1 00:00:00,280 --> 00:00:03,360 Speaker 1: This is the business of sports. Let's talk Super Bowl 2 00:00:03,520 --> 00:00:06,600 Speaker 1: and Fox Sports, every single thing that occurs. I want 3 00:00:06,600 --> 00:00:08,880 Speaker 1: people to remember, this is a business. Guaranteed. Money isn't 4 00:00:08,920 --> 00:00:13,520 Speaker 1: necessarily guaranteed. Michael Ball, how high can these valuations go? Scott? 5 00:00:14,800 --> 00:00:17,880 Speaker 1: Everybody loves rooting against him, right, Evan, nobody Williams Off 6 00:00:17,920 --> 00:00:19,840 Speaker 1: the field, the NBA has never been buzzier. And the 7 00:00:19,920 --> 00:00:23,720 Speaker 1: leaders in the sports industry Major League Baseball Commissioner Rob Manfred, MIKEA. 8 00:00:23,840 --> 00:00:26,560 Speaker 1: Roscoe is the commissioner of the American Athletic Conferest here 9 00:00:26,600 --> 00:00:29,319 Speaker 1: At Smith, president of Ticketmasters, and the race card driver 10 00:00:29,440 --> 00:00:34,080 Speaker 1: Elio Castro Evs Bloomberg Business of Sports from Bloomberg Radio. Hello, 11 00:00:34,120 --> 00:00:36,920 Speaker 1: I'm Michael blond I'm Evan, Novie Williams, and I'm Scott. 12 00:00:37,560 --> 00:00:40,360 Speaker 1: Every week at this time, plus Mondays and Wednesdays, we 13 00:00:40,400 --> 00:00:42,839 Speaker 1: explore the big money issues in the world of sports. Today, 14 00:00:42,880 --> 00:00:46,040 Speaker 1: we sit down with Draft Kings CEO Jason Robbins and 15 00:00:46,040 --> 00:00:49,320 Speaker 1: talk about operating a sports betting company while the sports 16 00:00:49,320 --> 00:00:51,960 Speaker 1: world is on hold. That's straight ahead on the Bloomberg 17 00:00:51,960 --> 00:00:53,920 Speaker 1: Business of Sports show. But first let's look at some 18 00:00:53,960 --> 00:00:57,600 Speaker 1: of the top stories of the week. Let's start we're 19 00:00:57,640 --> 00:01:01,200 Speaker 1: supposed to be thinking about opening day in aceball, folks, 20 00:01:01,640 --> 00:01:04,840 Speaker 1: And obviously there are no games that are going to 21 00:01:04,880 --> 00:01:08,160 Speaker 1: be played and not played for a while. According to 22 00:01:08,240 --> 00:01:11,440 Speaker 1: Rob Manfred, he's also saying that there is a good 23 00:01:11,520 --> 00:01:15,000 Speaker 1: chance that even if they do resume the season, we're 24 00:01:15,040 --> 00:01:17,679 Speaker 1: not going to have a full two games season. What 25 00:01:17,640 --> 00:01:20,280 Speaker 1: do you mean we're supposed to be thinking about opening day? Bar, 26 00:01:20,360 --> 00:01:23,280 Speaker 1: Aren't you thinking about opening day? Peanuts and cracker jacks 27 00:01:23,280 --> 00:01:26,760 Speaker 1: and all the good stuff? Yes, Tigers everything. Oh, you 28 00:01:26,880 --> 00:01:30,119 Speaker 1: just ruined it with Tiger. Tell me again about fig 29 00:01:30,160 --> 00:01:34,399 Speaker 1: Rich to Trammel and Whittaker. Oh man, that's that's like 30 00:01:34,720 --> 00:01:37,920 Speaker 1: Tinker's the Eller's the chance man. That's oh man, that 31 00:01:38,280 --> 00:01:41,200 Speaker 1: boy at Mark fid Ridge the bird. If anybody who 32 00:01:41,240 --> 00:01:46,120 Speaker 1: remembers baseball back in the day, uh ninety six, the 33 00:01:46,120 --> 00:01:51,320 Speaker 1: Detroit Tigers, they had this very unique picture Mark fid Rich, 34 00:01:51,560 --> 00:01:53,720 Speaker 1: and he the reason why they called him the bird 35 00:01:53,760 --> 00:01:55,400 Speaker 1: is that he would scratch them out, and he looked 36 00:01:55,440 --> 00:01:57,720 Speaker 1: like a bird, and he would talk to himself on 37 00:01:57,760 --> 00:02:01,200 Speaker 1: the mound and you'd see all this and and you know, 38 00:02:01,280 --> 00:02:04,320 Speaker 1: and of course the sports announcers made fun of him, 39 00:02:04,840 --> 00:02:08,000 Speaker 1: but he was just dynamite. What a character. This is 40 00:02:08,040 --> 00:02:09,840 Speaker 1: the part of the show bar where we turned to 41 00:02:10,280 --> 00:02:12,760 Speaker 1: young Noby Williams and say, have you ever heard of 42 00:02:12,760 --> 00:02:14,919 Speaker 1: Mark fid Rich. I have heard of Mark fid Rich. Yes, 43 00:02:15,360 --> 00:02:17,480 Speaker 1: I will admit that when I first heard the name, 44 00:02:17,480 --> 00:02:20,559 Speaker 1: I was thinking about the who was the Sports Illustrated 45 00:02:21,280 --> 00:02:28,560 Speaker 1: April Fool's Day joke? Picture? Yeah, um finch a bird? Yeah, 46 00:02:28,600 --> 00:02:30,960 Speaker 1: there you go. So what are you most disappointed about? 47 00:02:30,960 --> 00:02:32,640 Speaker 1: What were you're looking forward to? Let's do it from 48 00:02:32,680 --> 00:02:36,120 Speaker 1: a sports business perspective. What we look forward to every 49 00:02:36,160 --> 00:02:39,400 Speaker 1: opening day? I mean, the the nostalgia part of me 50 00:02:39,680 --> 00:02:41,840 Speaker 1: likes the fact that the first week of baseball there 51 00:02:41,880 --> 00:02:44,320 Speaker 1: are a lot of games happening during the day and 52 00:02:44,360 --> 00:02:47,120 Speaker 1: that always feels like a comforting welcome of spring to me. 53 00:02:47,360 --> 00:02:49,400 Speaker 1: But yeah, I think I think it's everything about the 54 00:02:49,400 --> 00:02:52,400 Speaker 1: sports world now, and baseball is obviously not alone. Is 55 00:02:52,440 --> 00:02:55,200 Speaker 1: now kind of thrust into this weird question of when 56 00:02:55,240 --> 00:02:59,080 Speaker 1: it can be resumed and behind the scenes talking about 57 00:03:00,040 --> 00:03:02,280 Speaker 1: for an options for how long the season can be, 58 00:03:02,440 --> 00:03:05,040 Speaker 1: when when to host it, thinking about when do you 59 00:03:05,080 --> 00:03:08,040 Speaker 1: hold your post season and then work your way back. 60 00:03:08,120 --> 00:03:11,440 Speaker 1: Do you want to compete with the NFL more or less. 61 00:03:11,480 --> 00:03:13,280 Speaker 1: I mean, I think there's just so many questions and 62 00:03:13,320 --> 00:03:16,520 Speaker 1: so many interesting questions kind of happening behind the scenes. 63 00:03:16,560 --> 00:03:18,320 Speaker 1: One other thing that that that made me laugh when 64 00:03:18,320 --> 00:03:21,040 Speaker 1: you mentioned opening Day. You know, we are recording this 65 00:03:21,080 --> 00:03:25,279 Speaker 1: on Thursday, exactly two weeks from the moment that Baseball 66 00:03:25,320 --> 00:03:27,839 Speaker 1: announced that its opening day would be delayed. And man, 67 00:03:27,919 --> 00:03:30,800 Speaker 1: that feels like it's two months. It does feel like 68 00:03:30,840 --> 00:03:35,080 Speaker 1: a while. But these networks do need to show something. 69 00:03:35,640 --> 00:03:38,000 Speaker 1: So are you at all excited? Can this tempt you? 70 00:03:38,760 --> 00:03:42,200 Speaker 1: If if the world is stuck at home? MLB networks 71 00:03:42,200 --> 00:03:45,600 Speaker 1: Opening Day, they're gonna show us at one pm. You're 72 00:03:45,600 --> 00:03:50,480 Speaker 1: getting the Yankees in, the Indians from four pm, Giants 73 00:03:50,480 --> 00:03:56,680 Speaker 1: and Dodgers from six pm, Giants and d Backs seventeen uh. 74 00:03:56,720 --> 00:03:58,280 Speaker 1: And I admit I have no idea what happened in 75 00:03:58,320 --> 00:04:04,240 Speaker 1: that game that made it good? Nine Okay, Padres and 76 00:04:04,400 --> 00:04:08,440 Speaker 1: Rockies in two thousand and five. Any of that tempt you? Guys? 77 00:04:08,560 --> 00:04:11,240 Speaker 1: You want to sit and watch the stuff over again? Yeah? 78 00:04:11,480 --> 00:04:13,960 Speaker 1: I would. I would watch this again. I mean I've 79 00:04:14,080 --> 00:04:17,800 Speaker 1: I've sat back and I've watched old NASCAR races and 80 00:04:17,880 --> 00:04:20,480 Speaker 1: I knew who was going to win the race. So yes, 81 00:04:20,560 --> 00:04:24,160 Speaker 1: I'd love to sit down and watch something like this. Yeah, 82 00:04:24,200 --> 00:04:26,039 Speaker 1: I'm on the other end of that one. I those 83 00:04:26,120 --> 00:04:28,000 Speaker 1: do not tempt me at all. And I mean nothing 84 00:04:28,040 --> 00:04:30,640 Speaker 1: against baseball. There there's no and and a lot of 85 00:04:30,920 --> 00:04:33,280 Speaker 1: a lot of networks now are are airing old games. 86 00:04:33,920 --> 00:04:36,839 Speaker 1: Those things don't particularly interest me. I also haven't touched 87 00:04:36,839 --> 00:04:39,479 Speaker 1: a TV in two weeks, so you know that there's 88 00:04:39,560 --> 00:04:41,600 Speaker 1: very little I think on TV that that would get 89 00:04:41,600 --> 00:04:44,760 Speaker 1: me right now. But um, yes, I think for for 90 00:04:44,800 --> 00:04:48,640 Speaker 1: hardcore baseball fans, yeah, those are probably especially interesting if 91 00:04:48,640 --> 00:04:51,160 Speaker 1: you know you know the particulars of what those games are, 92 00:04:51,200 --> 00:04:53,719 Speaker 1: or if you're a fan of one of those teams. Um, 93 00:04:53,800 --> 00:04:56,320 Speaker 1: but that is not a substitute for me personally in 94 00:04:56,560 --> 00:04:59,760 Speaker 1: any capacity. I mean, we talk about live content, and 95 00:05:00,040 --> 00:05:03,880 Speaker 1: sports is the driver of it all. Knowing the outcome 96 00:05:04,360 --> 00:05:07,480 Speaker 1: sort of ruins the idea of live I mean, that's 97 00:05:07,480 --> 00:05:12,960 Speaker 1: why people like to watch it. Check out ESPN's upcoming schedule. 