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Speaker 1: CCPG dot org slash chat in Connecticut one eight seven

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Speaker 1: zero seven one one seven for confidential help in Michigan

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Speaker 1: one eight seventh s t O P in Louisiana called

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Speaker 1: the Tennessee Red Line one eight nine or visit one

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Speaker 1: eight gambler dot net in West Virginia. Welcome to the

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Speaker 1: Favorites the podcast from the Volume and Podcast Network. I

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Speaker 1: am Chad Moment, Chief Content Officer of the Action Network.

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Speaker 1: It is May. We are winding down the conference finals

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Speaker 1: in the NBA. My bff, my companion, my compadre, professional

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Speaker 1: better Simon Hunter. What is going on, buddy? We got

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Speaker 1: a lot of activity and the rest of this show

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Speaker 1: will be dedicated to some of the most burning questions

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Speaker 1: for betters across the country. Don't give it away yet,

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Speaker 1: don't give it away, just say hello, Chad. Yeah, it's

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Speaker 1: a fun time in the year since our last year,

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Speaker 1: I've had a lot of people reach out to me

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Speaker 1: about coming to Germany, about coming to Chicago. I mean,

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Speaker 1: we're a world tour show chat, so yeah, I know

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Speaker 1: you're feeling called you about Germany. I'm just getting like

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Speaker 1: random d MS and messages about coming to Germany, and

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Speaker 1: I was like, did we even say we want to

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Speaker 1: go to Germany? I think we were just talking about

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Speaker 1: the Seahawks. Well, hey, when I say remember, I'm old,

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Speaker 1: So when I say call, I use that as a

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Speaker 1: euphemism abroad euphemism for getting in touch with I could

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Speaker 1: say d M, could say texted, I could say who

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Speaker 1: snapped you? I could say who my spaced. You could

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Speaker 1: say a lot of things. I just say call. It's

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Speaker 1: an umbrella term. That's right enough. You are old, I

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Speaker 1: mean there's no denying that generationally. Did you get any

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Speaker 1: offers from anybody who's willing to host us in a

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Speaker 1: suite for the Bears Eagles game in December where we

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Speaker 1: both want to go to see our teams play. But

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Speaker 1: I am too old and fragile to sit outside in

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Speaker 1: December in Chicago. I know my limits. No, it was

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Speaker 1: more like you and Chatton to come get drunk with

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Speaker 1: me before the game or come party with me before

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Speaker 1: you guys go. And I was like, hey, maybe we will,

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Speaker 1: but Chad might be a little too classy if you

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Speaker 1: stand out in the cold and the freezing cold drinking.

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Speaker 1: But I would be down Soldier Field. The Germany wants fun. Basically,

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Speaker 1: I think a guy knows I love BMW's and he

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Speaker 1: DM me and he works for BMW in Germany, and

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Speaker 1: I'm all in, like this guy, like I got money

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Speaker 1: to burn. This guy's telling me he'll come out there

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Speaker 1: and show me the whole factory in the works of BMW.

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Speaker 1: I'm probably gonna take him up on that offer because

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Speaker 1: that's been a dream of mine. So again, Chad, everything

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Speaker 1: I give to you, you give me back tensfold. All

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Speaker 1: my dreams keep coming true because of these great fans.

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Speaker 1: We're gonna get together in a couple of weeks and

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Speaker 1: and we can celebrate h our love for each other.

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Speaker 1: I'm gonna be in Philly in June. I called j

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Speaker 1: Elia this week. We're gonna go to a Phillies game. Uh,

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Speaker 1: that night when we see the Phillies and the Diamondbacks.

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Speaker 1: You know what I'm doing the night before, the night before,

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Speaker 1: I'm seeing cold Play at the Link. What a week

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Speaker 1: for Simon, Dude, that is a great week. Uh. You

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Speaker 1: know who's on the way to see cold Play right now,

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Speaker 1: Our good friend Colin Wilson. He is driving from Oklahoma

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Speaker 1: to Chicago. I was just on the phone with him,

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Speaker 1: Um and uh, he's on the way to see Coldpla

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Speaker 1: and Chicago. I heard it's an amazing show. That so

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Speaker 1: did I. So I had to buy tickets. I mean,

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Speaker 1: I heard a buddy of mine in the Bay area

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Speaker 1: and my sister in the Bay Area both went to

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Speaker 1: see him in the Bay Area and independently texted me

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Speaker 1: the next day. I said, it's ridiculous, Like, it's so good.

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Speaker 1: You know what else is good? Tell me Warriors in five?

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Speaker 1: Who said that a couple of weeks ago? Was it?

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Speaker 1: Was it Chad Milman, wise guy who moves lines, who

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Speaker 1: can see what's happening on the court, who understands recency bias,

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Speaker 1: And when two NBA experts are saying to him, hey,

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Speaker 1: this is why Dallas can do well in this series,

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Speaker 1: I'm saying that's great. Warriors in five. Chad Milman is

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Speaker 1: proud of himself. I gotta hope you're right because I

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Speaker 1: have a lot of money riding on it. So do

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Speaker 1: you would you get a plus five hundred something like

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Speaker 1: that or like plus three fifty two? I bet it.

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Speaker 1: After Game one, I was just like, I think Chad

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Speaker 1: might be onto something, and Dallas just looked way out

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Speaker 1: of their element. And then once it was up three, oh,

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Speaker 1: I got a little nervous there because it looked like

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Speaker 1: it was gonna be actual sweep. But luckily they did

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Speaker 1: what they should have done and they're taking it back home.

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Speaker 1: Sometimes I'm so good at this, it's almost it's almost uncanny.

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Speaker 1: And the other day I was driving my fifteen year

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Speaker 1: old son and two of his buddies from someplace and

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Speaker 1: we were talking about the Mavericks Warriors game and they

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Speaker 1: they the Warriors were up three oh and the game

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Speaker 1: was that night, game four, and they said to me,

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Speaker 1: who do you think is gonna win? I'm like, the Mavericks.

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Speaker 1: This is a no brainer. Like, there's no way the

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Speaker 1: Mavericks aren't going to win this game. The Warriors don't

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Speaker 1: do sweeps. They do gentlemen sweeps. That's true. Yeah, it's statistically,

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Speaker 1: you're right. They usually just ended at home. So listen Simon.

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Speaker 1: Four years ago this month, the Professional Amateur Sports Protection Act,

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Speaker 1: which had made sports betting illegal, was repealed by the U. S.

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Speaker 1: Supreme Court. That was a game changer in a lot

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Speaker 1: of our lives. At that point, I had already left ESPN.

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Speaker 1: I had left ESPN in September of seventeen to help

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Speaker 1: launch the Action Network, So we were seven months into it.

