DraftKings Inc. (NASDAQ:DKNG) Goldman Sachs 2022 Travel and Leisure Conference June 6, 2022 10:40 AM ET
Company Participants
Jason Robins - Co-Founder and Chief Executive Officer
Conference Call Participants
Stephen Grambling - Goldman Sachs
Stephen Grambling
All right. We are going to kick off our next session here with DraftKings and in many ways our next guest needs no introduction. We're rapidly running through these firesides. So please join me in welcoming Jason Robins, Chief Executive Officer and Chairman of DraftKings. Jason, welcome. Good to see you in person here at 200 West again.
Jason Robins
Yes, thanks for having me.
Question-and-Answer Session
Q - Stephen Grambling
Maybe to kick things off, one of the most common questions that we get with the relation to sports betting and iGaming specifically is just trying to think about profitability, market share, the combination of those two things. So maybe to think about it holistically, what factors may influence how you think about the path to profitability and what broadly drives competitive advantage in online sports betting and iGaming?
Jason Robins
Yes, it's a great question. So certainly I think the overall market has changed a lot and I think that actually plays to our strengths, which I'll explain in a moment. But for, I don't know, the last couple of years until about say four or five months, six months ago, seven months ago, market share was what we got asked at these conferences, how are you going to get your market share higher? Do you think that other players are going to take market share? Now it's all about profitability. So I think that's caused the overall kind of industry to focus more on it. What works for us well there is, we haven't really changed our playbook and we think our playbook actually thrives in this type of environment. We've stayed disciplined even when there were
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