DraftKings (DKNG) shares are under pressure following the company's mixed second quarter earnings report. CEO Jason Robins joins Catalysts to discuss his...
) shares are under pressure following the company's mixed second quarter earnings report . CEO Jason Robins joins Catalysts to discuss his outlook on the company's future business operations.
When you're looking at the balance sheet and what changes you want to make to bolster that outlook moving forward, What would you want to tell investors is the single biggest change that you're going to be able to make moving forward?Well, I think really, it's less about, uh, a big change and more just investment in what is an incredibly strong customer acquisition environment.
You know, Jason, I wanna talk to you a little bit more about that because the reaction, at least from the streets perspective, was a bit mixed, just in terms of how this could be used, maybe as an advantage by some of your competitors to gain market share, whether or not this is something that you could see some sort of backlash with when it comes to your users.I mean, you know, I think most, uh, I would imagine most in the industry are looking at the same math we are.
I'm curious, though, if we take a step back, maybe what this more tells us about some of the trends that we are seeing play out within, uh, the online sports betting space when you take into account that many of the states that have got that have legalised gambling most recently have had higher tax rates is that something that you think is going to be likely here as we talk about a wider adoption and more states legalising, uh, sports gambling.
Just in terms of participation and and and how much growth you're expecting to see this year versus what you've seen in years past.Um, just the momentum we have on the customer acquisition side and general activity side going into it.I mean, you know, we do have olympics a few other things, but for the most part, this is generally the slowest time of year for us.
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