XML 85 R69.htm IDEA: XBRL DOCUMENT
v3.25.1

Fair Value Measurements - Schedule of Carrying Amounts and Estimated Fair Values by Input Level (Details) - USD ($) $ in Millions | Mar. 31, 2025 | Dec. 31, 2024 | May 31, 2020
--- | --- | --- | ---
Senior Notes | 5.625% Notes |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Interest rate | 5.625% | 5.625% |
Senior Notes | 4.125% Notes due 2029 |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Interest rate | 4.125% | 4.125% |
Convertible Notes | Convertible Notes |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Interest rate | 2.75% |  | 2.75%
Recurring | Level 1 |  |  |
Financial assets: |  |  |
Cash and cash equivalents | $ 591.6 | $ 706.6 |
Equity securities | 11.4 | 10.6 |
Available-for-sale debt securities | 0.0 | 0.0 |
Held-to-maturity securities | 0.0 | 0.0 |
Promissory notes | 0.0 | 0.0 |
Financial liabilities: |  |  |
Other liabilities | 0.0 | 0.0 |
Recurring | Level 1 | Amended Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 1 | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 1 | Senior Notes | 4.125% Notes due 2029 |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 1 | Convertible Notes | Convertible Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
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 | 0.0 | 0.0 |
Available-for-sale debt securities | 0.0 | 0.0 |
Held-to-maturity securities | 6.7 | 6.7 |
Promissory notes | 7.9 | 7.9 |
Financial liabilities: |  |  |
Other liabilities | 2.7 | 2.7 |
Recurring | Level 2 | Amended Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,500.9 | 1,453.9 |
Recurring | Level 2 | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 392.0 | 393.0 |
Recurring | Level 2 | Senior Notes | 4.125% Notes due 2029 |  |  |
Financial liabilities: |  |  |
Long-term debt | 357.0 | 356.0 |
Recurring | Level 2 | Convertible Notes | Convertible Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 340.4 | 355.7 |
Recurring | Level 2 | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 7.6 | 8.1 |
Recurring | Level 3 |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 0.0 | 0.0 |
Equity securities | 0.0 | 0.0 |
Available-for-sale debt securities | 31.5 | 31.5 |
Held-to-maturity securities | 0.0 | 0.0 |
Promissory notes | 0.0 | 0.0 |
Financial liabilities: |  |  |
Other liabilities | 41.9 | 41.9 |
Recurring | Level 3 | Amended 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 | 4.125% Notes due 2029 |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 3 | Convertible Notes | Convertible Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 0.0 |
Recurring | Level 3 | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 0.0 | 201.2 |
Recurring | Carrying Amount |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 591.6 | 706.6 |
Equity securities | 11.4 | 10.6 |
Available-for-sale debt securities | 31.5 | 31.5 |
Held-to-maturity securities | 6.7 | 6.7 |
Promissory notes | 7.9 | 7.9 |
Financial liabilities: |  |  |
Other liabilities | 44.6 | 44.6 |
Recurring | Carrying Amount | Amended Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,489.2 | 1,437.0 |
Recurring | Carrying Amount | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 399.9 | 399.8 |
Recurring | Carrying Amount | Senior Notes | 4.125% Notes due 2029 |  |  |
Financial liabilities: |  |  |
Long-term debt | 395.7 | 395.5 |
Recurring | Carrying Amount | Convertible Notes | Convertible Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 328.3 | 327.9 |
Recurring | Carrying Amount | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | 8.6 | 210.5 |
Recurring | Fair Value |  |  |
Financial assets: |  |  |
Cash and cash equivalents | 591.6 | 706.6 |
Equity securities | 11.4 | 10.6 |
Available-for-sale debt securities | 31.5 | 31.5 |
Held-to-maturity securities | 6.7 | 6.7 |
Promissory notes | 7.9 | 7.9 |
Financial liabilities: |  |  |
Other liabilities | 44.6 | 44.6 |
Recurring | Fair Value | Amended Credit Facilities |  |  |
Financial liabilities: |  |  |
Long-term debt | 1,500.9 | 1,453.9 |
Recurring | Fair Value | Senior Notes | 5.625% Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 392.0 | 393.0 |
Recurring | Fair Value | Senior Notes | 4.125% Notes due 2029 |  |  |
Financial liabilities: |  |  |
Long-term debt | 357.0 | 356.0 |
Recurring | Fair Value | Convertible Notes | Convertible Notes |  |  |
Financial liabilities: |  |  |
Long-term debt | 340.4 | 355.7 |
Recurring | Fair Value | Other long-term obligations |  |  |
Financial liabilities: |  |  |
Long-term debt | $ 7.6 | $ 209.3 |

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481830/320-10-45-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479130/326-30-45-1 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecuritiesCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 + 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483467/210-10-45-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482736/825-10-45-1A + 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 + 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-10 + 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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_SeniorUnsecuredNotesDue2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=penn_SeniorUnsecuredNotesDue2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleDebtMember
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_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_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: |