98 00:05:13,000 --> 00:05:15,719 Speaker 1: What they're trying to do for Saturday. They're calling it 99 00:05:15,960 --> 00:05:20,720 Speaker 1: Strikeout Saturday. ESPN says are gonna televise four classic twenty 100 00:05:20,839 --> 00:05:23,880 Speaker 1: strikeout games in a marathon, So you're gonna get to 101 00:05:23,920 --> 00:05:28,320 Speaker 1: see Clemens, Carrie Wood, Randy Johnson. I don't think that's 102 00:05:28,320 --> 00:05:30,520 Speaker 1: when he hits the bird and kills it. And Max 103 00:05:30,600 --> 00:05:35,680 Speaker 1: Scherzer again, bar you tuning in for this? Yes, yes 104 00:05:35,760 --> 00:05:38,719 Speaker 1: I am. I mean I would love it. I've you 105 00:05:38,720 --> 00:05:42,279 Speaker 1: know there, I've seen old football games. You know, I'll 106 00:05:42,320 --> 00:05:45,120 Speaker 1: sit down and watch it. Oh yeah, this happened. Now 107 00:05:45,200 --> 00:05:47,640 Speaker 1: again I go back to all the racing. Yeah, the 108 00:05:48,000 --> 00:05:50,719 Speaker 1: moments when I see a race where I'm thinking, oh 109 00:05:50,760 --> 00:05:52,400 Speaker 1: my goodness, this is where the big one is gonna 110 00:05:52,440 --> 00:05:54,160 Speaker 1: come up, and this one and this and that whatever. 111 00:05:54,680 --> 00:05:58,000 Speaker 1: But here's why I really love to see old baseball games, 112 00:05:58,360 --> 00:06:01,040 Speaker 1: because it's a snap shot of life, especially if you 113 00:06:01,120 --> 00:06:04,320 Speaker 1: go into the sixties and fifties, a snapshot of life 114 00:06:04,440 --> 00:06:07,960 Speaker 1: during that time. Uh there was the time in fact, 115 00:06:08,000 --> 00:06:10,960 Speaker 1: on radio not too long ago. I think MLB are 116 00:06:11,160 --> 00:06:15,680 Speaker 1: the Don Larson perfect game in the World Series, And 117 00:06:16,080 --> 00:06:19,560 Speaker 1: to me, that's that's like, wow, this is what life 118 00:06:19,640 --> 00:06:22,279 Speaker 1: was like back men. I mean, yes, they had a 119 00:06:22,279 --> 00:06:24,760 Speaker 1: ball in a bat. But you see the snapshot. You 120 00:06:24,800 --> 00:06:28,040 Speaker 1: see the old school board, you see the advertisements for 121 00:06:28,560 --> 00:06:32,960 Speaker 1: Schlitz beer or whatever man out on out field. It's great. 122 00:06:33,200 --> 00:06:36,200 Speaker 1: I love it. ESPN guys had tried this for a 123 00:06:36,279 --> 00:06:38,919 Speaker 1: very long time, right. ESPN Classic was a TV show 124 00:06:39,320 --> 00:06:41,760 Speaker 1: or a TV channel, Um that you know a number 125 00:06:41,760 --> 00:06:45,640 Speaker 1: of years ago got dropped from major carriers like Comcast, 126 00:06:45,720 --> 00:06:49,440 Speaker 1: like alties. It didn't do particularly well. And I get that. 127 00:06:49,520 --> 00:06:51,440 Speaker 1: You know, now we're in a time where you know, 128 00:06:51,480 --> 00:06:53,920 Speaker 1: these games aren't competing against live sports. So so there's 129 00:06:53,960 --> 00:06:56,479 Speaker 1: kind of a draft of other things. Um, but I 130 00:06:56,480 --> 00:06:58,760 Speaker 1: do wonder and this is a good transition into kind 131 00:06:58,760 --> 00:07:01,200 Speaker 1: of our next topic. I want to hear your thoughts. 132 00:07:01,200 --> 00:07:03,600 Speaker 1: And I've got thoughts as well. If you were kind 133 00:07:03,600 --> 00:07:06,040 Speaker 1: of pulling strings at ESPN right now and you have 134 00:07:06,520 --> 00:07:09,640 Speaker 1: a lot of hours to fill with some content, be 135 00:07:09,680 --> 00:07:12,239 Speaker 1: at old games or something else, what would you guys 136 00:07:12,320 --> 00:07:15,360 Speaker 1: most like to see on TV right now when you 137 00:07:15,400 --> 00:07:20,280 Speaker 1: turn on ESPN? Oh man, you know what? Yes, ESPN 138 00:07:20,360 --> 00:07:23,920 Speaker 1: Classic used to air two things that I did not 139 00:07:25,000 --> 00:07:28,360 Speaker 1: didn't miss at all in terms of hey, I've got 140 00:07:28,360 --> 00:07:31,920 Speaker 1: to see this on TV. One they aired remember a 141 00:07:31,960 --> 00:07:35,720 Speaker 1: game show called Sports Challenge and dick Enberg was the host, 142 00:07:36,080 --> 00:07:39,400 Speaker 1: and they had all of these legends in sports and 143 00:07:39,440 --> 00:07:42,679 Speaker 1: there and there was trivia going against the two teams, 144 00:07:43,200 --> 00:07:45,480 Speaker 1: and man, I I love that as I remember seeing 145 00:07:45,520 --> 00:07:47,320 Speaker 1: that as a kid when it first aired, and then 146 00:07:47,320 --> 00:07:50,000 Speaker 1: they brought it back, and then the other one i'd 147 00:07:50,040 --> 00:07:52,640 Speaker 1: like to see come back again is Home Run Derby 148 00:07:52,680 --> 00:07:56,640 Speaker 1: the nineteen sixty version with Mark Scott uh Man. You 149 00:07:56,680 --> 00:08:00,760 Speaker 1: get to see Willie Mays al ka line. I mean, 150 00:08:00,800 --> 00:08:04,200 Speaker 1: I can go on its it just that kind of stuff, really, 151 00:08:04,760 --> 00:08:09,240 Speaker 1: just you know, hair bar, hold on bar. I gotta 152 00:08:09,280 --> 00:08:11,400 Speaker 1: tell you. I know Evan is too young to remember 153 00:08:11,440 --> 00:08:13,400 Speaker 1: the Home Run Derby, but I did watch it. My 154 00:08:13,480 --> 00:08:16,640 Speaker 1: favorite part of Home Run Derby is remember when the 155 00:08:16,680 --> 00:08:19,000 Speaker 1: guy would pop one up and then you just hear 156 00:08:19,040 --> 00:08:24,360 Speaker 1: the voice one out out because that was that was 157 00:08:24,400 --> 00:08:27,800 Speaker 1: my That was my favorite stuff. Evan. What about you 158 00:08:27,800 --> 00:08:30,960 Speaker 1: your say your birth You're Jimmy Pitaro and you're programming ESPN. 159 00:08:31,000 --> 00:08:33,160 Speaker 1: You're in charge of ESPN. You're on the line, and 160 00:08:33,200 --> 00:08:36,880 Speaker 1: what do you want? I want athletes. I want to 161 00:08:36,920 --> 00:08:40,760 Speaker 1: talk to every player Union again. I don't care about 162 00:08:41,000 --> 00:08:44,280 Speaker 1: old games. I want to see what Lebron James is 163 00:08:44,320 --> 00:08:46,120 Speaker 1: doing in his house right now. I want to have 164 00:08:46,280 --> 00:08:49,240 Speaker 1: him on a split screen talking to Dwyane Wade. If 165 00:08:49,280 --> 00:08:51,920 Speaker 1: even if you want the nostalgia thing, I would much 166 00:08:52,000 --> 00:08:55,319 Speaker 1: rather Chris Bosh, Lebron James and Dwyane Wade be on 167 00:08:55,400 --> 00:08:58,360 Speaker 1: a zoom call that is televised, maybe with a game 168 00:08:58,360 --> 00:09:00,760 Speaker 1: in the bottom corner, and they're talking about out, remember 169 00:09:00,760 --> 00:09:03,000 Speaker 1: this time out, whatever it is. I would much rather 170 00:09:03,080 --> 00:09:06,240 Speaker 1: see athletes, and I think they've been kind of conspicuously 171 00:09:06,280 --> 00:09:08,520 Speaker 1: absent so far. We can talk about a few of 172 00:09:08,520 --> 00:09:11,040 Speaker 1: them and the smart things they're doing, but on the whole, 173 00:09:11,559 --> 00:09:14,400 Speaker 1: you know, in a lot of ways, sports is kind 174 00:09:14,440 --> 00:09:16,760 Speaker 1: of this great reality TV show, and while the games 175 00:09:16,760 --> 00:09:19,600 Speaker 1: are not happening, the athletes are still around, they're still 176 00:09:19,600 --> 00:09:21,720 Speaker 1: living their lives, and they are in a lot of sports, 177 00:09:21,840 --> 00:09:25,320 Speaker 1: especially basketball, the compelling part of the whole equation. I 178 00:09:25,320 --> 00:09:26,760 Speaker 1: want to see more of them. I want to see 179 00:09:26,760 --> 00:09:29,000 Speaker 1: what they're doing. I want to hear them talking, joking 180 00:09:29,000 --> 00:09:30,640 Speaker 1: with each other. That's what I want to see. I 181 00:09:30,720 --> 00:09:34,000 Speaker 1: am with you, Evan, and I mentioned Jimmy Pitaro. He 182 00:09:34,120 --> 00:09:38,959 Speaker 1: appeared via video conference on the Sports Business Journal World 183 00:09:38,960 --> 00:09:41,840 Speaker 1: Congress of Sports, and he said that they are reaching 184 00:09:41,840 --> 00:09:44,600 Speaker 1: out to their partners and two leagues because he wants 185 00:09:44,640 --> 00:09:49,160 Speaker 1: athletes and UH in this day and age and especially 186 00:09:49,240 --> 00:09:52,560 Speaker 1: with what we're going through, everybody staying connected via social 187 00:09:52,679 --> 00:09:57,480 Speaker 1: via video conference. Absolutely, we need to see more athletes. 