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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net revenue:    
Net revenue $ 590.9 $ 559.5
Operating expense:    
Selling, general and administrative expense 54.8 52.3
Transaction expense, net 4.1 (0.2)
Total operating expense 464.6 439.6
Operating income 126.3 119.9
Other (expense) income:    
Interest expense, net (70.4) (64.7)
Equity in income of unconsolidated affiliates 37.8 38.3
Gain on sale of Arlington 0.0 114.0
Miscellaneous, net 8.1 1.4
Total other (expense) income (24.5) 89.0
Income from operations before provision for income taxes 101.8 208.9
Income tax provision (21.4) (53.2)
Net income $ 80.4 $ 155.7
Net income per common share data:    
Basic net income (in dollars per share) $ 1.09 $ 2.07
Diluted net income (in dollars per share) $ 1.08 $ 2.05
Weighted average shares outstanding:    
Basic (in shares) 74,100 75,300
Diluted (in shares) 74,700 76,100
Live and Historical    
Net revenue:    
Net revenue $ 245.1 $ 214.4
Operating expense:    
Operating expense 157.2 143.3
TwinSpires    
Net revenue:    
Net revenue 106.6 94.8
Operating expense:    
Operating expense 67.9 65.7
Gaming    
Net revenue:    
Net revenue 239.2 250.0
Operating expense:    
Operating expense 178.5 173.5
All Other    
Net revenue:    
Net revenue 0.0 0.3
Operating expense:    
Operating expense $ 2.1 $ 5.0