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Speaker 1: We were three months into a business at that point,

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Speaker 1: four months we had launched. In January, we took a flyer,

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Speaker 1: we took a gamble. We wanted to be there when

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Speaker 1: the business started. It happened much sooner than we thought.

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Speaker 1: All I remember about that day is the number of

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Speaker 1: texts that fluttered in from friends saying, Oh my god,

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Speaker 1: sports betting is legal. Are you freaking out? I remember

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Speaker 1: I was on the phone Matt Mitchell said I had

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Speaker 1: to go, and I remember my mother in law texted

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Speaker 1: me and said, oh, maybe it wasn't a terrible idea

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Speaker 1: to leave ESPN. That to me felt like real vindication

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Speaker 1: I did desperately, desperately needed it. Four years later, the

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Speaker 1: business is exploding, States are legalizing. What do we do

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Speaker 1: at Action? We recruited, poached, stole, hired, whatever you want

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Speaker 1: to say from Bloomberg, a multi national media outfit, credibility

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Speaker 1: at the wazoo. But we have become so big. Sam McQuillan,

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Speaker 1: who was covering a variety of things for Bloomberg, including

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Speaker 1: sports betting, came to join us at Action to cover

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Speaker 1: the legalization beat. What's happening with legislation everywhere all over

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Speaker 1: the country. He's killing its breaking stories NonStop. He knows

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Speaker 1: more about what's happening in every state and with the

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Speaker 1: bills that are being passed or not passed in every

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Speaker 1: single state and just about anybody out there. And today

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Speaker 1: Sam is joining us on the podcast level setting where

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Speaker 1: we are in the landscape of legal e sports betting. Sam,

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Speaker 1: that's for coming on, Buddy. Happy to be here, finally

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Speaker 1: make my appearance on America's favorite podcast. Thanks for having

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Speaker 1: me look at that. We didn't even prompt that, Simon.

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Speaker 1: I want to. There's a lot of things to discuss,

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Speaker 1: and there's probably four categories. Matt Mitchell, in a pre

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Speaker 1: production Slack broke it down for us. There's four categories.

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Speaker 1: Fully online this means you're in a state where online

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Speaker 1: and in person betting is available in person only, betting

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Speaker 1: permitted at brick and mortar locations only. That's idiotic. Why

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Speaker 1: anyone we do that? Then they're really not even trying.

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Speaker 1: In process, the state legislature in each state is progressing

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Speaker 1: towards some form of legalization and then fully offline. Because

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Speaker 1: remember passport being repealed just meant that any state could

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Speaker 1: do what it wanted to do. There was no federal

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Speaker 1: law instituted by Congress that says, okay, this is what

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Speaker 1: it looks like around the country. It is full on

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Speaker 1: states rights every state can do how they want to

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Speaker 1: do it. The states that have done the best New

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Speaker 1: Jersey for sure, and you could argue New York, which

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Speaker 1: in the span of five months has become the biggest

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Speaker 1: betting state in the country. What do you think about

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Speaker 1: New York right now? If you're New York and you

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Speaker 1: just want money in taxes, you've you've done a great

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Speaker 1: job there. I think they've taken in like two million

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Speaker 1: in their first four months. First month they took in

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Speaker 1: sixty five million, which blew blew every record out the water,

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Speaker 1: which is crazy for your first month. New York was

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Speaker 1: sort of a situation where the former governor, Andrew Cuomo,

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Speaker 1: who has now resigned, wanted he was like, we'll only

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Speaker 1: have sports betting if we make a ton of money

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Speaker 1: out of it. Um. So they ended up passing with

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Speaker 1: tax much operator's dismay um and ended up passing, But

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Speaker 1: they set up shop there anyway. There was a ton

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Speaker 1: of promotions to start, but we've already seen companies sort

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Speaker 1: of scale that back say hey, maybe this is untenable.

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Speaker 1: We don't know if we can do that. Executives from

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Speaker 1: bet MGM and Caesar's have spoken about, you know, cutting

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Speaker 1: back their marketing UM and saying, hey, this is gonna

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Speaker 1: be passed down to the consumer, it's not sustainable. Um.

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Speaker 1: The fact of the matter is, we haven't seen it

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Speaker 1: passed down the consumer yet the money it costs. And

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Speaker 1: we've still seen you know, companies come in and want

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Speaker 1: to take up as much as the market as they can,

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Speaker 1: because what really happens when you break into a state

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Speaker 1: is there's sort of this mad scramble. I'm sure you

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Speaker 1: guys have seen all the advertisements everywhere to soak up

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Speaker 1: as much of the market as you can, and then

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Speaker 1: sort of the game plan is maybe a year or

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Speaker 1: two years, we'll scale that back once we have the

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Speaker 1: customers cut the promos. So New York is really great

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Speaker 1: right now for the state. It's bad for the operators

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Speaker 1: because they're given away so much money to the state,

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Speaker 1: but we haven't really seen the actual impact of that

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Speaker 1: on the on the better yet. So UM, definitely huge

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Speaker 1: appetite to bet in New York, but it kind of

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Speaker 1: remains to be seen how to end up. Well. The

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Speaker 1: way they've been passing along action is in New Jersey,

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Speaker 1: sail line is minus one ten. In New York, that

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Speaker 1: same line might be minus one thirty on all the books.

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Speaker 1: Most interesting to me about the New York is it

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Speaker 1: feels like it was a good test to show how

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Speaker 1: important opening weekend is to get your book open and operated.

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Speaker 1: Where they and do I look at the numbers, they

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Speaker 1: have this huge lead above k Caesar's all these are

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Speaker 1: books in that state just because that first weekend fandal

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Speaker 1: was up running with. I think it was like a

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Speaker 1: matchup to a two thousand dollar promo, is what they

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Speaker 1: were doing. I believe there's a lot of money that's

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Speaker 1: really worked out for him, And now people taking them

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Speaker 1: crying being like, oh these tax like they knew that

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Speaker 1: going in. So I do think they gonna have to

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Speaker 1: redo it just because it's only there's only gonna be

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Speaker 1: two or three big time books. But if the state's

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Speaker 1: gonna keep getting money and these operators stay there, maybe

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Speaker 1: they won't. Because you're just saying, you know what, who cares?

