Tuning into the $DKNG investor call now. They lost nearly $350m in Q3 and shares are up 10% pre-market! (They acquired a lot of customers)

Expects to complete migration to SBTech by Q3 2021 (pretty much as previously flagged). Will improve margins, Robins said.

Also excited about potential sports betting in Ontario. Would be sixth largest US state (if, you know, it were in the US)

They are still promoting Bryson as the sixth best golfer in the world, which I feel undersells him somewhat

No specific M&A targets, but always looking

Ended Q3 with $1.1 billy on the balance sheet. Expect to increase that to $1.7bn by the end of the year

Robins declines to share timeline for integrations/link-outs with ESPN

Robins is asked about pressure on margins from bonusing, says margins are already pretty good and will improve as they did in the DFS industry

Earnings story here btw - will update with some bits from the call shortly https://buff.ly/32Fx4EP 

"DFS has had a great year...Masters was well up YoY. The team is trying to parse whether that's true growth or just the different time of the year." Sounds like more activity (NFL etc) begets more activity

"We are in the first inning [of developing product]". Expects rapid dev of in-game betting once migrated to SBTech platform

TN: "Will be harder to compete with offshores. And we assume it will be worse-performing than other states, but we don't know for sure"