Jason Robins: Yes. I mean, first, we are just in the process of completing the migration on GNOG. So that’s going to be a real exciting one and really just at the very early stages of deploying our multi-brand strategy and I think that’s going to be a real tailwind for us. We also have a number of product features and new games that we’re working on as well as things that we’re working to increase and build out like our jackpots offering, which I think, is a real differentiator for us. So there’s a lot going on in that space. We’re working on a lot of new gamification stuff. There’s a lot. And I think really front and center is that GNOG migration and having those products become on the same platform, I think, will allow us to really get even more leverage out of each additional feature and game that we launch.
John DeCree: Got it. Thanks. You touched on a little earlier, iGaming, your view on New York perhaps getting close and we probably feel the same way. There’s quite a few bills circulating out for gaming this session. But curious if you have a view or if your team has a view on, at least directionally, over the last couple of months or quarters, if you’ve seen greater progress at the state legislative level or if there’s maybe anything out there that people aren’t thinking about it’s not major headlines like New York that might be interesting over the next kind of one or two years on the iGaming regulatory front?
Jason Robins: Yes. There’s a few states that I think are getting momentum on iGaming now, and it will be hard to say, but I think we’re going to get at least one or two this year, if I had to guess. Some of the states, I’m hearing some momentum in include Maryland, Wyoming is one. So I think there’s a few states that could consider it. I think a dark course is Illinois. Really, what I think you saw and there’s kind of two things that I think are playing out here. One is, a number of different states wanted to do OSB first and see how that went, and that’s still ramping for them. And so the draw for that reason of new tax revenues from online gaming isn’t as strong if you just launched online sports betting and you’re waiting to see how it’s ramping and you’re still getting more and more accustomed to and comfortable with it.
The second thing is that, we talked a few years ago about post-COVID and how that was going to be a real catalyst given states would need tax revenue. What we ended up seeing was that, so much federal money was pumped into the state’s coffers that that really dragged — over the next few years, it kind of extended that time line a bit. But now that’s, I think, coming to an end in many states, they’re starting to see budgets that really look a lot like the budgets four or five years ago in many states and the surpluses in some of these states are no longer there. And so I think that’s going to also just sort of change the dynamic in the coming years between people getting comfortable that regulatory and responsible gaming pieces that we can put in place are robust and really do a great job protecting, people understanding there actually isn’t a legal online casino market, iGaming market and that much like with sports betting, disrupting that illegal market that had no consumer protections, paying no tax revenue, actually a real priority that states should have.
And then, of course, the amount of programs, whether it be educational or otherwise, that the revenues can find, I think, are also going to be real catalyst behind. And it’s kind of as we expected, maybe not exactly as we expected, but we thought there’d be a lot of momentum initially on OSB. I was actually pleasantly surprised as many states as they did ended up doing iGaming at the same time. And I think as OSB legislation continues to move through the states, I think you’re going to see a wave of iGaming legislation start to materialize over the course of the next year or two.
John DeCree: Thanks, Jason. We agree. That’s all helpful commentary. And congratulations to you and the team on a great 2023.
Jason Robins: Thank you so much. Really appreciate it.
Operator: There are no further questions at this time. I’d like to turn the call back over to Jason Robins for any closing remarks.
Jason Robins: Well, first, thank you all for joining us on today’s call. Really, 2023 was an excellent year for DraftKings, and we’re so excited about the opportunities in 2024 and beyond. I think 2024 is going to be even a bigger year for us. I hope everyone stays safe and well and look forward to chatting with you in the future. Thank you.
Operator: Thank you for your participation. This does conclude the program, and you may now disconnect. Everyone, have a great day.
