v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
An operating segment is a component of an entity that: (i) engages in business activities from which it may earn revenues and incur expenses; (ii) has discrete financial information available; and (iii) is regularly reviewed by the entity’s chief operating decision maker (“CODM”) for purposes of performance assessment and resource allocation.
The Company’s CODM is its chief executive officer. The Company manages its operations as a single operating segment that engages in online gaming and retail sports betting business activities. The Company derives its revenues from its gaming offerings such as real-money online casino, online sports betting and retail sports betting (i.e., sports betting services provided at bricks-and-mortar locations), as well as social gaming, which involves free-to-play games using virtual credits that users can earn or purchase. The accounting policies for this segment are consistent with those described in the summary of significant accounting policies. The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets.
The Company’s revenue, significant expenses and net income for its consolidated segment are as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
($ in thousands)2026202520262025
Revenue$393,776 $269,217 $764,137 $531,624 
Less:
Costs of revenue(1)
254,034 174,068 492,160 344,888 
Sales and marketing(1)
48,579 36,177 94,810 74,992 
General and administrative(1)
26,543 18,723 52,351 38,269 
Interest income(3,638)(2,410)(6,850)(4,345)
Interest expense205 229 418 465 
Depreciation and amortization11,074 9,827 21,801 19,318 
Income tax expense (benefit)20,366 (115,017)39,932 (109,952)
Other segment items(2)
7,318 118,790 14,009 127,948 
Consolidated net income
$29,295 $28,830 $55,506 $40,041 
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(1)    Excludes share-based compensation expense.
(2)    Other segment items include share-based compensation expense and change in tax receivable agreement liability.