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Intangible Assets and Goodwill (Tables) | 9 Months Ended
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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 |

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