Intangible Assets and Goodwill (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Intangible Assets, Finite-Lived |
As of December 31, 2023, intangible assets, net consists of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-
Average
Remaining
Amortization
Period | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.4 years | | $ | 422,900 | | | $ | (193,247) | | | $ | 229,653 | | | Internally developed software | 2.3 years | | 236,644 | | | (108,169) | | | 128,475 | | | Gaming licenses | 10.6 years | | 218,760 | | | (47,941) | | | 170,819 | | | Customer relationships | 4.1 years | | 269,728 | | | (127,862) | | | 141,866 | | | Trademarks, tradenames and other | 3.3 years | | 37,674 | | | (20,751) | | | 16,923 | | | | | 1,185,706 | | | (497,970) | | | 687,736 | | | | | | | | | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Intangible assets, net | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
As of December 31, 2022, intangible assets, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-
Average
Remaining
Amortization
Period | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Developed technology | 5.4 years | | $ | 422,900 | | | $ | (140,200) | | | $ | 282,700 | | | Internally developed software | 2.4 years | | 168,277 | | | (70,575) | | | 97,702 | | | Gaming licenses | 11.0 years | | 206,655 | | | (29,487) | | | 177,168 | | | Customer relationships | 4.6 years | | 269,728 | | | (75,791) | | | 193,937 | | | Trademarks and tradenames | 3.8 years | | 36,193 | | | (13,463) | | | 22,730 | | | | | 1,103,753 | | | (329,516) | | | 774,237 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,697 | | | — | | | 2,697 | | | Intangible assets, net | | | $ | 1,106,450 | | | $ | (329,516) | | | $ | 776,934 | |
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| Schedule of Intangible Assets, Indefinite-Lived |
As of December 31, 2023, intangible assets, net consists of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-
Average
Remaining
Amortization
Period | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.4 years | | $ | 422,900 | | | $ | (193,247) | | | $ | 229,653 | | | Internally developed software | 2.3 years | | 236,644 | | | (108,169) | | | 128,475 | | | Gaming licenses | 10.6 years | | 218,760 | | | (47,941) | | | 170,819 | | | Customer relationships | 4.1 years | | 269,728 | | | (127,862) | | | 141,866 | | | Trademarks, tradenames and other | 3.3 years | | 37,674 | | | (20,751) | | | 16,923 | | | | | 1,185,706 | | | (497,970) | | | 687,736 | | | | | | | | | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Intangible assets, net | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
As of December 31, 2022, intangible assets, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-
Average
Remaining
Amortization
Period | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Developed technology | 5.4 years | | $ | 422,900 | | | $ | (140,200) | | | $ | 282,700 | | | Internally developed software | 2.4 years | | 168,277 | | | (70,575) | | | 97,702 | | | Gaming licenses | 11.0 years | | 206,655 | | | (29,487) | | | 177,168 | | | Customer relationships | 4.6 years | | 269,728 | | | (75,791) | | | 193,937 | | | Trademarks and tradenames | 3.8 years | | 36,193 | | | (13,463) | | | 22,730 | | | | | 1,103,753 | | | (329,516) | | | 774,237 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,697 | | | — | | | 2,697 | | | Intangible assets, net | | | $ | 1,106,450 | | | $ | (329,516) | | | $ | 776,934 | |
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| Schedule of Estimated Future Amortization of Intangible Assets |
The table below shows expected amortization expense for the next five years of intangible assets recorded as of December 31, 2023: | | | | | | | | | | Year ending December 31, | | Estimated Amortization | | 2024 | | $ | 186,620 | | | 2025 | | 144,810 | | | 2026 | | 107,560 | | | 2027 | | 84,078 | | | 2028 | | 47,058 | |
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| Schedule of Goodwill |
There were no changes in the carrying amount of goodwill for the year ended December 31, 2023. As of December 31, 2023, the Company had no accumulated goodwill impairment losses.
| | | | | | | | | | | | Total | | Balance as of December 31, 2021 | | $ | 615,655 | | | Goodwill resulting from acquisitions | | 270,718 | | | Balance as of December 31, 2022 | | $ | 886,373 | | | Changes in Goodwill | | — | | | Balance as of December 31, 2023 | | $ | 886,373 | |
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