188 00:09:57,960 --> 00:10:01,640 Speaker 1: I'm gonna tell you what my idea was. That I 189 00:10:01,640 --> 00:10:05,520 Speaker 1: didn't just sit on it. I actually emailed ESPN and 190 00:10:05,640 --> 00:10:07,360 Speaker 1: I want to see if they if they take me 191 00:10:07,440 --> 00:10:09,439 Speaker 1: up on it. I can't just keep these ideas in 192 00:10:09,760 --> 00:10:12,920 Speaker 1: I I actually emailed Chrys Laploca. They're a great public 193 00:10:12,960 --> 00:10:15,400 Speaker 1: relations guy, and he said he would bring it up 194 00:10:15,440 --> 00:10:18,280 Speaker 1: the chain. Let's see if it happens. So hear me out. 195 00:10:18,440 --> 00:10:20,280 Speaker 1: Let me know if I have a winner here or 196 00:10:20,360 --> 00:10:25,800 Speaker 1: a dud. But everybody is thirsting for social connection. I 197 00:10:25,840 --> 00:10:29,160 Speaker 1: think we can agree with that. Everybody is stuck at home. 198 00:10:29,800 --> 00:10:32,120 Speaker 1: And one of the things we're hearing people should do 199 00:10:32,360 --> 00:10:36,160 Speaker 1: is exercise. Right, everybody needs to get busy. People are 200 00:10:36,160 --> 00:10:41,600 Speaker 1: taking walks. My idea is a nightly exercise show on 201 00:10:41,920 --> 00:10:47,880 Speaker 1: ESPN Live Live at eight pm Eastern time. They get 202 00:10:48,400 --> 00:10:51,839 Speaker 1: an athlete tonight, whether it's Lebron and I always thought 203 00:10:51,880 --> 00:10:53,800 Speaker 1: Patrick Mahomes will be great for the first one. He's 204 00:10:53,800 --> 00:10:57,560 Speaker 1: got that personality. But they run you through a one 205 00:10:57,679 --> 00:11:02,040 Speaker 1: hour workout. You know, whether it's through social channels or 206 00:11:02,160 --> 00:11:05,319 Speaker 1: they take commentary from people at home. They they look 207 00:11:05,360 --> 00:11:06,920 Speaker 1: at your form you said in the video and say, 208 00:11:06,960 --> 00:11:09,679 Speaker 1: hey Johnny in Ohio, make sure to keep your head 209 00:11:09,760 --> 00:11:13,280 Speaker 1: up a one hour live workout. So you're going to 210 00:11:13,400 --> 00:11:17,160 Speaker 1: get an athlete and the people at home you'll have interaction. 211 00:11:18,080 --> 00:11:21,000 Speaker 1: I think it's a home run idea for an athlete 212 00:11:21,080 --> 00:11:23,760 Speaker 1: or an Asian who says, I want my guy to 213 00:11:23,880 --> 00:11:27,760 Speaker 1: step up and take center stage for an hour on ESPN. 214 00:11:27,840 --> 00:11:30,040 Speaker 1: You can't buy that kind of time. So let me 215 00:11:30,080 --> 00:11:33,320 Speaker 1: ask you, Scott, because I you mentioned no weights, they 216 00:11:33,320 --> 00:11:35,400 Speaker 1: have to use household items. Was this in any way 217 00:11:35,440 --> 00:11:38,160 Speaker 1: inspired by the Olympic story that that I wrote last 218 00:11:38,160 --> 00:11:41,240 Speaker 1: week about Mandio Mitchell Mitchell the sprinter who was bench 219 00:11:41,280 --> 00:11:43,920 Speaker 1: pressing his sub wharfer because he couldn't go to it. Well, 220 00:11:43,960 --> 00:11:46,160 Speaker 1: it was, but in that you know what, I'm living 221 00:11:46,200 --> 00:11:48,760 Speaker 1: at Evan. I think so many people are living at 222 00:11:49,240 --> 00:11:51,240 Speaker 1: somebody I I really don't remember who it was, but 223 00:11:51,360 --> 00:11:54,400 Speaker 1: somebody on my Facebook feed showed a picture of a 224 00:11:54,480 --> 00:11:57,480 Speaker 1: broken resistance band and they called that. You know, they 225 00:11:57,480 --> 00:12:00,480 Speaker 1: tried on Amazon, they tried on the local company, and 226 00:12:00,520 --> 00:12:03,800 Speaker 1: people are out there's back order. So so many people 227 00:12:03,800 --> 00:12:07,200 Speaker 1: are at home having to make do for exercise and 228 00:12:07,240 --> 00:12:10,679 Speaker 1: workouts and the chance to look at your TV and 229 00:12:10,800 --> 00:12:13,800 Speaker 1: open your laptop and be able to send in a 230 00:12:13,840 --> 00:12:17,920 Speaker 1: message to let's say, Patrick Mahomes while you're doing sit 231 00:12:18,000 --> 00:12:20,640 Speaker 1: ups and push ups and have them say this is 232 00:12:20,640 --> 00:12:22,720 Speaker 1: what this is how I eat, this is what i'm 233 00:12:22,760 --> 00:12:24,560 Speaker 1: this is what my diet is during at home. It's 234 00:12:24,559 --> 00:12:27,080 Speaker 1: a little harder. I cheat with a donut. Whatever it is. 235 00:12:27,520 --> 00:12:32,200 Speaker 1: It's an interaction and I think people would absolutely prefer 236 00:12:32,360 --> 00:12:35,680 Speaker 1: to do that and watch that than a replay of 237 00:12:35,679 --> 00:12:39,200 Speaker 1: a game from You know why I like your idea, Scott, 238 00:12:39,400 --> 00:12:43,440 Speaker 1: because it's it's the more things change, the more they 239 00:12:43,480 --> 00:12:46,440 Speaker 1: stay the same, and you've updated. I don't know if 240 00:12:46,440 --> 00:12:49,320 Speaker 1: anybody remembers the old Jack Lolane show, where you know, 241 00:12:50,040 --> 00:12:53,840 Speaker 1: housewives every day would turn on TV and they would 242 00:12:53,880 --> 00:12:57,040 Speaker 1: exercise a half hour or an hour ever with Jack Lelane. 243 00:12:57,679 --> 00:13:01,000 Speaker 1: Now if your ideas do it, I've do it with 244 00:13:01,400 --> 00:13:05,000 Speaker 1: a top notch athlete and and let's see it happen. 245 00:13:05,160 --> 00:13:08,560 Speaker 1: That could ESPN used to have a show glad Bodies 246 00:13:08,600 --> 00:13:11,720 Speaker 1: in Motion, you know, like running on a beach and stuff. 247 00:13:12,080 --> 00:13:15,800 Speaker 1: Fitness has always been a thing, but right now there's 248 00:13:15,800 --> 00:13:19,600 Speaker 1: a sense of community that we're all in isolation. We 249 00:13:19,679 --> 00:13:24,040 Speaker 1: all want a touch point, and there's just an opportunity 250 00:13:24,160 --> 00:13:28,640 Speaker 1: here for the network for the athlete to fill the 251 00:13:28,840 --> 00:13:32,680 Speaker 1: void that has been created by that isolation. Which is 252 00:13:32,720 --> 00:13:36,000 Speaker 1: why I mean, if you're happy about what how many 253 00:13:36,080 --> 00:13:37,720 Speaker 1: how many eyeballs would you have to get for this 254 00:13:37,760 --> 00:13:39,920 Speaker 1: to be considered a success. Yeah, I don't know what 255 00:13:39,960 --> 00:13:41,720 Speaker 1: the number is, but yeah, I think it's a good idea. 256 00:13:41,760 --> 00:13:45,280 Speaker 1: I mean again, I just think anything that has athletes 257 00:13:45,320 --> 00:13:48,120 Speaker 1: doing something that is not you know, normal, but as 258 00:13:48,840 --> 00:13:52,040 Speaker 1: a glimpse into their personalities of their lives, I think 259 00:13:52,120 --> 00:13:55,200 Speaker 1: is the better play right now for media networks personally. 260 00:13:55,320 --> 00:13:58,680 Speaker 1: And we are going to see an athlete who is 261 00:13:58,800 --> 00:14:01,600 Speaker 1: stepping outside of the for zone. Eban, you and I 262 00:14:01,679 --> 00:14:04,520 Speaker 1: discussed it. We like what we're about to see from 263 00:14:04,520 --> 00:14:06,720 Speaker 1: Steph Curry. Yeah, for sure, you know this is a 264 00:14:06,840 --> 00:14:09,080 Speaker 1: This is a good example in my opinion, Steph Curry 265 00:14:09,720 --> 00:14:12,520 Speaker 1: is doing a I believe it's a hosting an online 266 00:14:12,600 --> 00:14:15,720 Speaker 1: conversation right now with with Dr Fauci, who is you know, 267 00:14:15,840 --> 00:14:19,880 Speaker 1: fast becoming the one of the stars or media darlings 268 00:14:19,920 --> 00:14:23,320 Speaker 1: of of of the coronavirus era um. This is a 269 00:14:23,400 --> 00:14:25,360 Speaker 1: time after, you know, a week after he went on 270 00:14:25,480 --> 00:14:29,480 Speaker 1: Barstool's Pardon My Take podcast, which was also you know, 271 00:14:29,520 --> 00:14:32,200 Speaker 1: I thought a smart move both for Barstool and and 272 00:14:32,280 --> 00:14:34,800 Speaker 1: for him. Yes, I think this is the kind of 273 00:14:34,800 --> 00:14:36,880 Speaker 1: stuff that I that I'd like to see more athletes doing. 274 00:14:37,160 --> 00:14:39,160 Speaker 1: And maybe the truth is that we're gonna, like we're 275 00:14:39,160 --> 00:14:41,320 Speaker 1: seeing with Steph, they're gonna do it on their own 276 00:14:41,400 --> 00:14:44,560 Speaker 1: terms that they're not gonna do it on ESPN or 277 00:14:44,560 --> 00:14:46,200 Speaker 1: they're not going to do it on a zoom call 278 00:14:46,320 --> 00:14:50,080 Speaker 1: through the NHL for example, uh, said Sid Crosby is 279 00:14:50,120 --> 00:14:53,160 Speaker 1: doing on Thursday. Uh, maybe they're just gonna do it 280 00:14:53,200 --> 00:14:55,080 Speaker 1: on their own channels, and maybe that's maybe that's better, 281 00:14:55,120 --> 00:14:57,520 Speaker 1: Maybe they can monetize that better. Maybe that's a medium 282 00:14:57,560 --> 00:15:00,200 Speaker 1: they trust a little bit more. But yes, like the 283 00:15:00,240 --> 00:15:01,960 Speaker 1: Steph Curry is doing this, and I'd like to see 284 00:15:02,000 --> 00:15:04,320 Speaker 1: more people doing it on a smaller scale. I was 285 00:15:04,640 --> 00:15:07,560 Speaker 1: scrolling through my Twitter feed and I saw Haley Wickenheiser, 286 00:15:08,200 --> 00:15:10,280 Speaker 1: one of the best female hockey players of all time. 287 00:15:10,800 --> 00:15:13,960 Speaker 1: She put out just a little thing, Hey hockey fans, 288 00:15:13,960 --> 00:15:17,200 Speaker 1: why don't you grab your stick and a ball and 289 00:15:17,400 --> 00:15:21,040 Speaker 1: we'll run through some drills at three pm. Everybody click onto, 290 00:15:21,440 --> 00:15:23,880 Speaker 1: you know whatever its face time, whatever the medium was, 291 00:15:24,200 --> 00:15:26,680 Speaker 1: but we'll run some some drills together. I think there's 292 00:15:26,680 --> 00:15:29,760 Speaker 1: a tremendous opportunity for athletes to do exactly that, and 293 00:15:29,800 --> 00:15:33,000 Speaker 1: it doesn't have to be ESPN. However, if I am 294 00:15:33,080 --> 00:15:36,200 Speaker 1: a pro athlete right now, that is still the dominant platform. 