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Speaker 1: We have the biggest betting state in America. Why would

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Speaker 1: we change anything? So do you think see anything change

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Speaker 1: anytime soon? So when they passed it, there was optimism

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Speaker 1: between a lot of lawmakers. You know, we can lower

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Speaker 1: this on the back end. We just want to get

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Speaker 1: this done because Cuomo wouldn't allow it to happen without

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Speaker 1: the tax Right now that he's out, you know, the

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Speaker 1: new governor, she's been a lot more sort of welcoming

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Speaker 1: to adding games of the state. She just signed a

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Speaker 1: bill that's going to authorize three new downstate casinos, which

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Speaker 1: as a New York native, is pretty wild to imagine

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Speaker 1: that happening. But they tried to lower the tax rate

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Speaker 1: during the budget this session and ultimately unable to the

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Speaker 1: two All makers that have been championing it have been saying,

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Speaker 1: you know, we're going to convince the legislature to change

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Speaker 1: it and make it better as things go. You know,

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Speaker 1: you talked about the product being worse for the consumer

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Speaker 1: than in New Jersey. But the fact of the matter is,

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Speaker 1: until New York starts losing revenue, if I'm a lawmaker,

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Speaker 1: I really have I don't care if the books are

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Speaker 1: making less money. I don't care if people are getting

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Speaker 1: worse lines. That's not my bottom line as lawmaker. I

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Speaker 1: want to make as much revenue for the state as possible.

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Speaker 1: Um and New York has been killing it. You've seen

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Speaker 1: a little bit of a drop in the past couple

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Speaker 1: of months, but it's still so much more compared to

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Speaker 1: the other states the money they're getting, and that really

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Speaker 1: is just because of the high high tax and how

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Speaker 1: many people are in the state. So the bottom line

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Speaker 1: is until we see that that money drop and the

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Speaker 1: state make less, it's not going to change. And it'd

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Speaker 1: be really tough too if they're definitely gonna try, But

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Speaker 1: no time soon. I don't think it's going to change.

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Speaker 1: New York has done it right for the consumer, and

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Speaker 1: when I think about that, I only think about can

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Speaker 1: I do it from my phone? And how many markets

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Speaker 1: are available right I'm in Connecticut. I can do it

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Speaker 1: on my phone, but I've only got three operators. I've

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Speaker 1: got DraftKings, I've got fan Duel, I've got bet rivers

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Speaker 1: in New Jersey, low tax rate, tons of operators, and

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Speaker 1: I can do it for my phone. Illinois finally doing

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Speaker 1: it right after letting more operators in and allowing consumers

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Speaker 1: to do it online. What states right now are in

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Speaker 1: Category A, which is the fully online category. So there's

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Speaker 1: about twenty states plus Washington, d C. Which are fully online,

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Speaker 1: meaning that you can bet on your phone, on your

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Speaker 1: computer and you don't have to go in person to

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Speaker 1: sign up. Nevada is the only place where you have

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Speaker 1: to go in person to side up still, but they're

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Speaker 1: special because they're Nevada and they've been doing it forever.

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Speaker 1: So it's New Jersey, Pennsylvania, New York, Illinois, Michigan, Virginia, Colorado, Indiana,

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Speaker 1: West Virginia, Rhode Island, Arizona, Oregon, Connecticut, New Hampshire, Louisiana, Tennessee, Wyoming, Arkansas, Iowa,

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Speaker 1: and Washington, d C. Like twenty states fully online, and

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Speaker 1: that's a lot of the country. How many more states

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Speaker 1: can we expect to be fully online? The real question

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Speaker 1: I'm asking is how many states overall is it possible

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Speaker 1: to get fully online? Given how many are in person

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Speaker 1: only and how many won't ever allow it. That's a

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Speaker 1: great question you alluded earlier to in person being idiotic.

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Speaker 1: Why would they do that? You know, like you have

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Speaker 1: to travel miles in some places like North Carolina to

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Speaker 1: go back at a casino. I think it's three hours

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Speaker 1: from Charlotte to North Carolina's close to casino um, which

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Speaker 1: is pretty tough. But one of the good reasons they

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Speaker 1: do that is because it's much easier to pass in

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Speaker 1: person betting only, and now North Carolina is actually looking

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Speaker 1: at okay. Now that we did this in person, seems

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Speaker 1: to be working. You know, this guy hasn't fallen apart.

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Speaker 1: Let's expand it online and there's a big appetite for

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Speaker 1: that there. So some of those in person states, there's

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Speaker 1: about ten of them, they're they're looking at okay, Now,

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Speaker 1: what's the next step? Can we go online? There's about

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Speaker 1: six states which are fully offline, which means that they'll

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Speaker 1: probably unfortunately, um, in the next couple of years, not

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Speaker 1: past sports betting. Those are your Utahs, which you know,

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Speaker 1: in Utah there's not even scratch off tickets. I don't

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Speaker 1: think the idea that they'd be open to online gaming

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Speaker 1: is pretty far fetched. Idaho is in that category, as

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Speaker 1: well as Alaska, Hawaii, and Oklahoma, which have a lot

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Speaker 1: of sort of strong religious presences in the state, which

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Speaker 1: are opposed to gambling. UM. Then you have Texas as well,

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Speaker 1: which has there's been some more optimism there. Governor Greg

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Speaker 1: Abbott is opposed to sports betting. He's up for re election,

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Speaker 1: I believe in November. UM. One of the candidates he's

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Speaker 1: running against Beta O'Rourke. You might have heard him. He

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Speaker 1: is for sports betting, So I don't know if that's

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Speaker 1: really going to sway the election, that sports betting as

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Speaker 1: a single issue voter. But um, the good news is

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Speaker 1: there's optimism there and they'll probably renew it bill sometime soon.

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Speaker 1: So yeah, that's about you know, six states where it

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Speaker 1: will never happen, and there's about five where we're just waiting.

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Speaker 1: Maryland has launched their retail casino operations, but it's been

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Speaker 1: a little over two years since voters legalized sports betting

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Speaker 1: in Maryland and there's still no timetable for when it's

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Speaker 1: going to go online. They kept pushing back, pushing back

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Speaker 1: the date there. In the sort of regulation process now,

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Speaker 1: which is what happens after a state passes a bill,

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Speaker 1: operators need to be approved, applications need to be looked at,

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Speaker 1: they need to be background checks. It's all very involved,

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Speaker 1: and Maryland is consistently kicked it down the road. They're

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Speaker 1: waiting on some special study. Um, we don't know when

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Speaker 1: that's going to happen. Ohio is also going to They've

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Speaker 1: already realized they're gonna launch by the end of the year.

