A lot of questions from instos asking about the business response to COVID in light of Miami Marlins players testing positive and a couple MLB games suspended.
From an Australian perspective the results are quite good. However, the active customers growth rate slowed a bit, understandable due to COVID and lack of sport offerings. However this was offset by higher net win margins.
Mentioned ttheir advertising spend in NJ was for a target of 5-6% and they had 8.7% of the handle. The US takings are basically all NJ at the moment, Illinois, Michigan won't be available until end of August at the earliest and September respectively. At which point MLB and NBA would be nearly winding up and NFL still a month or two away.
DraftKings and FanDuel should be entering the Illinois market shortly, but new customer sign ups are required to be done in person.
Short to medium term seems there's some hesitance with respect to COVID impacting sporting seasons (although NBA in a bubble and NHL operating out of Canada).
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