v3.23.2
Income Taxes
 6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s provision (benefit) for income taxes for the three and six months ended June 30, 2023 and 2022 is as follows:
Three months ended June 30,Six months ended June 30,
2023202220232022
Income tax provision (benefit)$651 $(81,226)$2,019 $(80,757)

The effective tax rates for the three months ended June 30, 2023 and 2022 were (0.9)% and 27.2%, respectively, and the effective tax rates for the six months ended June 30, 2023 and 2022 were (0.4)% and 10.6%, respectively. The difference between the Company’s effective tax rates for the three and six month periods ended June 30, 2023 and 2022 and the U.S. statutory tax rate of 21% was primarily due to a valuation allowance related to the Company’s deferred tax assets, offset partially by current state tax and current foreign tax. Additionally, the Company recorded a discrete income tax benefit of $76.8
million during the second quarter of 2022 which was attributable to non-recurring partial releases of the Company’s U.S. valuation allowance as a result of the purchase accounting for GNOG. The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all such deferred tax assets will not be realized.