Intangible Assets

6 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6 – Intangible Assets

Intangible assets as of December 31, 2020 and June 30, 2020 consists of the following:

	December 31, 2020			June 30, 2020
Intangible assets not subject to amortization:
Tradename	$	839,189		$	-
Intangible assets subject to amortization:
Player relationships		2,460,798			-
Betting platform		2,698,968			-
Rewards platform		887,827			-
Licenses		144,000			-
Online gaming website		6,000			6,000
		7,036,782			6,000
Accumulated amortization		(562,746	)		(4,000	)
Intangible assets, net	$	6,474,036		$	2,000

During the six months ended December 31, 2020 and 2019, the Company recorded total amortization expense of $558,746  and $11,095, respectively. During the three months ended December 31, 2020 and 2019, the Company recorded total amortization expense of $341,394 and $501, respectively.