Goodwill

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GOODWILL

Goodwill, by segment, is comprised of the following:

(in millions)	Live and Historical		TwinSpires		Gaming		All Other		Total
Balances as of December 31, 2019	$	52.7	$	152.2	$	161.2	$	1.0	$	367.1
Adjustments	(0.3)		—		—		—		(0.3)
Balances as of December 31, 2020	52.4		152.2		161.2		1.0		366.8
Adjustments	—		—		—		—		—
Balances as of December 31, 2021	$	52.4	$	152.2	$	161.2	$	1.0	$	366.8

In 2019, we established goodwill of $26.1 million related to the Presque Isle Transaction, and $3.0 million related to the Turfway Park Acquisition.

We performed our annual goodwill impairment analysis as of April 1, 2021. We assessed goodwill for impairment by performing qualitative or quantitative analyses for each reporting unit. Based on the results of these analyses, no goodwill impairments were identified in connection with our annual impairment testing.

In the first quarter of 2021, we realigned our segments as described in Note 1, Description of Business. This change resulted in the allocation of $4.0 million of goodwill from the Gaming segment to the TwinSpires segment based on the relative fair value approach. The Company evaluated whether an interim goodwill impairment test should be performed as a result of our segment changes. Based on this evaluation, the Company determined this event did not indicate it was more likely than not that a goodwill impairment exists.