295 00:15:36,240 --> 00:15:40,240 Speaker 1: I think it would behove many athletes, especially reaching the 296 00:15:40,240 --> 00:15:42,800 Speaker 1: target audience they want. You can do it via your 297 00:15:42,840 --> 00:15:45,640 Speaker 1: social and ESPN, or maybe you do the chat portion 298 00:15:46,160 --> 00:15:50,000 Speaker 1: on your channel versus the video on ESPN, a combinant, 299 00:15:50,080 --> 00:15:53,200 Speaker 1: whatever it is. But just find a way to keep 300 00:15:53,240 --> 00:15:57,720 Speaker 1: yourself visible and a touch point for the fans. So 301 00:15:58,320 --> 00:16:01,160 Speaker 1: that that's the that's the idea. We'll see if anybody 302 00:16:01,160 --> 00:16:03,360 Speaker 1: takes us up on it. My fingers are crossed. Man, 303 00:16:03,400 --> 00:16:04,520 Speaker 1: you can make a lot of money out of that. 304 00:16:06,760 --> 00:16:08,440 Speaker 1: Sinking of making money, bar, why don't you tell me 305 00:16:08,480 --> 00:16:12,000 Speaker 1: what's going on at Delaware North. Yeah, this is they're 306 00:16:12,080 --> 00:16:15,720 Speaker 1: laying off workers and there are pay cuts. They're also involved. 307 00:16:16,120 --> 00:16:18,840 Speaker 1: This is the painful part of what happens when there 308 00:16:18,840 --> 00:16:21,320 Speaker 1: are no sports. Yeah, I mean we talked about this 309 00:16:21,360 --> 00:16:23,480 Speaker 1: with Harris Blitzer. They were first to come out and 310 00:16:23,480 --> 00:16:26,160 Speaker 1: say they were gonna cut pay and that really worked 311 00:16:26,160 --> 00:16:29,400 Speaker 1: against them being first because there were such backlash that 312 00:16:29,520 --> 00:16:31,840 Speaker 1: Josh Harris had to change his mind and say it 313 00:16:31,880 --> 00:16:34,680 Speaker 1: was a mistake. Maybe he was just too fast because 314 00:16:34,840 --> 00:16:39,560 Speaker 1: other billionaires and Jeremy Jacobs owns Delaware North, he's doing 315 00:16:39,600 --> 00:16:42,520 Speaker 1: it now. Uh, and you will see more and more 316 00:16:42,880 --> 00:16:45,360 Speaker 1: continue to do it. And Bloomberg had a great story. 317 00:16:45,400 --> 00:16:50,280 Speaker 1: I've been about Tilman for Tita. All of his businesses, 318 00:16:50,760 --> 00:16:55,040 Speaker 1: all of them are bringing in zero right now. He's restaurants, 319 00:16:55,120 --> 00:16:59,080 Speaker 1: he's hotels, and he's sports and entertainment, and he's just 320 00:16:59,160 --> 00:17:03,120 Speaker 1: got no revenue. He said, from a liquidity standpoint, he 321 00:17:03,200 --> 00:17:05,919 Speaker 1: can hold on for a few months. But that's about it. 322 00:17:06,040 --> 00:17:08,240 Speaker 1: I mean, this is a this is a dangerous time 323 00:17:08,800 --> 00:17:11,800 Speaker 1: for folks in these industries who were just bringing in 324 00:17:11,920 --> 00:17:15,000 Speaker 1: no business. Yeah, for sure. And Jeremy Jacobs Delaware North, 325 00:17:15,080 --> 00:17:18,000 Speaker 1: owner of the tedd Garden in Boston and and the 326 00:17:18,119 --> 00:17:22,040 Speaker 1: and the Boston Bruins. Um. Yeah, it's clear that we're 327 00:17:22,040 --> 00:17:24,560 Speaker 1: seeing different owners and and you know, totally depends on 328 00:17:24,600 --> 00:17:28,320 Speaker 1: their other businesses, right. I mean, Tillman for Tita you mentioned, 329 00:17:28,320 --> 00:17:31,240 Speaker 1: has a has a massive business empire, all of which 330 00:17:31,359 --> 00:17:34,320 Speaker 1: is being hit right now significantly. You know, if you 331 00:17:34,320 --> 00:17:37,239 Speaker 1: think about someone like Josh Harris, maybe a little bit 332 00:17:37,280 --> 00:17:39,360 Speaker 1: different in terms of of the money that he's made 333 00:17:39,359 --> 00:17:42,159 Speaker 1: and and how dangerous or how how how you know 334 00:17:42,720 --> 00:17:46,199 Speaker 1: endangered that income is moving forward or even in the 335 00:17:46,240 --> 00:17:48,439 Speaker 1: next couple of months. Um I also think there's kind 336 00:17:48,440 --> 00:17:52,119 Speaker 1: of a distinction to be made between what billionaire owners 337 00:17:52,160 --> 00:17:55,679 Speaker 1: are doing for their you know, hourly workers, you know, 338 00:17:55,720 --> 00:17:57,879 Speaker 1: the people you know who work at an arena on 339 00:17:57,920 --> 00:18:01,320 Speaker 1: a night and versus their stay all read employees. You know, 340 00:18:01,440 --> 00:18:03,159 Speaker 1: so like the person in their marketing department, or the 341 00:18:03,200 --> 00:18:05,679 Speaker 1: person in their in their in their training staff, etcetera. 342 00:18:06,000 --> 00:18:08,879 Speaker 1: UM So, so we're seeing some distinctions there. Tom Dundon, 343 00:18:08,920 --> 00:18:11,879 Speaker 1: the owner of the Carolina Hurricanes, he went out and 344 00:18:11,920 --> 00:18:14,119 Speaker 1: spoke recently said that, you know, if the government doesn't 345 00:18:14,160 --> 00:18:18,400 Speaker 1: backstop uh full pay for full salary unemployment insurance, then 346 00:18:18,400 --> 00:18:21,199 Speaker 1: then then he'll do it for his employees. Doesn't want 347 00:18:21,200 --> 00:18:23,159 Speaker 1: anyone on the street. I think it was the exact quote. 348 00:18:23,320 --> 00:18:25,560 Speaker 1: I think we're seeing, you know, a vast difference. My 349 00:18:25,640 --> 00:18:28,080 Speaker 1: question for you guys is do you think fans are 350 00:18:28,119 --> 00:18:30,480 Speaker 1: taking note of these things? Is there? And I think 351 00:18:30,520 --> 00:18:33,119 Speaker 1: Mark Cuban has talked about this, but is there on 352 00:18:33,160 --> 00:18:35,879 Speaker 1: the back end of this, Is there some kind of 353 00:18:36,000 --> 00:18:39,919 Speaker 1: you know, good good person or good business reward potentially 354 00:18:39,960 --> 00:18:42,040 Speaker 1: coming to the teams that that maybe do the right 355 00:18:42,080 --> 00:18:44,520 Speaker 1: thing or owners that dip into their pockets to do 356 00:18:44,560 --> 00:18:46,880 Speaker 1: the right thing versus the ones that are drawing kind 357 00:18:46,880 --> 00:18:50,720 Speaker 1: of hardline business decisions right now. I would not be 358 00:18:50,880 --> 00:18:55,280 Speaker 1: surprised if there is a mental score book being kept 359 00:18:55,320 --> 00:18:59,359 Speaker 1: by fans, and Cubans said it wasn't talking specifically sports 360 00:18:59,520 --> 00:19:05,520 Speaker 1: team as businesses, but Cubans take was how businesses treat 361 00:19:05,760 --> 00:19:12,119 Speaker 1: their employees throughout this crisis will define them for the 362 00:19:12,160 --> 00:19:14,600 Speaker 1: next whatever, ten, twenty, whatever it is. This is the 363 00:19:14,600 --> 00:19:19,320 Speaker 1: defining moment for how they will be remembered. Another way 364 00:19:19,400 --> 00:19:22,600 Speaker 1: that manifests itself is you know this idea, and we've 365 00:19:22,600 --> 00:19:24,520 Speaker 1: talked about it on the show a lot before, this 366 00:19:24,600 --> 00:19:27,840 Speaker 1: idea that you know, oftentimes the same owners come to 367 00:19:27,880 --> 00:19:31,000 Speaker 1: the public and ask for significant amounts of money when 368 00:19:31,000 --> 00:19:32,840 Speaker 1: they want to renovate their stadium, when they want to 369 00:19:32,840 --> 00:19:35,639 Speaker 1: build a new arena. If I was you know, and 370 00:19:35,880 --> 00:19:38,359 Speaker 1: we'll use Prudential Center as an example, If I was 371 00:19:38,400 --> 00:19:42,480 Speaker 1: a Newark taxpayer who worked at the stadium, and I 372 00:19:42,560 --> 00:19:44,480 Speaker 1: was part of the vote or whatever that that that 373 00:19:44,520 --> 00:19:47,439 Speaker 1: gave three million dollars to building the Prudential Center, albeit 374 00:19:47,480 --> 00:19:49,600 Speaker 1: under an owner that wasn't Josh Harris. You know, I 375 00:19:49,600 --> 00:19:52,000 Speaker 1: would belivid that that the owner of the team, the 376 00:19:52,040 --> 00:19:55,760 Speaker 1: owner of that building is not or didn't want to 377 00:19:56,359 --> 00:19:59,119 Speaker 1: uh cover my salary at a time like this, you know. 378 00:19:59,160 --> 00:20:01,440 Speaker 1: So I think this all so where this may really 379 00:20:01,480 --> 00:20:04,200 Speaker 1: backfire is when if some of these owners then at 380 00:20:04,200 --> 00:20:05,879 Speaker 1: some point have to go back to the public and 381 00:20:05,920 --> 00:20:09,160 Speaker 1: ask for for big, big checks when they want renovations. 