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v3.24.3

Segment Information - Schedule of Adjusted EBITDA by Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Segment Reporting Information [Line Items] |  |  |  |
Adjusted EBITDA | $ 235.3 | $ 218.2 | $ 922.6 | $ 804.8
Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Adjusted EBITDA | 258.8 | 237.1 | 988.1 | 858.9
Live and Historical Racing | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 252.4 | 225.5 | 991.5 | 849.3
Gaming taxes and purses | (66.7) | (62.0) | (231.7) | (203.9)
Marketing and advertising | (9.3) | (7.6) | (31.1) | (27.9)
Salaries and benefits | (31.1) | (27.9) | (94.4) | (80.0)
Content expense | (1.7) | (1.6) | (5.1) | (5.1)
Selling, general and administrative expense | (9.4) | (7.4) | (26.7) | (23.4)
Maintenance, insurance and utilities | (12.8) | (12.5) | (34.6) | (31.9)
Property and other taxes | (1.9) | (1.7) | (6.4) | (4.4)
Other operating expense | (26.6) | (24.8) | (88.8) | (87.3)
Other income | 0.1 | 0.9 | 0.3 | 1.1
Adjusted EBITDA | 93.0 | 80.9 | 473.0 | 386.5
TwinSpires | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 118.7 | 112.4 | 392.7 | 347.8
Gaming taxes and purses | (5.5) | (5.8) | (17.7) | (17.8)
Marketing and advertising | (1.4) | (1.3) | (7.5) | (8.0)
Salaries and benefits | (8.0) | (7.0) | (23.9) | (20.7)
Content expense | (45.9) | (49.4) | (163.2) | (161.1)
Selling, general and administrative expense | (4.2) | (3.0) | (13.0) | (8.1)
Maintenance, insurance and utilities | (1.1) | (0.9) | (3.1) | (2.6)
Property and other taxes | (0.1) | (0.2) | (0.2) | (0.3)
Other operating expense | (10.0) | (10.9) | (35.8) | (33.1)
Other income | 0.0 | 0.0 | 0.0 | 1.1
Adjusted EBITDA | 42.5 | 33.9 | 128.3 | 97.2
Gaming | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 270.3 | 244.9 | 787.9 | 744.4
Gaming taxes and purses | (87.8) | (81.4) | (251.8) | (246.7)
Marketing and advertising | (9.5) | (8.9) | (26.5) | (26.5)
Salaries and benefits | (42.7) | (35.2) | (121.0) | (109.2)
Content expense | (2.3) | (2.4) | (6.7) | (6.9)
Selling, general and administrative expense | (11.9) | (9.9) | (33.9) | (32.4)
Maintenance, insurance and utilities | (11.7) | (10.3) | (32.4) | (29.7)
Property and other taxes | (4.0) | (3.6) | (10.7) | (9.9)
Other operating expense | (21.1) | (18.2) | (59.8) | (52.5)
Other income | 44.0 | 47.3 | 141.7 | 144.6
Adjusted EBITDA | $ 123.3 | $ 122.3 | $ 386.8 | $ 375.2

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