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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the income tax expense are:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022 |  | 2021
Current income taxes: |  |  |  |  |
Federal | $ | (188) |  |  | $ | (118) |  |  | $ | 149 |
State and local | 9 |  |  | (34) |  |  | 25 |
Foreign | 11,602 |  |  | 9,137 |  |  | 4,551 |
| 11,423 |  |  | 8,985 |  |  | 4,725 |
Deferred income taxes: |  |  |  |  |
Federal | — |  |  | — |  |  | — |
State and local | — |  |  | — |  |  | — |
Foreign | (214) |  |  | (24) |  |  | (37) |
| (214) |  |  | (24) |  |  | (37) |
Income tax expense | $ | 11,209 |  |  | $ | 8,961 |  |  | $ | 4,688 |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliations of income tax expense computed at the U.S. federal statutory income tax rate to the recognized income tax expense and the U.S. statutory income tax rate to our effective tax rates are as follows:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022 |  | 2021
Net loss before income taxes | $ | (48,846) |  |  | $ | (125,371) |  |  | $ | (66,404) |
Less: net loss before income taxes attributable to non-controlling interest | (33,820) |  |  | (89,224) |  |  | (48,258) |
Net loss attributable to Rush Street Interactive Inc. before income taxes | (15,026) |  |  | (36,147) |  |  | (18,146) |
Income tax benefit at the federal statutory rate | (3,155) |  |  | (7,591) |  |  | (3,811) |
State income taxes, net of federal benefit | (46) |  |  | (34) |  |  | 25 |
Nondeductible stock compensation | 1,351 |  |  | — |  |  | — |
Foreign operations | 11,387 |  |  | 9,113 |  |  | 4,514 |
Change in valuation allowance | 2,589 |  |  | 8,025 |  |  | 4,027 |
Other | (917) |  |  | (552) |  |  | (67) |
Income tax expense | $ | 11,209 |  |  | $ | 8,961 |  |  | $ | 4,688 |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the deferred tax assets and liabilities are as follows:
| Years Ended December 31,
($ in thousands) | 2023 |  | 2022
Deferred tax assets: |  |  |
Investment in subsidiaries | $ | 134,283 |  |  | $ | 134,586 |
Net operating losses | 29,724 |  |  | 26,394 |
Imputed interest | 2,120 |  |  | 1,638 |
Share-based compensation | 1,160 |  |  | 366 |
Other assets | 422 |  |  | 165 |
Total gross deferred tax assets | 167,709 |  |  | 163,149 |
Valuation allowance | (167,305) |  |  | (163,029) |
Total deferred tax assets, net of valuation allowance | 404 |  |  | 120 |
Deferred tax liabilities: |  |  |
Investment in subsidiaries | — |  |  | — |
Total gross deferred tax liabilities | — |  |  | — |
Net deferred tax assets | $ | 404 |  |  | $ | 120 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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