net (loss) income from discontinued operations before income taxes |  |  | (6) |  |  |  |  | 24 |
Gain on sale of discontinued operations before income taxes |  |  | 362 |  |  |  |  | 4,930 |
Total net income from discontinued operations before income taxes |  |  | 356 |  |  |  |  | 4,954 |
Income tax expense |  |  | (41) |  |  |  |  | (1,099) |
Net income from discontinued operations, net of tax included in the consolidated statement of operations |  |  | $ | 315 |  |  |  |  | $ | 3,855 |
(1) The three and nine months ended September 30, 2022 include stock-based compensation of $7 million and $18 million, respectively, and $7 million and $85 million, respectively, related to direct transaction closing fees.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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