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Other Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Other Intangible Assets | 7. OTHER INTANGIBLE ASSETS Other intangible assets, net is comprised of the following:
| December 31, 2023 |  | December 31, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Favorable contracts | $ | 11.0 |  |  | $ | (10.7) |  |  | $ | 0.3 |  |  | $ | 11.0 |  |  | $ | (10.1) |  |  | $ | 0.9 |
Other | 29.7 |  |  | (6.6) |  |  | 23.1 |  |  | 10.2 |  |  | (5.5) |  |  | 4.7 |
Customer relationships | 26.0 |  |  | (3.9) |  |  | 22.1 |  |  | 4.7 |  |  | (3.3) |  |  | 1.4 |
Technology asset | 23.9 |  |  | (2.0) |  |  | 21.9 |  |  | — |  |  | — |  |  | — |
Gaming licenses | 6.9 |  |  | (3.2) |  |  | 3.7 |  |  | 5.1 |  |  | (2.5) |  |  | 2.6 |
| $ | 97.5 |  |  | $ | (26.4) |  |  | $ | 71.1 |  |  | $ | 31.0 |  |  | $ | (21.4) |  |  | $ | 9.6 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  | 121.5 |  |  |  |  |  |  | 125.7 |
Gaming rights |  |  |  |  | 2,225.8 |  |  |  |  |  |  | 2,256.5 |
Total |  |  |  |  | $ | 2,418.4 |  |  |  |  |  |  | $ | 2,391.8 |
During 2022, we established indefinite-lived intangibles assets of $5.0 million for gaming rights associated with the planned development of Terre Haute. We also established indefinite-lived intangible assets of $82.2 million for the gaming rights related to the Chasers Transaction, as well as, $47.4 million for gaming rights and $3.6 million for trademarks related to the Ellis Park Transaction. We also established indefinite-lived intangible assets of $1.9 billion for the gaming rights and $75.9 million for the trademarks related to the P2E Transaction. During 2023, we established definite-lived intangible assets of $54.3 million for the technology asset, customer relationships, trademark, and other intangibles related to the Exacta Transaction. Refer to Note 3, Acquisitions for further information on these transactions. Amortization expense for definite-lived intangible assets was $7.2 million in 2023, $4.7 million in 2022, and $4.8 million in 2021, and is classified in operating expense in the accompanying Consolidated Statements of Comprehensive Income. Indefinite-lived intangible assets consist primarily of trademarks and state gaming rights in Indiana, Maine, Maryland, Mississippi, Louisiana, Kentucky, New Hampshire, New York, Iowa, and Virginia. Refer to Note 8, Asset Impairments for information regarding intangible asset impairments recognized during 2022 and 2023. We performed our annual indefinite-lived intangible assets impairment analysis as of April 1, 2023, which included an assessment of qualitative and quantitative factors to determine whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying amount. We concluded that the fair values of our indefinite-lived intangible assets exceeded their carrying value other than impairments described in Note 8, Asset Impairments. Future estimated aggregate amortization expense on existing definite-lived intangible assets for each of the next five fiscal years is as follows (in millions):
Years Ended December 31, |  | Estimated Amortization Expense
2024 |  | $ | 8.9 |
2025 |  | 8.1 |
2026 |  | 7.7 |
2027 |  | 7.4 |
2028 |  | 7.3 |

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