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Speaker 1: They announced last week it will be sometime around late December. Um,

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Speaker 1: January one at the latest. UM. So it's another state

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Speaker 1: that's gonna jump online. Ohio obviously a big sports state

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Speaker 1: UM and honed a lot of people, so that will

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Speaker 1: be big for the operators. UM. And then Kansas and

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Speaker 1: Maine recently. UM. They're the only two states so far

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Speaker 1: this year that passed sports betting. UM Kansas. I think

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Speaker 1: they're optimistic they're gonna go on by football season, which

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Speaker 1: would be great, great timing. UM and Maine probably take

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Speaker 1: a little bit longer. UM. And then we're still waiting

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Speaker 1: on Nebraska, which is already in person, but UM they're

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Speaker 1: they're yet to lot online. So hopefully that comes next year,

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Speaker 1: maybe the year after the playoffs are heating up, and

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Speaker 1: that's all cute. I feel like there's one state in

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Speaker 1: this conversation that matters. It will blow New York out

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Speaker 1: of the water, and that's California. When is it going

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Speaker 1: to happen? What is it going to look like? Yeah,

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Speaker 1: so California. Yes, most populous US state is about nineteen

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Speaker 1: professional sports teams there, um and a ton of sports

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Speaker 1: fans um. I get hit up with questions all the time.

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Speaker 1: When is California gonna legal clause? The answer is it

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Speaker 1: could happen at the end of the year. There's two

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Speaker 1: ballot propositions which are gonna people are gonna be able

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Speaker 1: to vote on during the November election. There would each

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Speaker 1: legalized sports betting in a different way. One is being

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Speaker 1: pushed by the states native tribes, which right now have

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Speaker 1: sort of a monopoly on gambling in the state. They

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Speaker 1: want only to have sports betting at their casquinos on

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Speaker 1: their property, which makes sense after the tribes. And then

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Speaker 1: the other is being pushed by the online operators, which

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Speaker 1: are your fan duels bet MGM, Draft Kings. They want

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Speaker 1: to be able to operate in the state. So what's

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Speaker 1: happened is each group is openly campaigning against the other's proposal,

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Speaker 1: saying why it's bad. Online proposal is going to give

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Speaker 1: a ton of money to homelessness mental health services. That's

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Speaker 1: sort of the way they've been championing it. Tribal proposal,

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Speaker 1: their main issue is saying, hey, don't let these out

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Speaker 1: of state companies coming in the state. Once they come in,

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Speaker 1: will never be able to get them out. They're gonna

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Speaker 1: eye gaming in the future, which is gonna hurt our

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Speaker 1: bottom line. Um So, combined between both groups, they've spent

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Speaker 1: a hundred and seventy five million dollars so far and

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Speaker 1: we're not even close to November. So if you live

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Speaker 1: in California, you've probably noticed these ads saying not saying hey,

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Speaker 1: vote for this thing, saying hey, don't vote for that one,

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Speaker 1: don't vote for this one, which a lot of people

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Speaker 1: are concerned is going to create sort of a cannibalization

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Speaker 1: effect where people are so confused they think sports betting

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Speaker 1: is bad. Everyone's been telling them that they're gonna vote

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Speaker 1: for neither. So what could end up happening is both

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00:20:46,080 --> 00:20:48,679
Speaker 1: could end up passing, which would allow online betting and

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Speaker 1: betting on tribal lands. That's sort of your best case scenario,

401
00:20:51,560 --> 00:20:53,520
Speaker 1: but it's gonna be really complicated, and you're going to

402
00:20:53,600 --> 00:20:56,440
Speaker 1: see more advertisements. It's going to get uglier every It

403
00:20:56,480 --> 00:20:59,240
Speaker 1: seems like every week both groups release some sort of

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00:20:59,280 --> 00:21:02,320
Speaker 1: served all saying why the others is worse, and then

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Speaker 1: you've got the card rooms and other tribes that are

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Speaker 1: involved in the mess as well. It's really it's really

407
00:21:07,320 --> 00:21:11,800
Speaker 1: a crazy situation. But if online gambling does pass, um

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00:21:11,920 --> 00:21:14,600
Speaker 1: lucky for California different than New York. It'll be about

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Speaker 1: a ten percent tax rate. Operators that wrote the proposition

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Speaker 1: were very smart to include that, because I have no

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Speaker 1: doubt in my mind if the tax rate was left

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Speaker 1: up to legislature they'd say, Hey, New York is making

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Speaker 1: a ton of money, let's just do it the way

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00:21:26,840 --> 00:21:28,840
Speaker 1: they did it. So if it passes, it will be

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Speaker 1: really good for the operators. But it's still sort of

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Speaker 1: a fifty fifty no idea what's gonna end up happening there. Look,

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00:21:34,200 --> 00:21:39,119
Speaker 1: we're very invested parties in this emotionally, not from a

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Speaker 1: lobbying perspective or anything like that, but our business did

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00:21:43,240 --> 00:21:48,400
Speaker 1: very well when New York went online, when Michigan went online,

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00:21:48,440 --> 00:21:53,200
Speaker 1: when Colorado went online, when Illinois went online. Our traffic increases,

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Speaker 1: our revenue increases. California coming online in the way that

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Speaker 1: the opera raiders are pushing in the ballot referendum would

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Speaker 1: be massive for Action Network and massive, by the way,

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Speaker 1: for all the other media companies that are covering gambling

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Speaker 1: and all the operators. I'm gonna let Simon ask a

426
00:22:11,560 --> 00:22:13,800
Speaker 1: question next, but I do want to get your opinion.

427
00:22:14,359 --> 00:22:19,199
Speaker 1: Handicap it what happens in November? When is sports betting?

428
00:22:19,920 --> 00:22:23,120
Speaker 1: What happens in November? And based on that, when are

429
00:22:23,119 --> 00:22:26,439
Speaker 1: we live in California? Man, So every time I make odds,

430
00:22:26,480 --> 00:22:28,520
Speaker 1: I'm always wrong about them, and I feel like a fool.

431
00:22:29,000 --> 00:22:32,320
Speaker 1: But um, i'd have to say, join the club. You'll

432
00:22:32,359 --> 00:22:37,639
Speaker 1: fit right in on this show. By the way, plus

433
00:22:37,760 --> 00:22:41,560
Speaker 1: two fifty that online gambling gets passed, just because of

434
00:22:41,640 --> 00:22:44,920
Speaker 1: how uncertain it is probably a better chance that only

435
00:22:45,000 --> 00:22:48,880
Speaker 1: tribal gaming gets passed, but maybe around plus one fifty there,

436
00:22:49,200 --> 00:22:51,000
Speaker 1: and then as far as when you'll be able to

437
00:22:51,000 --> 00:22:53,680
Speaker 1: sports bet if they both passed, I think, oh God

438
00:22:53,720 --> 00:22:55,760
Speaker 1: really knows the answer to that question. We've seen some

439
00:22:55,760 --> 00:22:59,280
Speaker 1: states like Maryland take nearly three years. We've seen some

440
00:22:59,320 --> 00:23:03,560
Speaker 1: states like New Jersey take nearly three weeks. California, I'm sure,

441
00:23:03,720 --> 00:23:06,480
Speaker 1: is going to have a lengthy regulation process. They like

442
00:23:06,600 --> 00:23:08,159
Speaker 1: to be very thorough, if you want to put it

443
00:23:08,200 --> 00:23:10,960
Speaker 1: that way about all their new laws and industries are

444
00:23:10,960 --> 00:23:13,879
Speaker 1: bringing in. So I'd imagine it would be more on

445
00:23:13,920 --> 00:23:19,320
Speaker 1: the longer, maybe sports betting online in California by mid

446
00:23:19,400 --> 00:23:24,120
Speaker 1: For being optimistic late, everyone out there that if you're

447
00:23:24,359 --> 00:23:26,399
Speaker 1: like me and you love to invest, I mean I

448
00:23:26,440 --> 00:23:29,359
Speaker 1: love investing, it's dark days right now in the gambling world.

