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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Common Stock
Treasury Stock
Addi- tional Paid-In Capital
Retained Earnings (Accum- ulated Deficit)
Retained Earnings (Accum- ulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Total Penn National Stock- holders’ Equity
Total Penn National Stock- holders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Non-Control- ling Interest
Beginning balance (in shares) at Dec. 31, 2018     0 116,687,808              
Beginning balance at Dec. 31, 2018 $ 731.2 $ 1,085.7 $ 0.0 $ 1.2 $ (28.4) $ 1,726.4 $ (968.0) $ 1,085.7 $ 731.2 $ 1,085.7 $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based compensation arrangements (in shares)       461,280              
Share-based compensation arrangements 11.4         11.4     11.4    
Share repurchases (in shares)       (1,271,823)              
Share repurchases (24.9)         (24.9)     (24.9)    
Net income (loss) 136.0           136.4   136.4   (0.4)
Ending balance (in shares) at Sep. 30, 2019     0 115,877,265              
Ending balance at Sep. 30, 2019 $ 1,939.4   $ 0.0 $ 1.2 (28.4) 1,712.9 254.1   1,939.8   (0.4)
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                    
Beginning balance (in shares) at Dec. 31, 2018     0 116,687,808              
Beginning balance at Dec. 31, 2018 $ 731.2 1,085.7 $ 0.0 $ 1.2 (28.4) 1,726.4 (968.0) 1,085.7 731.2 1,085.7 0.0
Ending balance (in shares) at Dec. 31, 2019     0 115,958,259              
Ending balance at Dec. 31, 2019 1,851.9 0.6 $ 0.0 $ 1.2 (28.4) 1,718.3 161.6 0.6 1,852.7 0.6 (0.8)
Beginning balance (in shares) at Jun. 30, 2019     0 115,869,769              
Beginning balance at Jun. 30, 2019 1,891.7   $ 0.0 $ 1.2 (28.4) 1,708.9 210.2   1,891.9   (0.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based compensation arrangements (in shares)       7,496              
Share-based compensation arrangements 4.0         4.0     4.0    
Net income (loss) 43.7           43.9   43.9   (0.2)
Ending balance (in shares) at Sep. 30, 2019     0 115,877,265              
Ending balance at Sep. 30, 2019 $ 1,939.4   $ 0.0 $ 1.2 (28.4) 1,712.9 254.1   1,939.8   (0.4)
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                    
Beginning balance (in shares) at Dec. 31, 2019     0 115,958,259              
Beginning balance at Dec. 31, 2019 $ 1,851.9 $ 0.6 $ 0.0 $ 1.2 (28.4) 1,718.3 161.6 $ 0.6 1,852.7 $ 0.6 (0.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based compensation arrangements (in shares)       4,028,992              
Share-based compensation arrangements 61.0         61.0     61.0    
Common stock offering (Note 14) (in shares)       35,266,667              
Common stock offering (Note 15) 1,288.8     $ 0.4   1,288.4     1,288.8    
Convertible debt offering (Note 10) $ 88.2         88.2     88.2    
Barstool Sports investment (Note 12) (in shares) 883                    
Barstool Sports investment (Note 12) $ 23.1   $ 23.1           23.1    
Net income (loss) (681.8)           (680.6)   (680.6)   (1.2)
Other (0.1)         (0.1)     (0.1)    
Ending balance (in shares) at Sep. 30, 2020     883 155,253,918              
Ending balance at Sep. 30, 2020 2,631.7   $ 23.1 $ 1.6 (28.4) 3,155.8 (518.4)   2,633.7   (2.0)
Beginning balance (in shares) at Jun. 30, 2020     883 137,435,090              
Beginning balance at Jun. 30, 2020 1,504.9   $ 23.1 $ 1.4 (28.4) 2,170.4 (660.3)   1,506.2   (1.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Share-based compensation arrangements (in shares)       1,718,828              
Share-based compensation arrangements 28.3         28.3     28.3    
Common stock offering (Note 14) (in shares)       16,100,000              
Common stock offering (Note 15) 957.6     $ 0.2   957.4     957.6    
Net income (loss) 141.2           141.9   141.9   (0.7)
Other (0.3)         (0.3)     (0.3)    
Ending balance (in shares) at Sep. 30, 2020     883 155,253,918              
Ending balance at Sep. 30, 2020 $ 2,631.7   $ 23.1 $ 1.6 $ (28.4) $ 3,155.8 $ (518.4)   $ 2,633.7   $ (2.0)