Jason Robbins

And we've always said this product is the most important thing.

You can't win if you don't have a great product.

And then, you know, assuming that the numbers check out, we'll spend marketing accordingly.

We're going to be very data driven like we always are and everything.

We'll test into it.

But we did want to make sure as we guided that we were thoughtful about giving the team some space to be able to accelerate spend if the numbers look good.

Yeah, I mean, I think you're exactly right that this will hopefully lead more states to decide that they might as well legalize sports betting.

I think predictions are a powerful talking point for that because, you know, same as the illegal market, same as anything, but in this case it's regulated.

But the bottom line is it's activity that's already happening in the state at some level that they are not directly benefiting from and regulating.

So I do think that'll motivate some states, but

For us, really, the cannibalization thing isn't a huge concern.

We haven't seen that happen, not just here, but as I mentioned, overseas, where there's long-established, I mean, it's not a brand new thing like it is here.

There's been predictions in sports exchanges around for decades in the UK, for example.

So we feel like there's pretty good data out there to show that head-to-head, the traditional sports betting product is a far superior product for customers.

Well, I think if you take a step back, you know, it really starts with the progress that we've made over the last few years and the position we put ourselves in.

Remember, two years ago, we weren't even profitable.

Three years ago, we had nearly a billion-dollar adjusted EBITDA loss.

At that point, you know, we were getting killed in the market because people thought we were going to run out of money and go out of business.

We really buckled down.

We grew revenues.