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v3.23.2

Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
(in millions) | Northeast |  | South |  | West |  | Midwest |  | Interactive |  | Other |  | Total
Balance as of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 923.5 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 1,628.4 |  |  | $ | 87.7 |  |  | $ | 4,209.7 |
Accumulated goodwill impairment losses | (798.8) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,520.2) |
Goodwill, net | $ | 124.7 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,628.4 |  |  | $ | — |  |  | $ | 2,689.5 |
Goodwill acquired during the period | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 231.9 |  |  | $ | — |  |  | $ | 231.9 |
Effect of foreign currency exchange rates | — |  |  | — |  |  | — |  |  | — |  |  | 35.7 |  |  | — |  |  | 35.7 |
Balance as of June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross | $ | 923.5 |  |  | $ | 236.6 |  |  | $ | 216.8 |  |  | $ | 1,116.7 |  |  | $ | 1,896.0 |  |  | $ | 87.7 |  |  | $ | 4,477.3 |
Accumulated goodwill impairment losses | (798.8) |  |  | (61.0) |  |  | (16.6) |  |  | (556.1) |  |  | — |  |  | (87.7) |  |  | (1,520.2) |
Goodwill, net | $ | 124.7 |  |  | $ | 175.6 |  |  | $ | 200.2 |  |  | $ | 560.6 |  |  | $ | 1,896.0 |  |  | $ | — |  |  | $ | 2,957.1 |
Schedule of Indefinite-lived Intangible Assets | The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| June 30, 2023 |  | December 31, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,207.8 |  |  | $ | — |  |  | $ | 1,207.8 |  |  | $ | 1,207.6 |  |  | $ | — |  |  | $ | 1,207.6 |
Trademarks | 754.4 |  |  | — |  |  | 754.4 |  |  | 332.2 |  |  | — |  |  | 332.2 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 123.1 |  |  | (103.7) |  |  | 19.4 |  |  | 114.4 |  |  | (102.0) |  |  | 12.4 |
Technology | 270.0 |  |  | (105.0) |  |  | 165.0 |  |  | 249.6 |  |  | (80.4) |  |  | 169.2 |
Other | 89.9 |  |  | (18.6) |  |  | 71.3 |  |  | 27.7 |  |  | (10.9) |  |  | 16.8 |
Total other intangible assets, net | $ | 2,445.9 |  |  | $ | (227.3) |  |  | $ | 2,218.6 |  |  | $ | 1,932.2 |  |  | $ | (193.3) |  |  | $ | 1,738.9 |
Schedule of Finite-lived Intangible Assets | The table below presents the gross carrying amount, accumulated amortization, and net carrying amount of each major class of other intangible assets:
| June 30, 2023 |  | December 31, 2022
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |
Gaming licenses | $ | 1,207.8 |  |  | $ | — |  |  | $ | 1,207.8 |  |  | $ | 1,207.6 |  |  | $ | — |  |  | $ | 1,207.6 |
Trademarks | 754.4 |  |  | — |  |  | 754.4 |  |  | 332.2 |  |  | — |  |  | 332.2 |
Other | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |
Amortizing intangible assets |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 123.1 |  |  | (103.7) |  |  | 19.4 |  |  | 114.4 |  |  | (102.0) |  |  | 12.4 |
Technology | 270.0 |  |  | (105.0) |  |  | 165.0 |  |  | 249.6 |  |  | (80.4) |  |  | 169.2 |
Other | 89.9 |  |  | (18.6) |  |  | 71.3 |  |  | 27.7 |  |  | (10.9) |  |  | 16.8 |
Total other intangible assets, net | $ | 2,445.9 |  |  | $ | (227.3) |  |  | $ | 2,218.6 |  |  | $ | 1,932.2 |  |  | $ | (193.3) |  |  | $ | 1,738.9 |
Schedule of Expected Intangible Asset Amortization Expense | The following table presents the estimated amortization expense based on our amortizing intangible assets as of June 30, 2023 (in millions):
Years ending December 31, |
2023 (excluding the six months ended June 30, 2023) | $ | 39.2 |
2024 | 74.0 |
2025 | 51.0 |
2026 | 31.9 |
2027 | 28.1 |
Thereafter | 31.5 |
Total | $ | 255.7 |

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