Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Intangible Assets, Finite-Lived |
As of June 30, 2024, intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.3 years | | $ | 513,622 | | | $ | (221,682) | | | $ | 291,940 | | | Internally developed software | 2.3 years | | 291,044 | | | (139,765) | | | 151,279 | | | Gaming licenses | 8.8 years | | 233,191 | | | (59,024) | | | 174,167 | | | Customer relationships | 6.3 years | | 443,728 | | | (156,314) | | | 287,414 | | | Trademarks, tradenames and other | 5.6 years | | 66,211 | | | (24,514) | | | 41,697 | | | | | $ | 1,547,796 | | | $ | (601,299) | | | $ | 946,497 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,550,680 | | | $ | (601,299) | | | $ | 949,381 | |
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 and tradenames | 3.3 years | | 37,674 | | | (20,751) | | | 16,923 | | | | | $ | 1,185,706 | | | $ | (497,970) | | | $ | 687,736 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
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| Schedule of Intangible Assets, Indefinite-Lived |
As of June 30, 2024, intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.3 years | | $ | 513,622 | | | $ | (221,682) | | | $ | 291,940 | | | Internally developed software | 2.3 years | | 291,044 | | | (139,765) | | | 151,279 | | | Gaming licenses | 8.8 years | | 233,191 | | | (59,024) | | | 174,167 | | | Customer relationships | 6.3 years | | 443,728 | | | (156,314) | | | 287,414 | | | Trademarks, tradenames and other | 5.6 years | | 66,211 | | | (24,514) | | | 41,697 | | | | | $ | 1,547,796 | | | $ | (601,299) | | | $ | 946,497 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,550,680 | | | $ | (601,299) | | | $ | 949,381 | |
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 and tradenames | 3.3 years | | 37,674 | | | (20,751) | | | 16,923 | | | | | $ | 1,185,706 | | | $ | (497,970) | | | $ | 687,736 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
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| Schedule of Estimated Future Amortization of Intangible Assets |
The table below reflects expected amortization expense for the next five years of intangible assets recorded as of June 30, 2024: | | | | | | | Year ending December 31, | Estimated Amortization | | July 1, 2024 to December 31, 2024 | $ | 126,133 | | | 2025 | 214,399 | | | 2026 | 176,206 | | | 2027 | 144,992 | | | 2028 | 95,251 | |
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| Summary of changes in the carrying amount of goodwill |
The changes in the carrying amount of goodwill for the year ended December 31, 2023 and the six months ended June 30, 2024 are: | | | | | | | | Total | | Balance as of December 31, 2022 | $ | 886,373 | | | Changes in Goodwill | — | | | Balance as of December 31, 2023 | $ | 886,373 | | | Goodwill resulting from acquisitions | 569,636 | | | Balance as of June 30, 2024 | $ | 1,456,009 | |
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