Note 9 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Notes Tables

Segment Reporting, Reconciliation of Revenue by Segment to Consolidated [Table Text Block]

		*Three Months Ended June 30, 2026*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	166,707			$	23,645			$	21,129			$	—			$	—			$	—			$	14,417			$	225,898
Downtown Las Vegas			32,321				9,964				7,017				—				—				—				2,810				52,112
Midwest & South			472,430				44,093				22,267				—				—				—				18,100				556,890
Online			—				—				—				31,825				126,357				—				—				158,182
Managed & Other			11,831				—				—				—				—				28,481				992				41,304
Total Revenues		$	683,289			$	77,702			$	50,413			$	31,825			$	126,357			$	28,481			$	36,319			$	1,034,386

		*Three Months Ended June 30, 2025 (1)*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	166,382			$	24,890			$	23,706			$	—			$	—			$	—			$	14,113			$	229,091
Downtown Las Vegas			34,077				10,874				7,267				—				—				—				3,035				55,253
Midwest & South			459,231				42,403				20,480				—				—				—				17,963				540,077
Online			—				—				—				39,139				133,912				—				—				173,051
Managed & Other			11,765				—				—				—				—				23,775				986				36,526
Total Revenues		$	671,455			$	78,167			$	51,453			$	39,139			$	133,912			$	23,775			$	36,097			$	1,033,998

		*Six Months Ended June 30, 2026*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	324,759			$	46,354			$	41,749			$	—			$	—			$	—			$	30,140			$	443,002
Downtown Las Vegas			66,523				20,822				13,916				—				—				—				5,789				107,050
Midwest & South			919,403				86,296				40,695				—				—				—				35,589				1,081,983
Online			—				—				—				58,073				261,804				—				—				319,877
Managed & Other			23,105				—				—				—				—				54,702				2,022				79,829
Total Revenues		$	1,333,790			$	153,472			$	96,360			$	58,073			$	261,804			$	54,702			$	73,540			$	2,031,741

		Six Months Ended June 30, 2025 (1)
						Food &												Online				Management
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
*(In thousands)*		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*
Revenues
Las Vegas Locals		$	327,122			$	47,657			$	46,909			$	—			$	—			$	—			$	30,202			$	451,890
Downtown Las Vegas			70,667				21,752				14,140				—				—				—				5,981				112,540
Midwest & South			889,407				82,916				37,792				—				—				—				34,549				1,044,664
Online			—				—				—				79,107				263,517				—				—				342,624
Managed & Other			22,952				—				—				—				—				48,921				1,972				73,845
Total Revenues		$	1,310,148			$	152,325			$	98,841			$	79,107			$	263,517			$	48,921			$	72,704			$	2,025,563

Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated [Table Text Block]

		*Three Months Ended*								*Six Months Ended*
		*June 30,*								*June 30,*
*(In thousands)*		*2026*				*2025*				*2026*				*2025*
Adjusted EBITDAR
Las Vegas Locals		$	106,416			$	112,714			$	206,378			$	219,261
Downtown Las Vegas			16,905				19,405				35,805				40,328
Midwest & South			208,748				201,401				401,389				384,623
Online			10,590				22,244				18,946				45,550
Managed & Other			30,692				25,963				59,108				53,282
Corporate expense			(22,883	)			(23,865	)			(53,743	)			(47,665	)
Adjusted EBITDAR			350,468				357,862				667,883				695,379
Other operating costs and expenses
Deferred rent			132				147				264				294
Master lease rent expense			28,856				28,442				57,440				56,602
Depreciation and amortization			91,101				69,985				186,090				138,208
Share-based compensation expense			12,817				13,392				20,515				20,997
Project development, preopening and writedowns			15,356				2,764				35,624				1,242
Impairment of assets			—				—				—				32,272
Other operating items, net			1,508				762				3,260				3,507
Total other operating costs and expenses			149,770				115,492				303,193				253,122
Operating income			200,698				242,370				364,690				442,257
Other expense (income)
Interest income			(1,282	)			(1,263	)			(3,147	)			(2,071	)
Interest expense, net of amounts capitalized			31,423				50,569				59,874				99,006
Loss on early extinguishments and modifications of debt			—				—				391				—
Other, net			(3	)			(48	)			4				59
Total other expense, net			30,138				49,258				57,122				96,994
Income before income taxes			170,560				193,112				307,568				345,263
Income tax provision			(40,637	)			(42,758	)			(73,352	)			(84,027	)
Net income			129,923				150,354				234,216				261,236
Net loss attributable to noncontrolling interest			1,311				1,104				2,560				1,641
Net income attributable to Boyd Gaming		$	131,234			$	151,458			$	236,776			$	262,877

Reconciliation of Revenue and Expenses from Segments to Consolidated [Table Text Block]

		*Las Vegas*				*Downtown*				*Midwest &*								*Managed &*
*(In thousands)*		*Locals*				*Las Vegas*				*South*				*Online*				*Other*				*Total*
*Three Months Ended June 30, 2026*
Revenues		$	225,898			$	52,112			$	556,890			$	158,182			$	41,304			$	1,034,386
Other segment expenses ⁽¹⁾			119,482				35,207				348,142				147,592				10,612				661,035
Corporate expense			—				—				—				—				—				22,883
Adjusted EBITDAR		$	106,416			$	16,905			$	208,748			$	10,590			$	30,692			$	350,468

*Three Months Ended June 30, 2025*
Revenues		$	229,091			$	55,253			$	540,077			$	173,051			$	36,526			$	1,033,998
Other segment expenses⁽¹⁾			116,377				35,848				338,676				150,807				10,563				652,271
Corporate expense			—				—				—				—				—				23,865
Adjusted EBITDAR		$	112,714			$	19,405			$	201,401			$	22,244			$	25,963			$	357,862

*Six Months Ended June 30, 2026*
Revenues		$	443,002			$	107,050			$	1,081,983			$	319,877			$	79,829			$	2,031,741
Other segment expenses ⁽¹⁾			236,624				71,245				680,594				300,931				20,721				1,310,115
Corporate expense			—				—				—				—				—				53,743
Adjusted EBITDAR		$	206,378			$	35,805			$	401,389			$	18,946			$	59,108			$	667,883

*Six Months Ended June 30, 2025*
Revenues		$	451,890			$	112,540			$	1,044,664			$	342,624			$	73,845			$	2,025,563
Other segment expenses ⁽¹⁾			232,629				72,212				660,041				297,074				20,563				1,282,519
Corporate expense			—				—				—				—				—				47,665
Adjusted EBITDAR		$	219,261			$	40,328			$	384,623			$	45,550			$	53,282			$	695,379

Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]

		*June 30,*				*December 31,*
*(In thousands)*		*2026*				*2025*
Assets
Las Vegas Locals		$	1,763,457			$	1,681,176
Downtown Las Vegas			284,183				288,699
Midwest & South			3,871,540				3,924,404
Online			206,963				159,996
Managed & Other			112,399				111,396
Corporate			445,662				409,019
Total Assets		$	6,684,204			$	6,574,690