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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents financial information with respect to the Company’s single reportable segment, distributed gaming, for the years ended December 31, 2025, 2024, and 2023. Additionally, the Company has included an "all other" operating segment which is its casino and racing business that is neither individually reportable nor able to be aggregated or combined with another operating segment.
(in thousands,) |  | December 31,
|  | 2025 |  | 2024 |  | 2023
Distributed gaming |  |  |  |  |  |
Total net revenues (1) |  | $ | 1,295,114 |  |  | $ | 1,229,577 |  |  | $ | 1,170,420 |
Adjustments: (2) |  |  |  |  |  |
Cost of revenue |  | 894,623 |  |  | 852,226 |  |  | 809,524 |
Compensation related costs - operations (3) |  | 86,398 |  |  | 77,902 |  |  | 67,523 |
Compensation related costs - general and administrative (3) |  | 49,456 |  |  | 53,606 |  |  | 51,926 |
All other segment items (4) |  | 54,487 |  |  | 56,899 |  |  | 60,002 |
Adjusted EBITDA for distributed gaming |  | $ | 210,150 |  |  | $ | 188,944 |  |  | $ | 181,445 |
Adjusted EBITDA for “all other” operating segment (5) |  | $ | (2) |  |  | $ | 203 |  |  | $ | — |
Less Adjustments for: |  |  |  |  |  |
Depreciation and amortization of property and equipment |  | $ | 52,725 |  |  | $ | 43,978 |  |  | $ | 37,906 |
Amortization of intangible assets and route and customer acquisition costs |  | 25,425 |  |  | 22,577 |  |  | 21,211 |
Interest expense, net |  | 34,198 |  |  | 35,892 |  |  | 33,144 |
Emerging markets |  | 67 |  |  | 165 |  |  | (948) |
Loss from unconsolidated affiliates |  | 59 |  |  | — |  |  | — |
Stock-based compensation |  | 12,205 |  |  | 12,204 |  |  | 9,416 |
Loss on change in fair value of contingent earnout shares |  | 573 |  |  | 1,276 |  |  | 8,539 |
Gain on expiration of warrants |  | — |  |  | (13) |  |  | — |
Loss on debt extinguishment |  | 1,090 |  |  | — |  |  | — |
Other expenses, net |  | 11,875 |  |  | 19,339 |  |  | 6,453 |
Income before income tax expense |  | $ | 71,931 |  |  | $ | 53,729 |  |  | $ | 65,724 |
Income tax expense |  | 20,659 |  |  | 18,438 |  |  | 20,121 |
Net income |  | $ | 51,272 |  |  | $ | 35,291 |  |  | $ | 45,603 |
(1)Total net revenues is further disaggregated by revenue stream as included on the consolidated statements of operations and comprehensive income. (2)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (3)Compensation related costs represent payroll and other related costs that are included in general and administrative on the consolidated statements of operations and comprehensive income. (4)All other segment items include other operating and general and administrative expenses (such as general and administrative expenses related to parts, advertising, information technology, etc.) which are included in general and administrative on the consolidated statements of operations and comprehensive income and cost of manufacturing goods sold, as well as, adjustments for stock-based compensation expense and emerging markets. (5)All corporate expenses were allocated to the distributed gaming reportable segment as of December 31, 2025. The "all other" operating segment had total net revenues of $35.8 million and $1.4 million; cost of revenues of $13.5 million and $147 thousand; compensation related costs of $11.4 million and $581 thousand in operations and $4.0 million and zero in general and administrative; and all other segment items of $6.9 million and $464 thousand for the years ended December 31, 2025 and 2024, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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