Note 9 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2026

Notes Tables

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

		*Three Months Ended September 30, 2026*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
(In thousands)		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenues*
Revenues
Las Vegas Locals		$	157,251			$	20,618			$	15,048			$	—			$	—			$	—			$	14,532			$	207,449
Downtown Las Vegas			30,741				8,844				5,520				—				—				—				2,318				47,423
Midwest & South			454,981				44,282				22,541				—				—				—				18,685				540,489
Online			—				—				—				33,240				121,226				—				—				154,466
Managed & Other			12,053				—				—				—				—				27,581				994				40,628
Total Revenues		$	655,026			$	73,744			$	43,109			$	33,240			$	121,226			$	27,581			$	36,529			$	990,455

		*Three Months Ended September 30, 2025*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
(In thousands)		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenues*
Revenues
Las Vegas Locals		$	157,839			$	21,130			$	17,315			$	—			$	—			$	—			$	14,558			$	210,842
Downtown Las Vegas			33,704				10,754				6,017				—				—				—				2,749				53,224
Midwest & South			454,639				43,686				21,912				—				—				—				18,615				538,852
Online			—				—				—				26,893				138,704				—				—				165,597
Managed & Other			11,189				—				—				—				—				23,697				960				35,846
Total Revenues		$	657,371			$	75,570			$	45,244			$	26,893			$	138,704			$	23,697			$	36,882			$	1,004,361

		*Nine Months Ended September 30, 2026*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
(In thousands)		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenues*
Revenues
Las Vegas Locals		$	482,010			$	66,972			$	56,797			$	—			$	—			$	—			$	44,672			$	650,451
Downtown Las Vegas			97,264				29,666				19,436				—				—				—				8,107				154,473
Midwest & South			1,374,384				130,578				63,236				—				—				—				54,274				1,622,472
Online			—				—				—				91,313				383,030				—				—				474,343
Managed & Other			35,158				—				—				—				—				82,283				3,016				120,457
Total Revenues		$	1,988,816			$	227,216			$	139,469			$	91,313			$	383,030			$	82,283			$	110,069			$	3,022,196

		*Nine Months Ended September 30, 2025*
						*Food &*												*Online*				*Management*
		*Gaming*				*Beverage*				*Room*				*Online*				*Reimbursements*				*Fee*				*Other*				*Total*
(In thousands)		*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenue*				*Revenues*
Revenues
Las Vegas Locals		$	484,961			$	68,787			$	64,224			$	—			$	—			$	—			$	44,760			$	662,732
Downtown Las Vegas			104,371				32,506				20,157				—				—				—				8,730				165,764
Midwest & South			1,344,046				126,602				59,704				—				—				—				53,164				1,583,516
Online			—				—				—				106,000				402,221				—				—				508,221
Managed & Other			34,141				—				—				—				—				72,618				2,932				109,691
Total Revenues		$	1,967,519			$	227,895			$	144,085			$	106,000			$	402,221			$	72,618			$	109,586			$	3,029,924

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

		*Three Months Ended*								*Nine Months Ended*
		*September 30,*								*September 30,*
(In thousands)		*2026*				*2025*				*2026*				*2025*
Adjusted EBITDAR
Las Vegas Locals		$	87,389			$	92,128			$	293,767			$	311,389
Downtown Las Vegas			12,853				16,118				48,658				56,446
Midwest & South			201,629				201,603				603,018				586,226
Online			10,925				9,424				29,871				54,974
Managed & Other			29,757				26,269				88,865				79,551
Corporate expense			(22,924	)			(23,777	)			(76,667	)			(71,442	)
Adjusted EBITDAR			319,629				321,765				987,512				1,017,144
Other operating costs and expenses
Deferred rent			141				147				405				441
Master lease rent expense			28,993				28,584				86,433				85,186
Depreciation and amortization			91,267				73,749				277,357				211,957
Share-based compensation expense			8,643				8,534				29,158				29,531
Project development, preopening and writedowns			(5,356	)			3,972				30,268				5,214
Impairment of assets			—				65,123				—				97,395
Other operating items, net			1,039				1,892				4,299				5,399
Total other operating costs and expenses			124,727				182,001				427,920				435,123
Operating income			194,902				139,764				559,592				582,021
Other expense (income)
Interest income			(1,261	)			(1,501	)			(4,408	)			(3,572	)
Interest expense, net of amounts capitalized			33,785				33,262				93,659				132,268
Loss on early extinguishments and modifications of debt			—				1,446				391				1,446
Other, net			89				(1,735,479	)			93				(1,735,420	)
Total other expense (income), net			32,613				(1,702,272	)			89,735				(1,605,278	)
Income before income taxes			162,289				1,842,036				469,857				2,187,299
Income tax provision			(38,699	)			(403,200	)			(112,051	)			(487,227	)
Net income			123,590				1,438,836				357,806				1,700,072
Net loss attributable to noncontrolling interest			1,343				1,157				3,903				2,798
Net income attributable to Boyd Gaming		$	124,933			$	1,439,993			$	361,709			$	1,702,870

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 September 30, 2026
Revenues		$	207,449			$	47,423			$	540,489			$	154,466			$	40,628			$	990,455
Other segment expenses ⁽¹⁾			120,060				34,570				338,860				143,541				10,871				647,902
Corporate expense			—				—				—				—				—				22,924
Adjusted EBITDAR		$	87,389			$	12,853			$	201,629			$	10,925			$	29,757			$	319,629

Three Months Ended September 30, 2025
Revenues		$	210,842			$	53,224			$	538,852			$	165,597			$	35,846			$	1,004,361
Other segment expenses⁽¹⁾			118,714				37,106				337,249				156,173				9,577				658,819
Corporate expense			—				—				—				—				—				23,777
Adjusted EBITDAR		$	92,128			$	16,118			$	201,603			$	9,424			$	26,269			$	321,765

Nine Months Ended September 30, 2026
Revenues		$	650,451			$	154,473			$	1,622,472			$	474,343			$	120,457			$	3,022,196
Other segment expenses ⁽¹⁾			356,684				105,815				1,019,454				444,472				31,592				1,958,017
Corporate expense			—				—				—				—				—				76,667
Adjusted EBITDAR		$	293,767			$	48,658			$	603,018			$	29,871			$	88,865			$	987,512

Nine Months Ended September 30, 2025
Revenues		$	662,732			$	165,764			$	1,583,516			$	508,221			$	109,691			$	3,029,924
Other segment expenses ⁽¹⁾			351,343				109,318				997,290				453,247				30,140				1,941,338
Corporate expense			—				—				—				—				—				71,442
Adjusted EBITDAR		$	311,389			$	56,446			$	586,226			$	54,974			$	79,551			$	1,017,144

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

		*September 30,*				*December 31,*
(In thousands)		*2026*				*2025*
Assets
Las Vegas Locals		$	1,784,309			$	1,681,176
Downtown Las Vegas			280,559				288,699
Midwest & South			3,789,535				3,924,404
Online			199,546				159,996
Managed & Other			112,431				111,396
Corporate			496,292				409,019
Total Assets		$	6,662,672			$	6,574,690