v3.26.3
Segment Reporting
 9 Months Ended
Sep. 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
September 30,		Nine Months Ended
September 30,
($ in thousands)2026202520262025
Revenue$385,851 $277,911 $1,149,988 $809,535 
Less:
Costs of revenue(1)
245,347 183,385 737,507 528,273 
Sales and marketing(1)
54,683 38,074 149,493 113,066 
General and administrative(1)
23,605 20,417 75,956 58,686 
Interest income(4,542)(3,014)(11,187)(7,130)
Interest expense405 459 618 695 
Depreciation and amortization12,149 10,188 33,950 29,506 
Income tax expense (benefit)18,118 7,177 58,050 (102,775)
Other segment items(2)
7,414 6,379 21,423 134,327 
Consolidated net income
$28,672 $14,846 $84,178 $54,887 
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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.