And I think once the market started to change their tune, and there was more of a demand on accountability for efficiency and profitability, you saw that change. And I don’t see that changing again. I think that we’re in a new phase of the market where competing on a much more rational playing field is the norm. And I think that you’ll continue to see that, whether it be existing operators or any new operators that come into the market.
Operator: One moment. Our question comes from Dan Politzer with Wells Fargo. Your line is open.
Dan Politzer: Jason, I was hoping just to clarify on the 2023 revenue guidance. I think for the fourth quarter, you guys had $30 million uptick in revenue from the structural improvement in the hold. I just want to clarify, your 2023 guide that you issued at the same time that did include the hold benefit? And then just for my follow-up, just the pace of the fixed OpEx deceleration, if you could maybe parse that out in terms of the G&A, product and tech and other corporate marketing, and I guess, where you’re seeing the most efficiencies.
Jason Park: Yes. So in terms of your first question on hold percentage, yes, that’s all embedded within the guide and the H1, H2 revenue split that we provided. So any type of empirical pattern that we’re seeing that we have confidence will continue, we’ll embed into our guidance. And in terms of further breakdown of P&T, S&M, G&A, fixed cost growth, I think someone earlier mentioned 10% to 12% growth, I would say that, that’s pretty similar across all three of those areas.
Operator: Thank you. One moment. Our next question comes from Brandt Montour with Barclays. Your line is open.
Brandt Montour: I wanted to ask about iGaming. Looks like you guys have had really good success gaining share on the DraftKings side In New Jersey in the fourth quarter, Pennsylvania in the fourth quarter or Michigan in the third quarter. I was just curious if you’re able to sort of break down that success between some of the things you mentioned in terms of product, like progressive jackpot or success you’ve had in cross-selling during this NFL season? Or if there’s any sort of cross learnings you’re able to — you’re leveraging from GNOG. Any color could be helpful for us.
Jason Robins: Thank you. I appreciate it. Yes, we — I mean, we are really pleased that in January, we had the number one market share in iGaming in New Jersey for the first time since we launched in December of 2018. So, great culmination of over four years of effort from the team, building products, optimizing our analytics and obviously, on-boarding a new brand in GNOG. And I think the most exciting thing is that we feel the biggest upside is yet to come when we migrate GNOG to the DraftKings’ platform and product suite. That’s going to hopefully happen later this year. And I think that will be — give us an additional boost as well as provide ongoing cost savings due to not having to pay revenue share to as many third parties.
So lots of benefit there and I think already seeing some great results from the product side. And also, you mentioned, too, I think we’ve gotten even more effective at cross-sell, I think, especially as we get more data. That’s sort of our sweet spot. The more data we have, the more effective and efficient we can become. So not only have we gotten more effective at increasing cross-sell, we’ve being able to do it more efficiently as well. So that’s something that I’m very proud of that the team has been able to make great progress on.
Brandt Montour: And if I may just quickly follow up on that. Is it fair to assume that 2023 guidance assumes that you’re able to hold the share gains that you just recently enjoyed?
