v3.25.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Summary of Financial Information for the Company's Segments
 Year Ended December 31,
 202420232022
Total revenue$4,767,699 $3,665,393 $2,240,461 
Less:
Gaming tax1,658,114 1,235,272 716,451 
Other adjusted cost of revenue (1)
1,061,992 872,178 612,331 
Total Adjusted Cost of Revenue2,720,106 2,107,450 1,328,782 
Less:
Adjusted sales and marketing expenses (2)
1,224,561 1,161,318 1,129,707 
Adjusted product and technology expenses (2)
292,991 240,422 214,824 
Adjusted general and administrative expenses (2)
348,734 307,238 288,929 
Depreciation and amortization270,854 201,920 169,252 
Interest income(47,259)(58,418)(21,353)
Interest expense2,959 2,679 2,651 
Stock-based compensation381,367 398,463 578,799 
Transaction-related costs (3)
26,386 3,060 17,315 
Litigation, settlement and related costs (4)
81,246 34,500 7,010 
Advocacy and other related legal expenses (5)
16,049 — 16,558 
Loss (gain) on remeasurement of warrant liabilities4,94557,543(29,396)
Loss on equity method investment4687192,895
Income tax (benefit) provision(86,341)10,170(67,866)
Other expenses (6)
37,917 471 (19,659)
Consolidated net income (loss)$(507,285)$(802,142)$(1,377,987)
(1)Other adjusted cost of revenue includes all cost of revenue, other than gaming tax, presented in the statement of operations, adjusted for the impact of depreciation and amortization and stock-based compensation.
(2)These items represent the respective line items in the statement of operations, adjusted for the impact of depreciation and amortization; stock-based compensation; transaction-related costs; litigation, settlement and related costs; advocacy and other related legal expenses; and other expenses, as further described below.
(3)Includes capital markets advisory, consulting, accounting and legal expenses related to evaluation, negotiation and integration costs incurred in connection with transactions under consideration, pending, or completed transactions and offerings, including costs relating to our completed acquisitions of Jackpocket, SIQ, Dijon and Simplebet.
(4)Primarily includes certain external legal costs related to litigation and litigation settlement costs deemed unrelated to our core business operations.
(5)Reflects certain costs relating to advocacy efforts and other legal expenses in jurisdictions where we do not operate certain product offerings and are actively seeking licensure, or similar approval, for those product offerings. This adjustment excludes (i) costs relating to advocacy efforts and other legal expenses in jurisdictions where we do not operate that are incurred in the ordinary course of business and (ii) costs relating to advocacy efforts and other legal expenses incurred in jurisdictions where related legislation has been passed and we currently operate.
(6)Other expenses are defined other certain costs that were not included in the above categories including any gain or loss on the disposal of a business and termination expenses.