382 00:20:09,200 --> 00:20:11,560 Speaker 1: That may be a harder pill to swallow given how 383 00:20:11,640 --> 00:20:16,120 Speaker 1: they act right now. Well, you mentioned about Mr Fatida, 384 00:20:16,240 --> 00:20:19,600 Speaker 1: and you're thinking, I think I said this earlier, uh 385 00:20:19,640 --> 00:20:23,240 Speaker 1: in an earlier podcast. This is a business, and if 386 00:20:23,280 --> 00:20:25,880 Speaker 1: you have no money coming in, what are you going 387 00:20:25,920 --> 00:20:29,639 Speaker 1: to do? I mean, for Mr Fatida, he has Bubba 388 00:20:29,680 --> 00:20:32,640 Speaker 1: Gump Shrimp and all of the restaurants that he has, 389 00:20:32,720 --> 00:20:35,720 Speaker 1: and of course the sports entities that he owns. What 390 00:20:35,880 --> 00:20:38,560 Speaker 1: could possibly go wrong? And all of a sudden this 391 00:20:38,600 --> 00:20:41,639 Speaker 1: month here is wrong? And I mean, what do you 392 00:20:41,680 --> 00:20:43,960 Speaker 1: do if you don't have any money coming in? Okay, 393 00:20:44,040 --> 00:20:47,760 Speaker 1: let's get to this week's interview with DraftKings CEO Jason Robbins. Jason, 394 00:20:47,800 --> 00:20:52,560 Speaker 1: thanks for joining us. Obviously very weird times for everybody involved, 395 00:20:52,640 --> 00:20:54,720 Speaker 1: especially for a company that you know has spent a 396 00:20:54,760 --> 00:20:58,200 Speaker 1: decade doing daily fantasy and sports betting at a time 397 00:20:58,200 --> 00:21:01,760 Speaker 1: when there aren't sports. Happy walk us through your job 398 00:21:01,840 --> 00:21:04,240 Speaker 1: right now. What are you doing to kind of bridge 399 00:21:04,240 --> 00:21:07,440 Speaker 1: the gap between now and when sports come back online? Well, 400 00:21:07,480 --> 00:21:09,680 Speaker 1: you know, there are a few sports here and there 401 00:21:10,320 --> 00:21:12,919 Speaker 1: are believe it or not, number one betting sport for 402 00:21:13,000 --> 00:21:16,840 Speaker 1: last week with table tennis, so people are finding sports 403 00:21:16,840 --> 00:21:21,160 Speaker 1: to play. We also created a number of different pools around, 404 00:21:21,400 --> 00:21:25,280 Speaker 1: you know, different things like the Democratic Debate survivor uh. 405 00:21:25,359 --> 00:21:28,880 Speaker 1: You know, we have a daily dose pool that we do. Uh. 406 00:21:28,920 --> 00:21:32,520 Speaker 1: So we've had over curb your enthusiasm. We had a 407 00:21:32,520 --> 00:21:35,560 Speaker 1: pool for exactly so we've had over two hundred seventy 408 00:21:35,600 --> 00:21:39,200 Speaker 1: thousand entries and those and over seventy thousand prizes that 409 00:21:39,240 --> 00:21:41,280 Speaker 1: we're gonna keep plamping those up. We've done over twenty 410 00:21:41,280 --> 00:21:42,800 Speaker 1: of them so far in the last week and a 411 00:21:42,800 --> 00:21:45,280 Speaker 1: half or so, and do more coming in the next 412 00:21:45,320 --> 00:21:48,440 Speaker 1: few days. And then you know, we're still eye gaming, 413 00:21:49,040 --> 00:21:51,680 Speaker 1: so there's still plenty of people playing that. And then Lastly, 414 00:21:51,720 --> 00:21:55,000 Speaker 1: we're doing this thing called the d K Rally where 415 00:21:55,080 --> 00:21:58,560 Speaker 1: in partnership with United Way, uh, we're gonna donate up 416 00:21:58,600 --> 00:22:02,560 Speaker 1: to a million dollars or relief efforts. Um. You know, basically, 417 00:22:02,680 --> 00:22:05,359 Speaker 1: people are are being asked to send in a picture 418 00:22:05,400 --> 00:22:08,399 Speaker 1: of them with their rally cap, and for every picture 419 00:22:08,440 --> 00:22:10,080 Speaker 1: we get with somebody in a rally cap, we're going 420 00:22:10,119 --> 00:22:12,840 Speaker 1: to donate a dollar up to a million dollars United Ways. 421 00:22:12,840 --> 00:22:16,080 Speaker 1: So hopefully people get their rally caps sitting and connu 422 00:22:16,240 --> 00:22:18,520 Speaker 1: sport a big cost. I would think that one of 423 00:22:18,560 --> 00:22:21,920 Speaker 1: the biggest metrics for you kind of thinking about this 424 00:22:22,320 --> 00:22:24,840 Speaker 1: kind of rough period that we're in right now is 425 00:22:25,680 --> 00:22:28,800 Speaker 1: cash withdrawals that people who leave their their money in 426 00:22:28,840 --> 00:22:31,760 Speaker 1: their account maybe you know, more willing to be using 427 00:22:31,800 --> 00:22:34,120 Speaker 1: it and get back to betting at a time when 428 00:22:34,160 --> 00:22:36,359 Speaker 1: when there's more to offer, or maybe play some of 429 00:22:36,359 --> 00:22:38,480 Speaker 1: the games you just mentioned. Can you tell us how 430 00:22:38,560 --> 00:22:40,840 Speaker 1: much how much you've seen from a withdrawal standpoint or 431 00:22:40,840 --> 00:22:43,119 Speaker 1: are people just leaving their money in their accounts or 432 00:22:43,119 --> 00:22:45,959 Speaker 1: are they taking money out? And people are mostly you know, 433 00:22:46,040 --> 00:22:49,960 Speaker 1: leaving their money there. We also people you know naturally 434 00:22:50,040 --> 00:22:54,239 Speaker 1: kind of withdraw after sports seasons and um so a 435 00:22:54,240 --> 00:22:56,480 Speaker 1: lot of them have just kind of left their money 436 00:22:56,480 --> 00:22:58,240 Speaker 1: in there for years, and so this is sort of 437 00:22:58,520 --> 00:23:00,399 Speaker 1: different for them. They wait for NFL all to come 438 00:23:00,440 --> 00:23:03,680 Speaker 1: back or anything like that. But uh, you know, certainly 439 00:23:04,040 --> 00:23:06,159 Speaker 1: something that we're keeping an eye on. You're absolutely right, 440 00:23:06,200 --> 00:23:09,600 Speaker 1: that's the key metric for us to watch. But so far, 441 00:23:09,840 --> 00:23:12,879 Speaker 1: you know, we haven't seen anything too concerning. Man. I 442 00:23:12,920 --> 00:23:15,480 Speaker 1: think really for us to focus is on ensuring that 443 00:23:15,560 --> 00:23:18,920 Speaker 1: we're engaging our customers and uh, you know, I think 444 00:23:18,960 --> 00:23:21,840 Speaker 1: people appreciate they were coming up with cool new ideas 445 00:23:21,880 --> 00:23:25,040 Speaker 1: for pools and games and keeping them occupied during a 446 00:23:25,119 --> 00:23:28,760 Speaker 1: time when a lot of people are probably home and restless. Jason, 447 00:23:28,800 --> 00:23:31,119 Speaker 1: let me go back to the ping pong one. Where 448 00:23:31,160 --> 00:23:35,880 Speaker 1: are those matches taking place too? What percentage of all 449 00:23:35,920 --> 00:23:38,040 Speaker 1: the bets that you're taking in our our ping pong? 450 00:23:38,560 --> 00:23:40,199 Speaker 1: And by the way, are there people who really know 451 00:23:40,359 --> 00:23:42,679 Speaker 1: ping pong and our betting because they know or is 452 00:23:42,720 --> 00:23:45,159 Speaker 1: this just we need something to be entertained on. You know, 453 00:23:45,200 --> 00:23:48,480 Speaker 1: it's probably a little bit of both. I can't say 454 00:23:48,520 --> 00:23:51,639 Speaker 1: that I've done a tremendous amount of research on between 455 00:23:51,720 --> 00:23:54,119 Speaker 1: pongs better and what the most positions are. Yeah, but 456 00:23:54,880 --> 00:23:58,000 Speaker 1: at some point, will you know, do some customer panels 457 00:23:58,040 --> 00:24:00,919 Speaker 1: and get some insight into that. Uh, but you know, 458 00:24:00,920 --> 00:24:04,119 Speaker 1: it's been pretty substantial. It's been almost six over the 459 00:24:04,200 --> 00:24:06,320 Speaker 1: last week, it's been that's on ping pong. And the 460 00:24:06,600 --> 00:24:08,280 Speaker 1: cool part that too, is most of them are in 461 00:24:08,359 --> 00:24:10,760 Speaker 1: game betting. People are betting during the ping pong matches, 462 00:24:10,880 --> 00:24:13,680 Speaker 1: So a lot of in game engagement with ping pong 463 00:24:13,880 --> 00:24:16,400 Speaker 1: similar tennis, where you can, you know, bet on every 464 00:24:16,400 --> 00:24:19,000 Speaker 1: point in a lot of matches. So it's got a 465 00:24:19,040 --> 00:24:21,639 Speaker 1: good set up for in game betting and uh, you know, 466 00:24:21,960 --> 00:24:25,640 Speaker 1: the way people find more things to do. But if not, 467 00:24:25,800 --> 00:24:29,600 Speaker 1: and then there's always ping pong betting. It's hard to 468 00:24:29,600 --> 00:24:33,040 Speaker 1: do research on that because there's nothing out there is 469 00:24:33,080 --> 00:24:36,879 Speaker 1: like who's this guy or who's this woman? Uh? Is 470 00:24:36,920 --> 00:24:39,560 Speaker 1: that kind of a problem. I mean, are people just 471 00:24:39,600 --> 00:24:42,960 Speaker 1: simply betting because hey, I like this guy. Yeah, it's 472 00:24:42,960 --> 00:24:45,560 Speaker 1: hard to know, but I bet there's more research out 473 00:24:45,560 --> 00:24:48,040 Speaker 1: there than you think. The Internet is a big place, 474 00:24:48,160 --> 00:24:50,880 Speaker 1: and I can't stay for sure because I haven't done 475 00:24:50,920 --> 00:24:53,840 Speaker 1: this myself, but I would. Uh. I was that that 476 00:24:54,000 --> 00:24:56,800 Speaker 1: if you googled, you could find more information than you 477 00:24:56,840 --> 00:25:00,000 Speaker 1: think on this subject. That's just the gas. I'm not sure. 478 00:25:00,680 --> 00:25:03,800 Speaker 1: Jason is someone who covered the Olympics in Beijing. I 479 00:25:03,840 --> 00:25:06,840 Speaker 1: can tell you that the table tennis venue was one 480 00:25:06,880 --> 00:25:10,960 Speaker 1: of the most crowded and exciting places of the entire games. 