Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The table below summarizes the Company’s intangible assets at September 30, 2022 and December 31, 2021 (in thousands):

	Useful Life (Years)	Weighted Average Remaining Life (Years)	September 30, 2022
			Intangible Assets		Accumulated Amortization		Net Balance
Customer relationships	2	1.2	$	31,659	$	(27,003)	$	4,656
Trade names	2 - 9	6.5	38,781		(10,854)		27,927
Software and technology	3 - 9	6.1	198,176		(53,051)		145,125
Gaming licenses and market access fees	2 - 10	6.6	28,507		(3,283)		25,224
Total			$	297,123	$	(94,191)	$	202,932

	Useful Lives (Years)	Weighted Average Remaining Life (Years)	December 31, 2021
			Intangible Assets		Accumulated Amortization		Net Balance
Customer relationships	2	2.2	$	32,965	$	(21,105)	$	11,860
Trade names	2 - 9	7.2	38,876		(7,455)		31,421
Software and technology	3 - 9	8.7	195,852		(35,572)		160,280
Gaming licenses and market access fees	2 - 5	4.8	14,951		(326)		14,625
Total			$	282,644	$	(64,458)	$	218,186

Finite-lived Intangible Assets Amortization Expense

The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):

Year ended December 31,	Future Amortization
2022	$	12,221
2023	37,190
2024	32,797
2025	29,421
2026	28,557
Thereafter	62,746
Total	$	202,932

Schedule of Goodwill

The following table is a summary of the changes to goodwill for the nine months ended September 30, 2022 (in thousands):

	Streaming		Wagering		Total
Balance - December 31, 2021	$	619,587	$	10,682	$	630,269
Molotov purchase accounting adjustment	(497)		—		(497)
Impairment	—		(10,682)		$	(10,682)
Foreign currency translation adjustment	(11,867)		—		$	(11,867)
Balance - September 30, 2022	$	607,223	$	—	$	607,223