449
00:23:29,400 --> 00:23:31,920
Speaker 1: If you're if you've been buying gameling stock. A lot

450
00:23:31,920 --> 00:23:34,639
Speaker 1: of these stocks are below what they I mean opened

451
00:23:34,640 --> 00:23:37,399
Speaker 1: at like I know pens below, DKs below. If you

452
00:23:37,440 --> 00:23:39,359
Speaker 1: need to take a step back and look out everything

453
00:23:39,440 --> 00:23:41,760
Speaker 1: this man just let out for you. Ohio is an

454
00:23:41,800 --> 00:23:45,720
Speaker 1: online yet, California is not online yet, Texas isn't online yet.

455
00:23:46,000 --> 00:23:47,720
Speaker 1: And to me, what I want to ask you about

456
00:23:47,760 --> 00:23:50,359
Speaker 1: is Florida. What the hell has happened with Florida? Like

457
00:23:51,359 --> 00:23:53,760
Speaker 1: it feels like it kind of just went away. They

458
00:23:53,800 --> 00:23:56,600
Speaker 1: literally had sports betting. People are betting on their phones

459
00:23:56,640 --> 00:24:00,800
Speaker 1: in their homes and then, yeah, what's the update on

460
00:24:00,800 --> 00:24:04,440
Speaker 1: Florida right now? So there is no real update on Florida. Yeah,

461
00:24:04,480 --> 00:24:06,840
Speaker 1: you're right. It was up for about two or three months.

462
00:24:07,040 --> 00:24:10,919
Speaker 1: And basically what they did there was the state passed

463
00:24:10,920 --> 00:24:14,360
Speaker 1: the law, the governor signed it, which allowed one tribe

464
00:24:14,400 --> 00:24:17,679
Speaker 1: to have a monopoly on gambling. There are many tribes

465
00:24:17,680 --> 00:24:19,760
Speaker 1: in Florida. They didn't like it. They didn't like that

466
00:24:19,880 --> 00:24:22,480
Speaker 1: one tribe got exclusivity over So what they did is

467
00:24:22,560 --> 00:24:25,119
Speaker 1: they took it to court. They challenged it. There is

468
00:24:25,160 --> 00:24:29,080
Speaker 1: a law called IGRA, which is the Indian Gaming Regulation Act,

469
00:24:29,160 --> 00:24:32,680
Speaker 1: I believe, which has to do with Native American tribes

470
00:24:32,960 --> 00:24:36,719
Speaker 1: and what they how they control gambling. So they sued

471
00:24:36,800 --> 00:24:41,320
Speaker 1: under that in district court a district judge. They effectively

472
00:24:41,400 --> 00:24:46,000
Speaker 1: paused the operations in Florida indefinitely. Um, there's probably gonna

473
00:24:46,000 --> 00:24:48,160
Speaker 1: be an appeal, but it's in the court system's hands

474
00:24:48,240 --> 00:24:50,960
Speaker 1: right now, so there's no timeline for the hard rock

475
00:24:51,000 --> 00:24:54,080
Speaker 1: app to go back up. It's really sad because this

476
00:24:54,160 --> 00:24:56,320
Speaker 1: could have probably been easily avoided if the state just

477
00:24:56,440 --> 00:24:59,320
Speaker 1: allowed all the tribes to partner. I'm not really sure

478
00:24:59,320 --> 00:25:01,520
Speaker 1: why they gave them, notly to one because it got

479
00:25:01,600 --> 00:25:04,960
Speaker 1: challenged and struck down. So, yeah, Florida is tough times ahead.

480
00:25:05,000 --> 00:25:07,440
Speaker 1: There was a there was a push to get sports

481
00:25:07,440 --> 00:25:09,920
Speaker 1: betting on the ballot this year that failed. They have

482
00:25:10,080 --> 00:25:12,000
Speaker 1: enough signatures, um, and they won't be able to do

483
00:25:12,080 --> 00:25:16,080
Speaker 1: that next year because of political rules. So it'll probably

484
00:25:16,200 --> 00:25:19,639
Speaker 1: be at least until until you see any glimmer of

485
00:25:19,640 --> 00:25:22,879
Speaker 1: hope in Florida. Just pure corruption that is, That's literally

486
00:25:22,920 --> 00:25:25,800
Speaker 1: what you're talking about there. But that's my whole point

487
00:25:25,800 --> 00:25:27,840
Speaker 1: with the whole stock thing though, is just that I'm

488
00:25:27,840 --> 00:25:29,320
Speaker 1: with people that I'm freaking out about it, but I

489
00:25:29,320 --> 00:25:32,080
Speaker 1: still think it's it's not full panic mode where it's

490
00:25:32,080 --> 00:25:34,280
Speaker 1: like these things are gonna grow. It's still just very

491
00:25:34,320 --> 00:25:36,480
Speaker 1: early in this whole sports betting thing. Like Chad just

492
00:25:36,520 --> 00:25:40,000
Speaker 1: talked about, New York is the biggest state we've added recently.

493
00:25:40,000 --> 00:25:41,879
Speaker 1: We've seen what's happened with them. They've really blown up.

494
00:25:41,920 --> 00:25:44,120
Speaker 1: So to me, I get the panic in the whole

495
00:25:44,119 --> 00:25:47,679
Speaker 1: sports betting community, um with all everything, but I just

496
00:25:47,680 --> 00:25:50,199
Speaker 1: see there's just so much room for growth. It's just

497
00:25:50,720 --> 00:25:52,680
Speaker 1: people want everything to be what it was during the pandemic.