481 00:25:11,119 --> 00:25:13,199 Speaker 1: Ping sounds fun to watch. I think it's one of 482 00:25:13,200 --> 00:25:16,000 Speaker 1: those sports that like because there's so much else going on. 483 00:25:16,119 --> 00:25:19,880 Speaker 1: Usually people don't pay as much attention to and now 484 00:25:19,920 --> 00:25:22,000 Speaker 1: and there's less they're like, you know, this is kind 485 00:25:22,000 --> 00:25:24,480 Speaker 1: of fun. I like this. And my hope is you 486 00:25:24,520 --> 00:25:27,000 Speaker 1: see some of those things stick. You know, there's people 487 00:25:27,080 --> 00:25:31,480 Speaker 1: that are coming in engaging with new sports and new products. Uh, 488 00:25:31,520 --> 00:25:34,440 Speaker 1: you know that weren't before with us. There's another area 489 00:25:34,440 --> 00:25:37,240 Speaker 1: that we've see huge increases E sports or having massive 490 00:25:37,280 --> 00:25:38,720 Speaker 1: e sports pools. I think we have like a three 491 00:25:39,400 --> 00:25:41,720 Speaker 1: dollar sports pool out there right now for today, I 492 00:25:41,720 --> 00:25:44,359 Speaker 1: want to say, or something like that. I mean, there's 493 00:25:44,359 --> 00:25:48,000 Speaker 1: been huge increases in the sports fantasy. So, you know, 494 00:25:48,080 --> 00:25:50,280 Speaker 1: that's another one where I'm hoping that because it's fun 495 00:25:50,359 --> 00:25:52,560 Speaker 1: once you play it, it's fun and people, you know, 496 00:25:52,600 --> 00:25:54,680 Speaker 1: I think, just hadn't tried it before. There's so much 497 00:25:54,680 --> 00:25:57,320 Speaker 1: else going on, and my you know, my hope is 498 00:25:57,359 --> 00:25:59,480 Speaker 1: that a silver lining here is that people are getting 499 00:25:59,480 --> 00:26:02,080 Speaker 1: a chance to try new things that maybe they hadn't before, 500 00:26:02,119 --> 00:26:04,639 Speaker 1: and some of them will like them and continue to 501 00:26:04,680 --> 00:26:08,879 Speaker 1: play those games once you know, other sports compact, Jason, 502 00:26:08,880 --> 00:26:11,479 Speaker 1: I've talked to some of other people in the in 503 00:26:11,520 --> 00:26:14,440 Speaker 1: the in the gambling world. Everybody seems to be saying 504 00:26:14,480 --> 00:26:18,000 Speaker 1: that your entire industry, the sports betting industry in the US, 505 00:26:18,119 --> 00:26:20,240 Speaker 1: has for so long just kind of put its head 506 00:26:20,280 --> 00:26:23,720 Speaker 1: down and rushed really quickly into new markets, trying to 507 00:26:23,720 --> 00:26:26,800 Speaker 1: find access agreements, trying to launch new products, etcetera. That 508 00:26:26,880 --> 00:26:29,800 Speaker 1: this is actually giving in some ways a chance to 509 00:26:29,840 --> 00:26:32,000 Speaker 1: sit back, to kind of take stake of where you are, 510 00:26:32,119 --> 00:26:35,159 Speaker 1: to to think about more creativity in product that you 511 00:26:35,240 --> 00:26:37,240 Speaker 1: might not have. Are you feeling that there is actually 512 00:26:37,280 --> 00:26:39,560 Speaker 1: a sense to sit back and breathe that you may 513 00:26:39,560 --> 00:26:41,720 Speaker 1: not have had for the last eighteen months as U 514 00:26:41,760 --> 00:26:44,440 Speaker 1: s States have come online? You know, it's an interesting point. 515 00:26:44,520 --> 00:26:47,120 Speaker 1: I would say that to some degree that that's even 516 00:26:47,200 --> 00:26:50,080 Speaker 1: more true of draftings. We've just had so much like 517 00:26:51,000 --> 00:26:53,840 Speaker 1: if you look at our brief history, we've been around, 518 00:26:53,840 --> 00:26:56,840 Speaker 1: you know, only eight years or so, but we've done 519 00:26:56,920 --> 00:27:01,760 Speaker 1: dealt with everything from fears, competitive battles, you government regulation 520 00:27:02,080 --> 00:27:06,399 Speaker 1: to you know, attempted mergers with our chief rival. So 521 00:27:06,600 --> 00:27:08,800 Speaker 1: it's been you know a lot of sort of one 522 00:27:08,840 --> 00:27:11,359 Speaker 1: big thing to the next, and yeah, you know, it's 523 00:27:11,400 --> 00:27:13,960 Speaker 1: an interesting point there. There is probably a little bit 524 00:27:14,000 --> 00:27:17,000 Speaker 1: more downtime now for everyone across all you know, businesses 525 00:27:17,040 --> 00:27:19,520 Speaker 1: and also you know, maybe all facets of light to 526 00:27:19,600 --> 00:27:22,639 Speaker 1: take a step back and you know, maybe reflect on 527 00:27:22,720 --> 00:27:24,920 Speaker 1: some things, and those are like when you get to 528 00:27:25,119 --> 00:27:27,840 Speaker 1: moments like these. I know this was a precedented in 529 00:27:27,960 --> 00:27:30,919 Speaker 1: the exact nature of it, but these sort of you know, 530 00:27:31,200 --> 00:27:34,119 Speaker 1: moments in life and in the world where things happen 531 00:27:34,200 --> 00:27:37,680 Speaker 1: that you know, affect everybody so significantly, I think, as 532 00:27:38,080 --> 00:27:42,320 Speaker 1: almost always in those situations, Um, there's something positive that 533 00:27:42,359 --> 00:27:44,160 Speaker 1: can come from it if you do take the time 534 00:27:44,160 --> 00:27:47,240 Speaker 1: to step back and look at where you've been doing things, 535 00:27:47,280 --> 00:27:49,480 Speaker 1: look at your business, look at your life, and you 536 00:27:49,520 --> 00:27:51,480 Speaker 1: know a lot of times those are the moments when 537 00:27:51,680 --> 00:27:54,760 Speaker 1: you have the biggest insights and revelation. Jason speaking of 538 00:27:54,840 --> 00:27:59,600 Speaker 1: slowing down a little bit because of the suspension of games, 539 00:27:59,640 --> 00:28:03,119 Speaker 1: we saw Harris Slitzer asked people to take pay cuts. 540 00:28:03,119 --> 00:28:06,280 Speaker 1: We see the Montreal Canadians laying off six of the workforce, 541 00:28:06,320 --> 00:28:09,120 Speaker 1: the NHL asking people to take cuts. Have you asked 542 00:28:09,119 --> 00:28:11,280 Speaker 1: your employees to take any cuts? Have there been any 543 00:28:11,280 --> 00:28:15,199 Speaker 1: furloughs or will there be any layoffs? No? You know, 544 00:28:15,320 --> 00:28:18,680 Speaker 1: for us different because we don't have a stadium full 545 00:28:19,080 --> 00:28:21,720 Speaker 1: you know, people to go to work and operate it, 546 00:28:21,760 --> 00:28:24,359 Speaker 1: and we don't have physical location really, I mean, we 547 00:28:24,400 --> 00:28:27,560 Speaker 1: do have some, but it's very limited part of our business. 548 00:28:27,640 --> 00:28:30,359 Speaker 1: So you know, most of our employees are always working 549 00:28:30,400 --> 00:28:32,280 Speaker 1: on things that are a couple of months down the 550 00:28:32,359 --> 00:28:35,400 Speaker 1: road anyway. Uh, So, you know, not a whole lot 551 00:28:35,440 --> 00:28:38,000 Speaker 1: of change, and really like they need to have people 552 00:28:38,040 --> 00:28:41,120 Speaker 1: work on things. Doesn't change now. You know, we're also 553 00:28:41,160 --> 00:28:43,640 Speaker 1: in the fortunate position of being very healthy from the 554 00:28:43,680 --> 00:28:46,960 Speaker 1: balance sheet perspective, and uh, you know, are still on 555 00:28:47,040 --> 00:28:50,560 Speaker 1: track to close our public financing deal in uh, you know, 556 00:28:50,600 --> 00:28:54,120 Speaker 1: the coming weeks. So I think that, you know, we're 557 00:28:54,120 --> 00:28:58,640 Speaker 1: in a particularly fortunate position relative to maybe some other companies, 558 00:28:58,640 --> 00:29:01,320 Speaker 1: and uh, you know, some of that was with luck. 559 00:29:01,840 --> 00:29:03,719 Speaker 1: Some of that, you know is I think just us 560 00:29:03,720 --> 00:29:06,640 Speaker 1: always sort of making sure that we've think conservative around debt, 561 00:29:07,520 --> 00:29:09,680 Speaker 1: making sure we've shored up the balance sheet whenever we 562 00:29:09,720 --> 00:29:13,320 Speaker 1: have an opportunity to. So you know, I think we're 563 00:29:13,360 --> 00:29:15,080 Speaker 1: you know, we're not in a position where we need 564 00:29:15,120 --> 00:29:17,320 Speaker 1: to start thinking. You're talking about those things, but I 565 00:29:17,360 --> 00:29:21,200 Speaker 1: do understand why some other businesses aren't. You know, hopefully everybody. 566 00:29:21,240 --> 00:29:23,320 Speaker 1: It's going to be a painful for everybody, and hopefully 567 00:29:23,320 --> 00:29:26,160 Speaker 1: we'll get through it together. Jason, you mentioned that public 568 00:29:26,160 --> 00:29:29,680 Speaker 1: financing deal Diamond Eagle Acquisition company, the company that is, 569 00:29:29,840 --> 00:29:33,040 Speaker 1: you know, acquiring you guys through reverse merger that may 570 00:29:33,080 --> 00:29:35,160 Speaker 1: happen in April. You know, by the end of April. 