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Goodwill and Intangible Assets, net (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill |
Changes in Carrying Value of Goodwill by Segment |  |  |  |  |  |  |  |
(In millions) | Las Vegas |  | Regional |  | Caesars Digital |  | Managed and Branded |  | CEI Total
Gross Goodwill: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2023 | $ | 6,889 |  |  | $ | 3,093 |  |  | $ | 1,204 |  |  | $ | — |  |  | $ | 11,186 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of December 31, 2023 | 6,889 |  |  | 3,093 |  |  | 1,204 |  |  | — |  |  | 11,186 |
Accumulated Impairment: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2023 | — |  |  | (182) |  |  | — |  |  | — |  |  | (182) |
Impairment | — |  |  | (14) |  |  | — |  |  | — |  |  | (14) |
Balance as of December 31, 2023 | — |  |  | (196) |  |  | — |  |  | — |  |  | (196) |
Net carrying value, as of December 31, 2023 | $ | 6,889 |  |  | $ | 2,897 |  |  | $ | 1,204 |  |  | $ | — |  |  | $ | 10,990 |
Gross Goodwill: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 | $ | 6,889 |  |  | $ | 3,093 |  |  | $ | 1,204 |  |  | $ | — |  |  | $ | 11,186 |
Other (a) | (207) |  |  | — |  |  | — |  |  | — |  |  | (207) |
Balance as of December 31, 2024 | 6,682 |  |  | 3,093 |  |  | 1,204 |  |  | — |  |  | 10,979 |
Accumulated Impairment: |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 | — |  |  | (196) |  |  | — |  |  | — |  |  | (196) |
Impairment | — |  |  | (182) |  |  | — |  |  | — |  |  | (182) |
Balance as of December 31, 2024 | — |  |  | (378) |  |  | — |  |  | — |  |  | (378) |
Net carrying value, as of December 31, 2024 (b) | $ | 6,682 |  |  | $ | 2,715 |  |  | $ | 1,204 |  |  | $ | — |  |  | $ | 10,601 |
____________________ (a)Sale of the LINQ Promenade; see Note 3. (b)$1.0 billion of goodwill within the Regional segment and $462 million within the Las Vegas segment is associated with reporting units with zero or negative carrying value.
Changes in Carrying Amount of Intangible Assets Other than Goodwill
| Amortizing |  | Non-Amortizing |  | Total
(In millions) | 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance as of January 1 | $ | 946 |  |  | $ | 1,060 |  |  | $ | 3,577 |  |  | $ | 3,654 |  |  | $ | 4,523 |  |  | $ | 4,714 |
Impairment | — |  |  | — |  |  | (120) |  |  | (81) |  |  | (120) |  |  | (81) |
Amortization expense | (135) |  |  | (144) |  |  | — |  |  | — |  |  | (135) |  |  | (144) |
Acquisition of developed technology | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |  |  | — |
Acquisition of gaming rights and customer relationships | 26 |  |  | 30 |  |  | — |  |  | 4 |  |  | 26 |  |  | 34 |
Other (a) | (2) |  |  | — |  |  | (180) |  |  | — |  |  | (182) |  |  | — |
Balance as of December 31 | $ | 856 |  |  | $ | 946 |  |  | $ | 3,277 |  |  | $ | 3,577 |  |  | $ | 4,133 |  |  | $ | 4,523 |
____________________ (a)Includes sale of the WSOP trademark, see Note 3.
Schedule of Finite-Lived Intangible Assets |
Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill
| December 31, 2024 |  | December 31, 2023
(Dollars in millions) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 3 - 7 years |  | $ | 593 |  |  | $ | (432) |  |  | $ | 161 |  |  | $ | 587 |  |  | $ | (360) |  |  | $ | 227 |
Gaming rights and other | 10 - 34 years |  | 262 |  |  | (42) |  |  | 220 |  |  | 242 |  |  | (28) |  |  | 214 |
Trademarks | 15 years |  | 313 |  |  | (109) |  |  | 204 |  |  | 313 |  |  | (91) |  |  | 222 |
Reacquired rights | 24 years |  | 250 |  |  | (38) |  |  | 212 |  |  | 250 |  |  | (28) |  |  | 222 |
Technology | 3 - 6 years |  | 129 |  |  | (70) |  |  | 59 |  |  | 110 |  |  | (49) |  |  | 61 |
|  |  | $ | 1,547 |  |  | $ | (691) |  |  | 856 |  |  | $ | 1,502 |  |  | $ | (556) |  |  | 946 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  | 1,771 |  |  |  |  |  |  | 1,998 |
Gaming rights |  |  |  |  |  |  | 983 |  |  |  |  |  |  | 1,056 |
Caesars Rewards |  |  |  |  |  |  | 523 |  |  |  |  |  |  | 523 |
|  |  |  |  |  |  | 3,277 |  |  |  |  |  |  | 3,577 |
Total amortizing and non-amortizing intangible assets, net |  | $ | 4,133 |  |  |  |  |  |  | $ | 4,523 |
Schedule of Indefinite-Lived Intangible Assets |
Gross Carrying Amount and Accumulated Amortization of Intangible Assets Other Than Goodwill
| December 31, 2024 |  | December 31, 2023
(Dollars in millions) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 3 - 7 years |  | $ | 593 |  |  | $ | (432) |  |  | $ | 161 |  |  | $ | 587 |  |  | $ | (360) |  |  | $ | 227 |
Gaming rights and other | 10 - 34 years |  | 262 |  |  | (42) |  |  | 220 |  |  | 242 |  |  | (28) |  |  | 214 |
Trademarks | 15 years |  | 313 |  |  | (109) |  |  | 204 |  |  | 313 |  |  | (91) |  |  | 222 |
Reacquired rights | 24 years |  | 250 |  |  | (38) |  |  | 212 |  |  | 250 |  |  | (28) |  |  | 222 |
Technology | 3 - 6 years |  | 129 |  |  | (70) |  |  | 59 |  |  | 110 |  |  | (49) |  |  | 61 |
|  |  | $ | 1,547 |  |  | $ | (691) |  |  | 856 |  |  | $ | 1,502 |  |  | $ | (556) |  |  | 946 |
Non-amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  |  |  |  |  | 1,771 |  |  |  |  |  |  | 1,998 |
Gaming rights |  |  |  |  |  |  | 983 |  |  |  |  |  |  | 1,056 |
Caesars Rewards |  |  |  |  |  |  | 523 |  |  |  |  |  |  | 523 |
|  |  |  |  |  |  | 3,277 |  |  |  |  |  |  | 3,577 |
Total amortizing and non-amortizing intangible assets, net |  | $ | 4,133 |  |  |  |  |  |  | $ | 4,523 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated Five-Year Amortization
| Years Ended December 31,
(In millions) | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Estimated annual amortization expense | $ | 132 |  |  | $ | 132 |  |  | $ | 86 |  |  | $ | 45 |  |  | $ | 44 |

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