498
00:25:52,800 --> 00:25:55,479
Speaker 1: Everything was all inflated. But I think now we're kind

499
00:25:55,480 --> 00:25:57,240
Speaker 1: of at a balance here where it's like, Okay, it's

500
00:25:57,320 --> 00:25:59,920
Speaker 1: correctly priced, and I'll go up from here. So I

501
00:26:00,080 --> 00:26:01,560
Speaker 1: would just love to hear where your view is on

502
00:26:01,600 --> 00:26:04,479
Speaker 1: all these different sports books in their stocks, because I

503
00:26:04,520 --> 00:26:07,520
Speaker 1: constantly see it online people talking about, well, sports betting

504
00:26:07,520 --> 00:26:09,800
Speaker 1: is up all these states, Drob, why is the stock

505
00:26:09,920 --> 00:26:13,280
Speaker 1: keep dropping? Yeah? No, that's that's a great point and

506
00:26:13,359 --> 00:26:15,760
Speaker 1: it plays to a lot. What Chad says is that

507
00:26:16,320 --> 00:26:18,520
Speaker 1: we are not anywhere close to the ninth ending of

508
00:26:18,520 --> 00:26:21,199
Speaker 1: sports betting, where maybe in the fifth sixth inning, you know,

509
00:26:21,240 --> 00:26:23,159
Speaker 1: we haven't even had We've had seventy percent of the

510
00:26:23,160 --> 00:26:25,920
Speaker 1: states legalized, but as I said before, about only twenty

511
00:26:26,040 --> 00:26:29,119
Speaker 1: or fully online. And what happens when you know a

512
00:26:29,119 --> 00:26:31,840
Speaker 1: new state like New York legalizes is these companies lose

513
00:26:31,920 --> 00:26:34,199
Speaker 1: a ship ton of money if they go in. You

514
00:26:34,240 --> 00:26:36,680
Speaker 1: see the ads everywhere. You see JB. Smooth on your

515
00:26:36,680 --> 00:26:39,679
Speaker 1: television talking about being a caesar, you see you know

516
00:26:39,760 --> 00:26:43,280
Speaker 1: Jamie Fox like you see they spend these celebrities are expensive.

517
00:26:43,440 --> 00:26:45,920
Speaker 1: You see if I'm in d C, I see advertisements

518
00:26:45,960 --> 00:26:49,000
Speaker 1: everywhere when a new state legalizes. That's not when the

519
00:26:49,040 --> 00:26:51,280
Speaker 1: companies are gonna make money. That's when they're gonna lose

520
00:26:51,359 --> 00:26:54,440
Speaker 1: a ton. So we saw that, MGM, we saw Caesar's

521
00:26:54,480 --> 00:26:57,080
Speaker 1: scale back the promotions. Uh, it's got a lot of

522
00:26:57,080 --> 00:27:00,360
Speaker 1: criticism as as your point, Um, you just ending money

523
00:27:00,359 --> 00:27:02,840
Speaker 1: when we're gonna seek growth. But this is sort of

524
00:27:02,840 --> 00:27:04,920
Speaker 1: a long term hold kind of thing. I'm no by

525
00:27:05,119 --> 00:27:09,720
Speaker 1: no by new means a financial advisor or whatever. These

526
00:27:09,720 --> 00:27:12,639
Speaker 1: companies aren't going to be profitable for a long long time. Still,

527
00:27:12,960 --> 00:27:15,679
Speaker 1: the idea is right now, get as many you know,

528
00:27:15,720 --> 00:27:18,199
Speaker 1: customers as possible, spend all the money, get them to

529
00:27:18,280 --> 00:27:20,840
Speaker 1: use your apps, Convince them you know that your app

530
00:27:20,880 --> 00:27:23,600
Speaker 1: is the best. You know. Once California legalizes, they're gonna

531
00:27:23,600 --> 00:27:25,359
Speaker 1: lose even more money. Like New York, it's gonna be

532
00:27:25,800 --> 00:27:27,680
Speaker 1: it's gonna be insane, and people are going to freak

533
00:27:27,720 --> 00:27:30,640
Speaker 1: out about the stocks. But you know, it's a long

534
00:27:30,760 --> 00:27:33,119
Speaker 1: term thing. That's the whole idea of the business is,

535
00:27:33,320 --> 00:27:36,639
Speaker 1: you know, eventually, hopefully will be profitable, but right now

536
00:27:36,640 --> 00:27:42,919
Speaker 1: it's spend, spend spent. I feel like, um, between my salary,

537
00:27:43,119 --> 00:27:46,240
Speaker 1: my four oh one K, I got enough money tied

538
00:27:46,359 --> 00:27:49,719
Speaker 1: up in the gaming industry. I don't need to go

539
00:27:49,800 --> 00:27:55,960
Speaker 1: by the what could be perceived as depressed stocks in

540
00:27:56,000 --> 00:27:59,080
Speaker 1: the public markets. Right now, I'm out of that game.

541
00:27:59,320 --> 00:28:03,120
Speaker 1: When it comes to gambling stocks, forty years to wait

542
00:28:03,119 --> 00:28:05,879
Speaker 1: for them to build back up, like me and Sano. Yeah,

543
00:28:06,520 --> 00:28:08,879
Speaker 1: my horizon is different. I'm in the back half of

544
00:28:08,880 --> 00:28:12,560
Speaker 1: the game. I gotta be thinking about retirement. I gotta

545
00:28:12,640 --> 00:28:15,920
Speaker 1: be thinking about, you know, buying a house in Florida.

546
00:28:16,280 --> 00:28:19,680
Speaker 1: I can't be thinking about, you know, ten year horizons.

547
00:28:19,800 --> 00:28:25,640
Speaker 1: I got five maybe five left something. Just old Sam

548
00:28:25,800 --> 00:28:30,040
Speaker 1: that's going nowhere. He's addicted to it. I'm old. I

549
00:28:30,080 --> 00:28:33,000
Speaker 1: can't keep up in this racket. Young bucks like you.

550
00:28:33,119 --> 00:28:35,520
Speaker 1: All right, we talked a little bit about this. Florida

551
00:28:36,200 --> 00:28:39,520
Speaker 1: sucked it up, Illinois sucked it up for a long time.

552
00:28:39,760 --> 00:28:44,800
Speaker 1: Louisiana cockamambe rules tied a lot of the horse racing bullshit,

553
00:28:45,000 --> 00:28:48,640
Speaker 1: the to betting and did it perish by parish. In

554
00:28:48,680 --> 00:28:53,280
Speaker 1: every instance, there is a self interest on the part

555
00:28:53,320 --> 00:28:56,520
Speaker 1: of the politicians who are putting these laws together to

556
00:28:57,160 --> 00:29:00,320
Speaker 1: that buddies have their hands out, relatives have their hands doubt.