571 00:29:35,240 --> 00:29:37,680 Speaker 1: Seems pretty likely that the DraftKings could be a publicly 572 00:29:37,680 --> 00:29:40,480 Speaker 1: traded company at a time when the markets are not, 573 00:29:40,800 --> 00:29:43,520 Speaker 1: you know, excelling. What do you think about that? The 574 00:29:43,600 --> 00:29:46,640 Speaker 1: timing there doesn't have any effect going public kind of 575 00:29:46,680 --> 00:29:49,400 Speaker 1: in this market versus you know, maybe a market that 576 00:29:49,560 --> 00:29:51,720 Speaker 1: was that was going a little higher. I think the 577 00:29:51,800 --> 00:29:54,960 Speaker 1: market conditions can certainly be a distraction for a new 578 00:29:55,000 --> 00:29:57,880 Speaker 1: public company. But we're pretty used to dealing with distractions. 579 00:29:57,920 --> 00:29:59,800 Speaker 1: We've had a lot of you know, press and other 580 00:29:59,840 --> 00:30:02,400 Speaker 1: thing over the years, and I think as a company 581 00:30:02,440 --> 00:30:04,200 Speaker 1: we've been pretty good at keeping our eye on the 582 00:30:04,240 --> 00:30:07,440 Speaker 1: ball and focusing on a long term um. You know, 583 00:30:07,600 --> 00:30:10,840 Speaker 1: I think that really unless you actually are trying to 584 00:30:10,920 --> 00:30:13,800 Speaker 1: raise capital. It almost doesn't matter what the markets like 585 00:30:13,960 --> 00:30:16,400 Speaker 1: and the deals. You know, the way this deal is structured, 586 00:30:16,440 --> 00:30:19,280 Speaker 1: with the pipe and the stack proceeds already being in trust. 587 00:30:19,840 --> 00:30:23,120 Speaker 1: That part of the process is done already. So you know, 588 00:30:23,160 --> 00:30:24,880 Speaker 1: I think it's a bit different from us. I think 589 00:30:24,880 --> 00:30:27,040 Speaker 1: if we were looking out to go, you know, raise 590 00:30:27,080 --> 00:30:29,600 Speaker 1: more capital as part of this process, we might reconsider 591 00:30:29,640 --> 00:30:32,240 Speaker 1: the timing. But given this is just closing a transaction 592 00:30:32,360 --> 00:30:35,440 Speaker 1: that's already kind of had the key pieces lined up already, Um, 593 00:30:35,560 --> 00:30:38,680 Speaker 1: we thought it makes sense to proceed. Is there any 594 00:30:38,760 --> 00:30:41,480 Speaker 1: change in the valuation? Three point three billion was the 595 00:30:41,520 --> 00:30:44,720 Speaker 1: number that I mean, it's the public stock to the 596 00:30:44,800 --> 00:30:47,120 Speaker 1: change invaluation is just wherever it's trading, the stock has 597 00:30:47,160 --> 00:30:50,480 Speaker 1: certainly gone down. So if that's trusting the next the 598 00:30:50,560 --> 00:30:53,720 Speaker 1: stock has gone down, but hopefully we'll go back up again. 599 00:30:53,760 --> 00:30:56,280 Speaker 1: And you know, I think because the deal was struck, 600 00:30:56,360 --> 00:31:00,720 Speaker 1: actually you know, the deal itself done, it an even 601 00:31:00,760 --> 00:31:04,360 Speaker 1: lower evaluation, and uh that stock is trading at now, 602 00:31:04,480 --> 00:31:08,240 Speaker 1: it's done usually right around ten bucks, so uh, you know, 603 00:31:08,600 --> 00:31:11,560 Speaker 1: it's uh anything I think, you know, people are getting 604 00:31:11,560 --> 00:31:14,520 Speaker 1: a little better deal on that, but you know, nothing 605 00:31:14,560 --> 00:31:16,920 Speaker 1: they think on our end really has changed because so 606 00:31:17,000 --> 00:31:19,240 Speaker 1: much of this is already put in place and committed 607 00:31:19,240 --> 00:31:22,080 Speaker 1: to ahead of time, and this is just closing a transaction. 608 00:31:22,120 --> 00:31:25,680 Speaker 1: It's kind of already been baked already. You mentioned E 609 00:31:25,920 --> 00:31:29,320 Speaker 1: sports and one thing that's taking place now NASCAR, they're 610 00:31:29,400 --> 00:31:33,000 Speaker 1: running virtual races. Have you gotten any action on that? 611 00:31:33,120 --> 00:31:35,800 Speaker 1: For betting? We started to look at that. Um, I 612 00:31:35,840 --> 00:31:38,680 Speaker 1: don't know, Jamie, have we done that yet. I'm not 613 00:31:38,720 --> 00:31:40,480 Speaker 1: sure if we've done any of those yet. I know 614 00:31:40,560 --> 00:31:43,080 Speaker 1: we started to look at it, so it's probably something 615 00:31:43,120 --> 00:31:47,400 Speaker 1: that you know, people for whatever reason, either either we're 616 00:31:47,400 --> 00:31:49,560 Speaker 1: doing it or we're going too soon. I hope, but 617 00:31:49,840 --> 00:31:51,640 Speaker 1: I'm not sure. I have to check in on that 618 00:31:51,800 --> 00:31:54,080 Speaker 1: because I know we've been looking at it, but I'm 619 00:31:54,120 --> 00:31:57,000 Speaker 1: not I don't think we have anything live there yet, Jason. 620 00:31:57,040 --> 00:31:59,280 Speaker 1: One thing I know media executives are worried about, I'm 621 00:31:59,280 --> 00:32:03,600 Speaker 1: talking networks OAKS is sort of this changed behavior. There's 622 00:32:03,640 --> 00:32:06,920 Speaker 1: a little trepidation out there that if you go so 623 00:32:07,040 --> 00:32:10,160 Speaker 1: long without sports and people will get used to it 624 00:32:10,200 --> 00:32:14,120 Speaker 1: and they get different routines, that is their long term 625 00:32:14,360 --> 00:32:18,880 Speaker 1: change in behavior. I'm going to guess that you don't 626 00:32:18,880 --> 00:32:21,200 Speaker 1: have that problem, or you don't even have that concern. 627 00:32:21,400 --> 00:32:25,320 Speaker 1: When games come back, those who like to bet will 628 00:32:25,360 --> 00:32:29,360 Speaker 1: still bet. Am I right, Obviously this is an unprecedented moment. 629 00:32:29,480 --> 00:32:32,240 Speaker 1: No one really knows. But what I will say, even 630 00:32:32,280 --> 00:32:35,880 Speaker 1: beyond betting, sports has been a constant throughout the history 631 00:32:35,960 --> 00:32:40,120 Speaker 1: of human you know, existence, and that hasn't gone anywhere. 632 00:32:40,160 --> 00:32:42,760 Speaker 1: For a reason. It's because people like sports and that's 633 00:32:42,800 --> 00:32:45,240 Speaker 1: just part of who we are as you know, a species, 634 00:32:45,360 --> 00:32:47,880 Speaker 1: and I don't see that changing. The other thing I 635 00:32:47,880 --> 00:32:51,040 Speaker 1: would say is that sports already have these natural starts 636 00:32:51,040 --> 00:32:55,080 Speaker 1: and stops that activate and deactivate people. So you know, 637 00:32:55,120 --> 00:32:59,160 Speaker 1: it's hard to imagine, for example, in the NFL season resumed, Uh, 638 00:32:59,200 --> 00:33:01,080 Speaker 1: you know what, we may be lose some fans that 639 00:33:01,720 --> 00:33:03,720 Speaker 1: you know, we're into some of the other sports leagues 640 00:33:03,760 --> 00:33:06,920 Speaker 1: that's suspended that don't come back till next season temporarily. 641 00:33:07,080 --> 00:33:10,240 Speaker 1: Maybe even then, I think you could arcade it. You know, 642 00:33:10,280 --> 00:33:12,760 Speaker 1: people are gonna be pretty excited that sports are back, 643 00:33:12,800 --> 00:33:16,040 Speaker 1: and they'll be a you know, some reactivation of interests 644 00:33:16,120 --> 00:33:18,960 Speaker 1: or start renewal of interests. Um. But you know, I 645 00:33:18,960 --> 00:33:21,760 Speaker 1: think because sports already have these natural starts and stops 646 00:33:21,760 --> 00:33:24,520 Speaker 1: in this season. I just I don't personally buy into 647 00:33:24,560 --> 00:33:26,760 Speaker 1: that theory at all. Well, let me tell you. If 648 00:33:26,760 --> 00:33:29,440 Speaker 1: there's a bright side in the Sasnik household, it's that 649 00:33:29,560 --> 00:33:31,920 Speaker 1: my ten year old has now found the game show 650 00:33:32,000 --> 00:33:36,160 Speaker 1: network and who knows a Nelson Riley is there? You 651 00:33:36,200 --> 00:33:39,520 Speaker 1: go there? You guess either way that this is accepting 652 00:33:39,720 --> 00:33:42,480 Speaker 1: us that you know we No, I'll never knew we 653 00:33:42,520 --> 00:33:45,320 Speaker 1: all who would have thought that that? You know, the 654 00:33:45,400 --> 00:33:49,560 Speaker 1: viruses lead to your children becoming educated about old game 655 00:33:49,600 --> 00:33:52,320 Speaker 1: show hosts. Jason, So when you think about, you know, 656 00:33:52,360 --> 00:33:54,880 Speaker 1: as you're talking about this time when sports come back, 657 00:33:55,440 --> 00:33:57,080 Speaker 1: how much of what you're doing right now do you 658 00:33:57,120 --> 00:33:59,920 Speaker 1: think sticks around? Do you think we still have you know, 659 00:34:00,200 --> 00:34:06,040 Speaker 1: free to play tournaments around entertainment TV, the Bachelor, Survivor Chopped? 660 00:34:06,320 --> 00:34:08,640 Speaker 1: Do you think these things stick when when you guys 661 00:34:08,680 --> 00:34:12,000 Speaker 1: come back online fully with with more sports or these 662 00:34:12,080 --> 00:34:17,200 Speaker 1: kind of stop gap measures. Uh, you know, it's hard 663 00:34:17,280 --> 00:34:19,799 Speaker 1: to know, but we're a very data driven company. So 664 00:34:19,840 --> 00:34:22,120 Speaker 1: we'll we'll go with whatever the data say that people 665 00:34:22,160 --> 00:34:24,400 Speaker 1: are engaging with them and they continue to do so 666 00:34:24,520 --> 00:34:27,759 Speaker 1: that we'll keep doing that those interest size out, the 667 00:34:27,920 --> 00:34:32,080 Speaker 1: traditional sports come back, and we'll face them down, but uh, 668 00:34:32,200 --> 00:34:34,800 Speaker 1: you know, I would imagine some form will main around. 