v3.26.1
Segment Information - Schedule of Adjusted EBITDA by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Equity in income of unconsolidated affiliates $ 41 $ 37 $ 77 $ 70
Adjusted EBITDA 477 451 734 696
Operating Segments        
Segment Reporting [Line Items]        
Adjusted EBITDA 503 472 784 739
Live and Historical Racing | Operating Segments        
Segment Reporting [Line Items]        
Revenues 575 541 876 818
Pari-mutuel taxes and purses (119) (116) (195) (188)
Gaming taxes (2) (1) (4) (3)
Marketing and advertising (16) (16) (28) (30)
Salaries and benefits (38) (38) (74) (70)
Content expense (1) (2) (2) (3)
Selling, general and administrative expense (14) (10) (25) (21)
Maintenance, insurance and utilities (13) (12) (25) (22)
Gaming equipment rental and technology costs (13) (12) (27) (24)
Food and beverage costs (4) (4) (8) (8)
Other operating expense(1) (37) (33) (57) (50)
Equity in income of unconsolidated affiliates 0 0 0 0
Other income 0 0 0 0
Adjusted EBITDA 318 297 431 399
Wagering Services and Solutions | Operating Segments        
Segment Reporting [Line Items]        
Revenues 178 168 296 284
Pari-mutuel taxes and purses (8) (8) (12) (12)
Gaming taxes (1) (1) (1) (1)
Marketing and advertising (6) (6) (8) (7)
Salaries and benefits (9) (9) (17) (17)
Content expense (78) (76) (121) (120)
Selling, general and administrative expense (4) (5) (8) (10)
Maintenance, insurance and utilities (3) (1) (5) (2)
Gaming equipment rental and technology costs (2) (1) (3) (2)
Food and beverage costs 0 0 0 0
Other operating expense(1) (15) (13) (24) (24)
Equity in income of unconsolidated affiliates 0 0 0 0
Other income 0 0 0 0
Adjusted EBITDA 52 48 97 89
Gaming | Operating Segments        
Segment Reporting [Line Items]        
Revenues 270 266 532 533
Pari-mutuel taxes and purses (7) (7) (18) (22)
Gaming taxes (81) (80) (156) (152)
Marketing and advertising (8) (9) (16) (17)
Salaries and benefits (41) (43) (84) (87)
Content expense (2) (2) (3) (4)
Selling, general and administrative expense (12) (11) (24) (22)
Maintenance, insurance and utilities (9) (10) (19) (19)
Gaming equipment rental and technology costs (5) (5) (9) (9)
Food and beverage costs (4) (4) (9) (8)
Other operating expense(1) (18) (16) (35) (33)
Equity in income of unconsolidated affiliates 50 47 96 90
Other income 0 1 1 1
Adjusted EBITDA $ 133 $ 127 $ 256 $ 251