557
00:29:01,000 --> 00:29:04,640
Speaker 1: I'm not exaggerating to say that there is not even

558
00:29:05,160 --> 00:29:11,400
Speaker 1: as you said, simon corruption or even malfeasance. It's just incompetence.

559
00:29:11,720 --> 00:29:13,880
Speaker 1: Like so many of the people who are making these

560
00:29:13,920 --> 00:29:16,840
Speaker 1: decisions about how to design what gaming should look like

561
00:29:16,880 --> 00:29:19,560
Speaker 1: and what sports betting should look like are just bad

562
00:29:19,600 --> 00:29:24,640
Speaker 1: at it, like they're Chad. Yeah, they're just so compromised

563
00:29:24,680 --> 00:29:27,000
Speaker 1: and bad at it. They don't think about what's good

564
00:29:27,000 --> 00:29:30,000
Speaker 1: for the customer. They are only thinking how can I

565
00:29:30,320 --> 00:29:35,760
Speaker 1: personally extract value for something? And it's it's just it's

566
00:29:36,320 --> 00:29:39,240
Speaker 1: tremendously frustrating if you're in this business. And I think

567
00:29:39,240 --> 00:29:41,480
Speaker 1: it has an impact on the stocks too, because so

568
00:29:41,520 --> 00:29:44,120
Speaker 1: many of the state by state issues, you change it

569
00:29:44,120 --> 00:29:47,360
Speaker 1: everywhere you go. New York is charging so much, New

570
00:29:47,360 --> 00:29:50,360
Speaker 1: Gergy charging West, New Jersey becoming more mature. New York

571
00:29:50,480 --> 00:29:52,560
Speaker 1: is getting hard and hard to acquire customers. I mean,

572
00:29:53,480 --> 00:29:58,000
Speaker 1: there's no just positivity in every single market. That said,

573
00:29:58,280 --> 00:30:02,240
Speaker 1: long winded question, who is doing it perfectly? So I

574
00:30:02,280 --> 00:30:04,200
Speaker 1: don't know if there's a good answer for who's doing

575
00:30:04,200 --> 00:30:07,240
Speaker 1: it perfectly. You know, you alluded to New Jersey, which

576
00:30:07,600 --> 00:30:10,200
Speaker 1: has let many many operators come in the state, kept

577
00:30:10,200 --> 00:30:12,600
Speaker 1: the tax right relatively low, which has been good. You know,

578
00:30:12,600 --> 00:30:14,520
Speaker 1: we've seen New Jersey to be one of the top states.

579
00:30:14,880 --> 00:30:17,520
Speaker 1: When Pennsylvania, they were one of the earliest when when

580
00:30:17,560 --> 00:30:21,720
Speaker 1: they contemplated their law, they were contemplating a thirty six

581
00:30:21,720 --> 00:30:25,000
Speaker 1: percent tax rate, which ended up passing, and the operators said,

582
00:30:25,000 --> 00:30:27,880
Speaker 1: oh no, no, no no, that's too high, will never be profitable. Um,

583
00:30:27,920 --> 00:30:29,600
Speaker 1: you know it's gonna the cost is gonna get passed

584
00:30:29,600 --> 00:30:32,680
Speaker 1: down to the customers. We can't do that. Couple year, Pennsylvania's,

585
00:30:32,760 --> 00:30:34,600
Speaker 1: you know, one of the states they've seen the most money,

586
00:30:34,640 --> 00:30:36,240
Speaker 1: and and now you have and then you have states

587
00:30:36,280 --> 00:30:40,840
Speaker 1: that's I mean, thirty compared to New York's is is nothing.

588
00:30:41,320 --> 00:30:44,080
Speaker 1: There's more states that are doing it terribly wrong than

589
00:30:44,120 --> 00:30:46,400
Speaker 1: states that are doing it terribly right. We can talk

590
00:30:46,400 --> 00:30:49,160
Speaker 1: about Washington, d c. Which is where I usually am

591
00:30:49,160 --> 00:30:53,520
Speaker 1: calling in from. They only let one operator their state

592
00:30:53,560 --> 00:30:57,760
Speaker 1: lottery run online betting, and in turn, you've seen your

593
00:30:57,800 --> 00:31:01,160
Speaker 1: average line on a game probably and this one thirty

594
00:31:01,720 --> 00:31:04,280
Speaker 1: minus one twenty. I have to pinch myself sometimes when

595
00:31:04,280 --> 00:31:07,040
Speaker 1: I see plus money on the juice. It's really it's

596
00:31:07,080 --> 00:31:09,640
Speaker 1: just terrible. And their app went down during the Super Bowl,

597
00:31:10,160 --> 00:31:13,000
Speaker 1: leaving people with no other options to bet. If you're

598
00:31:13,240 --> 00:31:16,560
Speaker 1: if you're a state, don't rely on one mobile operator.

599
00:31:17,080 --> 00:31:19,560
Speaker 1: Chances are they're going to take advantage of the customer.

600
00:31:19,720 --> 00:31:23,600
Speaker 1: Chances are they will go down during a very important

601
00:31:23,640 --> 00:31:26,720
Speaker 1: time like the Super Bowl. UM, we've seen a lot

602
00:31:26,720 --> 00:31:32,160
Speaker 1: of states to allow operators to deduct or rather right

603
00:31:32,240 --> 00:31:36,720
Speaker 1: off any revenue tied to promotional bets. That's stuff like

604
00:31:37,680 --> 00:31:43,000
Speaker 1: free bets on your next game or whatever, um freet

605
00:31:44,640 --> 00:31:47,640
Speaker 1: odds boost on this thing. We've at the states do

606
00:31:47,720 --> 00:31:51,200
Speaker 1: that recently, which has whittled down the revenue they expected.

607
00:31:51,680 --> 00:31:54,680
Speaker 1: Some states have looked at sunsetting that where after a

608
00:31:54,720 --> 00:31:58,720
Speaker 1: few years, once the operators supposedly acquire the share of

609
00:31:58,720 --> 00:32:01,200
Speaker 1: the market they want to through all these vast promos,

610
00:32:01,920 --> 00:32:04,840
Speaker 1: the states stopped letting them deduct for that. So there's

611
00:32:04,880 --> 00:32:07,480
Speaker 1: really no one state that's done it perfectly. I mean,

612
00:32:07,520 --> 00:32:09,760
Speaker 1: you can look at Nevada. I'm sure you know, people

613
00:32:09,800 --> 00:32:12,520
Speaker 1: think they're doing things well, but it's more so what

614
00:32:12,720 --> 00:32:15,880
Speaker 1: not to do, what states to avoid. Um, we've seen

615
00:32:15,880 --> 00:32:18,640
Speaker 1: a big obstacle be states where there are tribes like Florida.