669 00:34:35,040 --> 00:34:38,560 Speaker 1: People seem to be enjoying them, and these are all 670 00:34:38,719 --> 00:34:40,759 Speaker 1: for the for the entertainment stuff. These are all kind 671 00:34:40,760 --> 00:34:43,640 Speaker 1: of free to play tournaments because I don't believe that regulators, 672 00:34:43,880 --> 00:34:46,120 Speaker 1: you know, at least not yet let you, you know, 673 00:34:46,400 --> 00:34:49,840 Speaker 1: book odds on these things. Are you guys working with regulators. 674 00:34:49,840 --> 00:34:52,319 Speaker 1: Are there things that you're asking them to look at 675 00:34:52,360 --> 00:34:55,160 Speaker 1: again to see if you can play take wagers on 676 00:34:55,840 --> 00:35:00,640 Speaker 1: or is that difficult? I think now. I mean we're 677 00:35:00,680 --> 00:35:04,560 Speaker 1: always talking regardless of anything you know, recently, We're always 678 00:35:04,560 --> 00:35:06,440 Speaker 1: trying to figure out if there's a new things that 679 00:35:06,520 --> 00:35:08,880 Speaker 1: we can introduce and looking at the regulators. It's not 680 00:35:08,960 --> 00:35:11,360 Speaker 1: the fastest process in the world, as you can imagine, 681 00:35:11,400 --> 00:35:15,479 Speaker 1: but uh, you know, certainly there's been some some discussions there. 682 00:35:16,000 --> 00:35:18,960 Speaker 1: That's Jason Robin's CEO of DraftKings. Jason, thanks so much 683 00:35:18,960 --> 00:35:22,359 Speaker 1: for joining us. Thanks for having me. It makes me 684 00:35:22,400 --> 00:35:25,719 Speaker 1: wonder and I think about what Jason Robbins is going 685 00:35:25,760 --> 00:35:31,480 Speaker 1: through and what other online sports betting is going through, 686 00:35:32,200 --> 00:35:36,840 Speaker 1: and I wonder if if they had the opportunity to 687 00:35:37,000 --> 00:35:41,440 Speaker 1: have an online casino also along with their sports betting 688 00:35:41,719 --> 00:35:44,239 Speaker 1: with that helped them down the road at least with 689 00:35:44,320 --> 00:35:48,640 Speaker 1: their revenue problem right now. Yes, for sure. And and 690 00:35:49,160 --> 00:35:52,600 Speaker 1: you heard him mention, you know, DraftKings does do eye gaming, 691 00:35:53,040 --> 00:35:55,080 Speaker 1: you know, so that's blackjack and roulette and maybe one 692 00:35:55,160 --> 00:35:57,279 Speaker 1: or two other things in New Jersey. And that's been 693 00:35:57,440 --> 00:35:59,960 Speaker 1: been a big boon, Scott, I was, you know, I'd 694 00:36:00,040 --> 00:36:01,800 Speaker 1: like to hear them break down. And I've heard this 695 00:36:01,840 --> 00:36:04,480 Speaker 1: from a few other operators as well. The playbook right 696 00:36:04,520 --> 00:36:07,919 Speaker 1: now if you're a sports betting operator is kind of threefold. One, 697 00:36:08,040 --> 00:36:11,040 Speaker 1: you find whatever sports you can find that are still happening, hello, 698 00:36:11,160 --> 00:36:15,240 Speaker 1: ping pong. Two, you maybe think about some some creative 699 00:36:15,280 --> 00:36:18,680 Speaker 1: games around entertainment, you know, like curb your enthusiasm to 700 00:36:18,760 --> 00:36:21,880 Speaker 1: maybe keep people engaged. And three you kind of dedicate 701 00:36:21,960 --> 00:36:24,600 Speaker 1: people to thinking a little bit more creatively. As we 702 00:36:24,760 --> 00:36:28,839 Speaker 1: just heard about what happens when games come back and 703 00:36:28,840 --> 00:36:30,920 Speaker 1: and the new things that you can maybe programmed. So 704 00:36:30,920 --> 00:36:33,319 Speaker 1: so that three pronged approach, Draft Kings is certainly taking it, 705 00:36:33,560 --> 00:36:35,560 Speaker 1: and I'm intrigued to see how how it comes out 706 00:36:35,600 --> 00:36:37,960 Speaker 1: on the back end. Yeah, I was intrigued by the 707 00:36:37,960 --> 00:36:43,239 Speaker 1: conversation surrounding behavioral change. I know the sports leagues. I 708 00:36:43,280 --> 00:36:46,440 Speaker 1: don't think concern might be too strong a word, but 709 00:36:46,600 --> 00:36:52,080 Speaker 1: they're curious to see if the consumer behavior changes. You 710 00:36:52,120 --> 00:36:54,720 Speaker 1: take something away this long, people get used to something else. 711 00:36:54,800 --> 00:36:57,400 Speaker 1: You know, how much will they miss? Will they rush 712 00:36:57,520 --> 00:37:01,680 Speaker 1: back to the stadiums, will they rush back to the TVs? 713 00:37:01,880 --> 00:37:04,160 Speaker 1: I'm not sure, but I got the sense from Jason 714 00:37:04,200 --> 00:37:06,400 Speaker 1: that he's not too concerned that people who want to 715 00:37:06,440 --> 00:37:09,720 Speaker 1: gamble are gonna come back in gamble. So it seems 716 00:37:09,719 --> 00:37:13,000 Speaker 1: as if that itch needs to be scratched, and he's 717 00:37:13,040 --> 00:37:16,520 Speaker 1: pretty confident that when games do return, all of his 718 00:37:16,600 --> 00:37:22,440 Speaker 1: customers will be on his platform, betting along right with them. 719 00:37:20,560 --> 00:37:24,560 Speaker 1: Don't feels better to be number one than number five? 720 00:37:24,600 --> 00:37:26,200 Speaker 1: I'll wear a number because of Mike. We have a 721 00:37:26,280 --> 00:37:28,120 Speaker 1: chance to go for three in a row. Kid numbers 722 00:37:28,120 --> 00:37:30,240 Speaker 1: of a a good time, and let's first started wearing the number. 723 00:37:30,360 --> 00:37:33,879 Speaker 1: I would just have the Bloomberg business of sports. The 724 00:37:34,000 --> 00:37:36,400 Speaker 1: number of the week. Time now for the number of 725 00:37:36,440 --> 00:37:40,040 Speaker 1: the week, and for those playing at home, you can 726 00:37:40,080 --> 00:37:41,960 Speaker 1: just follow along here to see if you can get 727 00:37:42,000 --> 00:37:46,880 Speaker 1: this right. Here is the number or what I'm thinking about. 728 00:37:46,920 --> 00:37:50,799 Speaker 1: The US Olympic and Para Olympic Committee told Congress that 729 00:37:50,880 --> 00:37:55,600 Speaker 1: America's amateur sports organizations stand to lose this much from 730 00:37:55,640 --> 00:38:00,279 Speaker 1: the Conrona virus driven cancelations. Gentlemen, see if you can 731 00:38:00,280 --> 00:38:02,239 Speaker 1: guess what this is? How bad? Am I bar? I 732 00:38:02,280 --> 00:38:06,160 Speaker 1: actually read this story this this morning. I caught the 733 00:38:06,160 --> 00:38:08,880 Speaker 1: headline that it was in an email to Congress. But 734 00:38:09,000 --> 00:38:15,239 Speaker 1: I really don't remember the number. Twenty billion. I'm trying. 735 00:38:15,280 --> 00:38:17,279 Speaker 1: I really don't remember the number. Give us the thing 736 00:38:17,280 --> 00:38:20,640 Speaker 1: one more time. The US Olympic and Paralympic Committee told 737 00:38:20,640 --> 00:38:24,680 Speaker 1: Congress that America's amateur sports organizations stand to lose this 738 00:38:24,920 --> 00:38:29,480 Speaker 1: much from the coronavirus driven cancelations, including the postponement of 739 00:38:29,520 --> 00:38:32,960 Speaker 1: the Tokyo Games until next year. Oh yeah, I mean 740 00:38:33,000 --> 00:38:35,480 Speaker 1: it's got to be in the billions, Oh for sure. 741 00:38:36,400 --> 00:38:39,920 Speaker 1: Actually it's lower than that, gonna get me wrong. It's 742 00:38:39,960 --> 00:38:42,960 Speaker 1: eight hundred million dollars. Now, don't get me wrong. I've 743 00:38:43,000 --> 00:38:46,080 Speaker 1: had eight hundred million dollars in my bank account. I 744 00:38:46,080 --> 00:38:49,160 Speaker 1: would be eating sushi every day. So but that's still 745 00:38:49,200 --> 00:38:52,160 Speaker 1: a lot of money. And uh, that's just the US. 746 00:38:52,640 --> 00:38:55,840 Speaker 1: So that's things like USA Swimming, USA Track and Field, 747 00:38:56,000 --> 00:39:00,160 Speaker 1: right exactly. And of course number is when the Wix 748 00:39:00,239 --> 00:39:02,480 Speaker 1: to happen next year. You know how much of that 749 00:39:02,520 --> 00:39:05,160 Speaker 1: money comes back. You have been listening to Bloomberg Business 750 00:39:05,200 --> 00:39:07,080 Speaker 1: of Sports. We are here each and every week at 751 00:39:07,080 --> 00:39:09,640 Speaker 1: the same time, plus online wherever you get your podcasts, 752 00:39:09,640 --> 00:39:13,120 Speaker 1: and you can catch those Mondays, Wednesdays and Thursdays. I'm 753 00:39:13,120 --> 00:39:15,719 Speaker 1: Michael Bar on Twitter at Big Bar Sports, I'm Evan Novie, 754 00:39:15,760 --> 00:39:19,280 Speaker 1: Williams at no V Underscore Williams, and I'm Scott Sashnik. 755 00:39:19,320 --> 00:39:21,640 Speaker 1: You can follow me on Twitter at Sashnik. Thank you 756 00:39:21,760 --> 00:39:23,919 Speaker 1: very much for joining us. Please turn in next week 757 00:39:23,960 --> 00:39:26,279 Speaker 1: when we speak with the biggest and brightest in the 758 00:39:26,280 --> 00:39:29,400 Speaker 1: sports business industry. You're listening to Bloomberg Business of Sports 759 00:39:29,400 --> 00:39:31,560 Speaker 1: from Bloomberg Radio around the world.