Intangible Assets and Goodwill (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Intangible Assets, Finite-Lived |
As of December 31, 2024, intangible assets, net consists of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-
Average
Remaining
Amortization
Period | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.4 years | | $ | 590,231 | | | $ | (260,786) | | | $ | 329,445 | | | Internally developed software | 2.3 years | | 333,437 | | | (166,456) | | | 166,981 | | | Gaming market access and licenses | 8.4 years | | 221,479 | | | (68,402) | | | 153,077 | | | Customer relationships | 6.1 years | | 442,528 | | | (192,055) | | | 250,473 | | | Trademarks, tradenames and other | 5.9 years | | 46,253 | | | (14,895) | | | 31,358 | | | | | 1,633,928 | | | (702,594) | | | 931,334 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 1,787 | | | N/A | | 1,787 | | | Intangible assets, net | | | $ | 1,635,715 | | | $ | (702,594) | | | $ | 933,121 | |
As of December 31, 2023, intangible assets, net consisted 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 market access and 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, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Intangible assets, net | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
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| Schedule of Intangible Assets, Indefinite-Lived |
As of December 31, 2024, intangible assets, net consists of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-
Average
Remaining
Amortization
Period | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.4 years | | $ | 590,231 | | | $ | (260,786) | | | $ | 329,445 | | | Internally developed software | 2.3 years | | 333,437 | | | (166,456) | | | 166,981 | | | Gaming market access and licenses | 8.4 years | | 221,479 | | | (68,402) | | | 153,077 | | | Customer relationships | 6.1 years | | 442,528 | | | (192,055) | | | 250,473 | | | Trademarks, tradenames and other | 5.9 years | | 46,253 | | | (14,895) | | | 31,358 | | | | | 1,633,928 | | | (702,594) | | | 931,334 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 1,787 | | | N/A | | 1,787 | | | Intangible assets, net | | | $ | 1,635,715 | | | $ | (702,594) | | | $ | 933,121 | |
As of December 31, 2023, intangible assets, net consisted 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 market access and 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, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Intangible assets, net | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
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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, 2024: | | | | | | | | | | Year Ending December 31, | | Estimated Amortization | | 2025 | | $ | 237,285 | | | 2026 | | 204,479 | | | 2027 | | 176,694 | | | 2028 | | 106,425 | | | 2029 | | 66,480 | |
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| Schedule of Goodwill |
The changes in the carrying value of goodwill were as follows: | | | | | | | | | | | | Total | | Balance as of December 31, 2022 | | $ | 886,373 | | | Goodwill resulting from acquisitions | | — | | | Balance as of December 31, 2023 | | $ | 886,373 | | | Goodwill resulting from acquisitions | | 668,743 | | | Balance as of December 31, 2024 | | $ | 1,555,116 | |
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