616
00:32:19,280 --> 00:32:21,800
Speaker 1: It's probably a good idea not to piss off any

617
00:32:21,840 --> 00:32:25,400
Speaker 1: tribes like you've seen in Florida with them suing and

618
00:32:25,440 --> 00:32:28,800
Speaker 1: blocking the law. You have other states like Minnesota where

619
00:32:28,800 --> 00:32:31,600
Speaker 1: they tried to pass something and for years tribes have

620
00:32:31,680 --> 00:32:35,320
Speaker 1: been opposed to sports betting because what they considered would

621
00:32:35,320 --> 00:32:38,280
Speaker 1: have let race tracks and casinos and non trick to

622
00:32:38,280 --> 00:32:40,760
Speaker 1: get on the action. And they were going to pass,

623
00:32:40,920 --> 00:32:43,760
Speaker 1: you know, a tribal monopoly bill. But once they said, hey,

624
00:32:43,840 --> 00:32:45,840
Speaker 1: let's amend that, let's let the race tracks participate, the

625
00:32:45,880 --> 00:32:48,680
Speaker 1: tribes killed it with a huge lobbying prests. So there's

626
00:32:48,680 --> 00:32:51,160
Speaker 1: a lot of different things you sort of have to navigate. Um,

627
00:32:51,200 --> 00:32:53,520
Speaker 1: And every state is complicated in its own way. But

628
00:32:53,520 --> 00:32:56,000
Speaker 1: I would say, as many operators as you can, keep

629
00:32:56,040 --> 00:32:58,520
Speaker 1: the tax rate relatively reasonable. It doesn't have to be

630
00:32:58,640 --> 00:33:01,880
Speaker 1: super lowed as but don't make it super high otherwise

631
00:33:01,880 --> 00:33:03,800
Speaker 1: you might see you know, the effects of that come

632
00:33:03,840 --> 00:33:06,400
Speaker 1: in later. Um. And you know the rest of it

633
00:33:06,440 --> 00:33:08,000
Speaker 1: is just learning. We have to see what's gonna work

634
00:33:08,000 --> 00:33:09,720
Speaker 1: well in these states, what's not. You know, New Jersey

635
00:33:09,760 --> 00:33:11,640
Speaker 1: has been great because it's it's done all those things

636
00:33:11,680 --> 00:33:15,280
Speaker 1: I mentioned. Alright, Sam, that's pretty good roundup. I think

637
00:33:15,280 --> 00:33:18,800
Speaker 1: I think what you're saying is be customer friendly and

638
00:33:19,160 --> 00:33:22,160
Speaker 1: let's root for good news. In California, let's root for

639
00:33:22,200 --> 00:33:26,160
Speaker 1: good news. In Ohio. Now I feel very informed. I'm

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00:33:26,240 --> 00:33:29,320
Speaker 1: burying my job. I'm much smarter about betting right now

641
00:33:29,360 --> 00:33:31,120
Speaker 1: than I was before. I don't know if I can

642
00:33:31,160 --> 00:33:33,800
Speaker 1: make it better prediction than Warriors in five, but you know,

643
00:33:34,400 --> 00:33:35,760
Speaker 1: I feel like at least I know what's going to

644
00:33:35,840 --> 00:33:38,400
Speaker 1: happen next in every state. Who's gonna be in the finals?

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00:33:38,440 --> 00:33:39,840
Speaker 1: Why don't you shoot your shot now? Is that? Then?

646
00:33:39,920 --> 00:33:42,240
Speaker 1: Versus Boston? This has been a tough one. I've been

647
00:33:42,280 --> 00:33:44,960
Speaker 1: thinking about it a lot. You know, I watch every game,

648
00:33:45,560 --> 00:33:47,800
Speaker 1: I listen to NBA radio in the morning. I'm a

649
00:33:47,880 --> 00:33:51,400
Speaker 1: huge NBA fan. Definitely gonna be the Celtics and the Warriors,

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00:33:52,040 --> 00:33:57,440
Speaker 1: and I'm having a hard time seeing who wins. The

651
00:33:57,480 --> 00:34:01,600
Speaker 1: Warriors are just so good, and they're so deep, and

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00:34:01,640 --> 00:34:07,120
Speaker 1: the way Steve Kerr has gotten Moses Moody and Jonathan

653
00:34:07,200 --> 00:34:11,839
Speaker 1: Cominga to get real quality minutes. Jordan Poole obviously has

654
00:34:11,880 --> 00:34:15,600
Speaker 1: been playing well through the playoffs. Like you know, he's

655
00:34:15,640 --> 00:34:21,320
Speaker 1: just giving young players who are super athletic real time

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00:34:21,360 --> 00:34:24,600
Speaker 1: on the court. That's going to be invaluable in the finals.

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00:34:24,640 --> 00:34:27,600
Speaker 1: So I'd love to see Boston win it. I love

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00:34:27,640 --> 00:34:29,960
Speaker 1: their coach, love what the team did this year. I

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00:34:30,040 --> 00:34:32,759
Speaker 1: like teams that are patient and turn around. I like

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00:34:32,880 --> 00:34:34,920
Speaker 1: the way they built their team. I'd have to go

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00:34:35,000 --> 00:34:38,439
Speaker 1: Warriors in six. Thank god, Boston fans of the works,

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00:34:38,880 --> 00:34:41,840
Speaker 1: they have enough championships. Stop giving Boston more championships. I

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00:34:41,880 --> 00:34:45,360
Speaker 1: don't mind, Boston fans. I don't mind. That's been the podcast.

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00:34:45,480 --> 00:34:49,560
Speaker 1: This has been the favorites from the Volume Podcast Network.

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00:34:49,680 --> 00:34:52,800
Speaker 1: I am Chad Milman for Simon Hunter for Sam McQuillan

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00:34:53,239 --> 00:34:56,640
Speaker 1: are legal reporter. Follow Sam in addition to finding his

667
00:34:56,640 --> 00:34:58,520
Speaker 1: stuff on Action network dot com and in the Action

668
00:34:58,520 --> 00:35:02,880
Speaker 1: Network app. Follow him on the Twitter at Sam Underscore

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00:35:03,520 --> 00:35:09,239
Speaker 1: mc quill m c q U I l L for

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00:35:09,480 --> 00:35:13,200
Speaker 1: producer Matt Mitchell. Download us from Apple, podcast from Spotify,

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00:35:13,239 --> 00:35:15,680
Speaker 1: wherever you get your podcast. Rate review, subscribe to give

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00:35:15,760 --> 00:35:18,240
Speaker 1: us five stars. Say anything you want. Feedback is a gift.

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00:35:18,920 --> 00:35:20,440
Speaker 1: Until next time, I Love you,