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v3.24.0.1

Segment Information - Reconciliation of Comprehensive Income to Adjusted EBITDA by Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Segment Reporting Information [Line Items] |  |  |  |  |  |
Net income and comprehensive income |  |  |  | $ 417.3 | $ 439.4 | $ 249.1
Depreciation and amortization |  |  |  | 169.0 | 113.7 | 103.2
Interest expense, net |  |  |  | 268.4 | 147.3 | 84.7
Income tax provision |  |  |  | 144.5 | 169.4 | 94.5
EBITDA |  |  |  | 999.2 | 869.8 | 531.5
Stock-based compensation expense |  |  |  | 32.9 | 31.8 | 27.8
Legal reserve |  |  |  | (1.2) | 3.8 | 0.0
Pre-opening expense |  |  |  | 18.6 | 13.2 | 5.8
Arlington exit costs |  |  |  | 9.4 | 5.7 | 5.3
Other expenses, net |  |  |  | 7.0 | 1.7 | 0.2
Transaction expense, net |  |  |  | 4.8 | 42.1 | 2.6
Non-cash impairment charge |  |  |  | 24.6 | 38.3 | 15.3
Interest, depreciation and amortization expense related to equity investments |  |  |  | 40.2 | 42.8 | 41.5
Other charges and recoveries, net |  |  |  | 2.4 | 1.0 | 0.0
Gain on sale of assets |  |  |  | (114.0) | (274.6) | 0.0
Total adjustments to EBITDA |  |  |  | 24.7 | (106.2) | 95.5
Adjusted EBITDA |  |  |  | 1,023.9 | 763.6 | 627.0
Rivers Des Plaines |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Changes in fair value of Rivers Des Plaines' interest rate swaps |  |  |  | 0.0 | (12.6) | (12.9)
Rivers Des Plaines' legal reserves and transaction costs |  |  |  | 0.0 | 0.6 | 9.9
Operating Segments |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Adjusted EBITDA |  |  |  | 1,096.1 | 823.5 | 669.6
All Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Adjusted EBITDA |  |  |  | (72.2) | (59.9) | (42.6)
Live and Historical Racing |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Non-cash impairment charge |  |  | $ 11.2 |  |  |
Live and Historical Racing | Operating Segments |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Adjusted EBITDA |  |  |  | 475.4 | 287.5 | 175.0
TwinSpires |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Non-cash impairment charge | $ 4.9 | $ 4.1 |  |  |  |
TwinSpires | Operating Segments |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Adjusted EBITDA |  |  |  | 132.1 | 114.1 | 82.7
Gaming | Operating Segments |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Adjusted EBITDA |  |  |  | $ 488.6 | $ 421.9 | $ 411.9

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