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Property and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment | 4. PROPERTY AND EQUIPMENT Property and equipment, net is comprised of the following:
| December 31,
(in millions) | 2024 |  | 2023
Grandstands and buildings | $ | 2,258.0 |  |  | $ | 1,460.6 |
Equipment | 847.5 |  |  | 685.2 |
Tracks and other improvements | 411.1 |  |  | 369.2 |
Land | 164.3 |  |  | 162.9 |
Furniture and fixtures | 199.3 |  |  | 180.4 |
Construction in progress | 140.3 |  |  | 668.5 |
| 4,020.5 |  |  | 3,526.8 |
Accumulated depreciation | (1,168.6) |  |  | (988.4) |
Subtotal | 2,851.9 |  |  | 2,538.4 |
Operating lease right-of-use assets | 23.0 |  |  | 22.8 |
Total | $ | 2,874.9 |  |  | $ | 2,561.2 |
Depreciation expense was $188.0 million in 2024, $161.8 million in 2023 and $109.0 million in 2022 and is classified in operating expense in the accompanying Consolidated Statements of Comprehensive Income.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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