Revenue Disaggregation

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue Disaggregation

Revenue Disaggregation

Our revenues are generated principally by providing the following types of services: (i) gaming, inclusive of retail sports betting, iCasino, and online sports betting; (ii) food and beverage; (iii) hotel; (iv) advertising; (v) retail; and (vi) other. Other revenues are principally comprised of PENN Interactive’s revenue from third-party online sports betting and/or iCasino operators and the related gross-up for taxes, racing operations, and commissions received on ATM transactions. Our revenue is disaggregated by type of revenue and geographic location of the related properties, which is consistent with our reportable segments, as follows:

	For the three months ended September 30, 2023
(in millions)	Northeast		South		West		Midwest		Interactive (1)		Other		Intersegment Eliminations (2)		Total
Revenues:
Gaming	$	610.8	$	236.8	$	94.5	$	260.1	$	49.9	$	—	$	—	$	1,252.1
Food and beverage	35.4		35.5		18.2		15.0		—		0.5		—		104.6
Hotel	16.9		25.5		17.5		10.8		—		—		—		70.7
Advertising	—		—		—		—		19.8		—		—		19.8
Retail	1.8		1.5		1.4		1.0		6.0		—		—		11.7
Other	22.1		8.9		3.5		6.5		120.6		4.0		(5.1)		160.5
Total revenues	$	687.0	$	308.2	$	135.1	$	293.4	$	196.3	$	4.5	$	(5.1)	$	1,619.4

	For the three months ended September 30, 2022
(in millions)	Northeast		South		West		Midwest		Interactive (1)		Other		Intersegment Eliminations (2)		Total
Revenues:
Gaming	$	616.8	$	260.0	$	102.8	$	268.7	$	69.2	$	—	$	—	$	1,317.5
Food and beverage	32.6		32.8		21.7		13.7		—		0.5		—		101.3
Hotel	13.0		26.4		25.7		9.1		—		—		—		74.2
Advertising	—		—		—		—		7.2		—		—		7.2
Retail	1.6		1.6		1.8		0.4		—		—		—		5.4
Other	21.4		9.0		4.5		6.5		82.3		3.7		(8.0)		119.4
Total revenues	$	685.4	$	329.8	$	156.5	$	298.4	$	158.7	$	4.2	$	(8.0)	$	1,625.0

	For the nine months ended September 30, 2023
(in millions)	Northeast		South		West		Midwest		Interactive (1)		Other		Intersegment Eliminations (2)		Total
Revenues:
Gaming	$	1,856.6	$	728.0	$	281.3	$	787.5	$	216.1	$	—	$	—	$	3,869.5
Food and beverage	108.3		100.8		53.5		44.4		—		2.7		—		309.7
Hotel	42.9		72.1		45.5		28.4		—		—		—		188.9
Advertising	—		—		—		—		92.5		—		—		92.5
Retail	5.6		4.5		4.0		2.4		29.8		—		—		46.3
Other	62.1		25.9		10.5		19.3		348.9		13.8		(19.9)		460.6
Total revenues	$	2,075.5	$	931.3	$	394.8	$	882.0	$	687.3	$	16.5	$	(19.9)	$	4,967.5

	For the nine months ended September 30, 2022
(in millions)	Northeast		South		West		Midwest		Interactive (1)		Other		Intersegment Eliminations (2)		Total
Revenues:
Gaming	$	1,837.3	$	807.6	$	295.8	$	792.2	$	201.4	$	—	$	—	$	3,934.3
Food and beverage	96.0		96.8		62.6		39.4		—		3.0		—		297.8
Hotel	31.4		74.4		74.4		25.8		—		—		—		206.0
Advertising	—		—		—		—		23.9		—		—		23.9
Retail	4.6		5.0		4.6		1.5		—		—		—		15.7
Other	59.5		26.0		13.8		18.7		229.8		14.4		(23.8)		338.4
Total revenues	$	2,028.8	$	1,009.8	$	451.2	$	877.6	$	455.1	$	17.4	$	(23.8)	$	4,816.1

(1)    Other revenues within the Interactive segment are inclusive of gaming tax reimbursement amounts related to third-party online sports betting and/or iCasino partners for online sports betting and iCasino market access of $102.6 million and $63.0 million for the three months ended September 30, 2023 and 2022, respectively, and $283.4 million and $168.7 million for the nine months ended September 30, 2023, and 2022, respectively.

(2)    Primarily represents the elimination of intersegment revenues associated with our retail sportsbooks, which are operated by PENN Interactive.