XML 75 R62.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value Measurements - Carrying Amounts and Estimated Fair Values by Input Level (Details) - USD ($) $ in Millions | Jun. 30, 2021 | Dec. 31, 2020 | Jan. 19, 2017
--- | --- | --- | ---
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Interest rate | 5.625% |  |
Financial assets: |  |  |
Equity securities | $ 161.9 | $ 143.1 |
Senior Notes | 5.625% Notes |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Interest rate | 5.625% | 5.625% | 5.625%
Recurring | Level 1 |  |  |
Financial assets: |  |  |
Cash and cash equivalents | $ 2,274.7 | $ 1,853.8 |
Equity securities | 0.0 | 0.0 |
Held-to-maturity securities | 0.0 | 0.0 |
Promissory notes | 0.0 | 0.0 |
Puts and calls related to certain Barstool Sports shares | 0.0 |  |
Financial liabilities: |  |  |
Other liabilities | 0.0 | 0.0 |
Puts and calls related to certain Barstool Sports shares |  | 0.0 |
Recurring | Level 1 | Senior Secured Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,588.7 | 1,609.3 |
Recurring | Level 1 | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 415.0 | 418.0 |
Recurring | Level 1 | Senior Notes | 2.75% Convertible Notes due 2026 |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,093.9 | 1,274.5 |
Recurring | Level 1 | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 2 |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 0.0 | 0.0 |
Equity securities | 161.9 | 143.1 |
Held-to-maturity securities | 6.7 | 6.7 |
Promissory notes | 15.1 | 15.1 |
Puts and calls related to certain Barstool Sports shares | 2.8 |  |
Financial liabilities: |  |  |
Other liabilities | 2.6 | 2.8 |
Puts and calls related to certain Barstool Sports shares |  | 0.3 |
Recurring | Level 2 | Senior Secured Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 2 | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 2 | Senior Notes | 2.75% Convertible Notes due 2026 |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 2 | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 62.0 | 72.8 |
Recurring | Level 3 |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 0.0 | 0.0 |
Equity securities | 0.0 | 0.0 |
Held-to-maturity securities | 0.0 | 0.0 |
Promissory notes | 0.0 | 0.0 |
Puts and calls related to certain Barstool Sports shares | 0.0 |  |
Financial liabilities: |  |  |
Other liabilities | 11.6 | 7.3 |
Puts and calls related to certain Barstool Sports shares |  | 0.0 |
Recurring | Level 3 | Senior Secured Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 3 | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 3 | Senior Notes | 2.75% Convertible Notes due 2026 |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 3 | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 77.7 | 0.0 |
Recurring | Carrying Amount |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 2,274.7 | 1,853.8 |
Equity securities | 161.9 | 143.1 |
Held-to-maturity securities | 6.7 | 6.7 |
Promissory notes | 15.1 | 15.1 |
Puts and calls related to certain Barstool Sports shares | 2.8 |  |
Financial liabilities: |  |  |
Other liabilities | 14.4 | 10.1 |
Puts and calls related to certain Barstool Sports shares |  | 0.3 |
Recurring | Carrying Amount | Senior Secured Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,572.4 | 1,600.3 |
Recurring | Carrying Amount | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 399.5 | 399.5 |
Recurring | Carrying Amount | Senior Notes | 2.75% Convertible Notes due 2026 |  |  |
Financial liabilities: |  |  |
Long-term debt | 246.5 | 239.8 |
Recurring | Carrying Amount | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 141.9 | 73.0 |
Recurring | Fair Value |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 2,274.7 | 1,853.8 |
Equity securities | 161.9 | 143.1 |
Held-to-maturity securities | 6.7 | 6.7 |
Promissory notes | 15.1 | 15.1 |
Puts and calls related to certain Barstool Sports shares | 2.8 |  |
Financial liabilities: |  |  |
Other liabilities | 14.2 | 10.1 |
Puts and calls related to certain Barstool Sports shares |  | 0.3 |
Recurring | Fair Value | Senior Secured Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,588.7 | 1,609.3 |
Recurring | Fair Value | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 415.0 | 418.0 |
Recurring | Fair Value | Senior Notes | 2.75% Convertible Notes due 2026 |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,093.9 | 1,274.5 |
Recurring | Fair Value | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | $ 139.7 | $ 72.8 |

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 + Details
Name: | us-gaap_DebtInstrumentFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=123594786&loc=SL75136599-209740 + Details
Name: | us-gaap_EquitySecuritiesFvNi
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27232-111563 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=SL120269820-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_NotesReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of other liabilities. + References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=penn_SeniorNotesDue2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=penn_ConvertibleNotesDue2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableOtherPayablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |