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SportsTranscript
00:00 (upbeat music)
00:03 Okay, so we knew this was bound to happen.
00:05 Some of these sports betting operators,
00:07 you know, hearing, hey, you know,
00:09 we're gonna have to push responsible gaming,
00:11 push responsible gaming.
00:12 And then in the, you know,
00:13 industry of legalized sports betting,
00:15 very quiet, okay, you know,
00:16 agreeing to all of these new regulations.
00:19 Now we're finally starting to get some pushback here.
00:21 It was inevitable, Matt, because again,
00:23 it's one side pushing responsible,
00:25 the other side essentially determining,
00:28 hey, this is just going too far.
00:30 We wanna make our revenue, not worry about it as much.
00:33 I don't know if that's a good explanation for it.
00:35 What is yours?
00:36 Well, I think we need to be fair
00:38 when we're talking about this,
00:39 because I don't know any sports book operator out there
00:43 that wants problem gamblers betting on their website.
00:47 Causes headaches, they run out of money.
00:50 You want responsible gamblers on your website.
00:53 It's just simple, you know,
00:56 they're worth more than the problem gamblers.
00:59 So just from a business standpoint,
01:01 no sports book wants problem gamblers on their website,
01:04 but yeah, you have to remember that this is still a business
01:08 and as much as every business is coming out here saying,
01:11 yeah, we wanna protect everyone.
01:13 We're gonna do everything we can.
01:14 You know, you gotta push something sometimes, right?
01:18 You gotta see where you can push back.
01:19 You gotta see where you can take an inch here or there.
01:22 And FanDuel apparently did some of that
01:24 with new laws that came out in New York.
01:27 You know, New York was tweaking a couple of things
01:30 to tighten up responsible gambling protection.
01:33 And FanDuel came back with a couple of public comments
01:36 saying, well, can we do this?
01:38 Can we do that?
01:40 Can we maybe try this?
01:41 You know, they, for example,
01:44 everybody in the US sports betting industry
01:47 works with affiliates.
01:49 Those affiliates will go out
01:50 and basically recruit customers for them, send it to them.
01:53 Both parties get a share of the revenue somehow.
01:56 FanDuel did not want any blame
02:01 if their affiliates messed up
02:02 and said something that they shouldn't have.
02:04 And the New York State Gaming Commission said,
02:07 you know, no way.
02:08 We obviously are going to see better compliance
02:12 if the sports books have to be responsible for this as well.
02:16 You know, it was stuff like that, right?
02:20 Like they don't want,
02:21 New York doesn't want certain phrases
02:24 to be used by sports books in a nefarious way.
02:27 They are looking at search engine optimization,
02:31 for an example.
02:32 And they say, look, you know,
02:33 there could be a sports book out here
02:35 who puts in, you know, metadata, problem gambling help.
02:40 And then that could register in Google
02:42 that could come up to somebody
02:43 looking for problem gambling help.
02:45 They click on it and now there's smack dab
02:47 in the middle of a sports book.
02:49 So, you know, you have to look at what New York was doing
02:52 and say for sure that these are good changes.
02:54 I didn't see any of them that I thought
02:55 really pushed it too far.
02:57 But, you know, again, FanDuel is,
03:01 they are one of the ones making the most money right now
03:04 in US sports betting, but it's a business.
03:07 And so you have to go out and see
03:09 where you can kind of win those edges, right?
03:12 But yeah, it's not a great look to have this coming out
03:16 that, you know, the biggest US sports betting operator
03:20 is giving out public comments saying, you know,
03:25 well, let's not do this or that,
03:27 that could potentially help problem gamblers.
03:30 That's not the kind of headline we want coming across
03:32 for US sports betting.
03:34 But I think, like I said, at the end,
03:36 you just have to remember it's a business
03:37 and people are gonna do what they can
03:40 to get those pennies out.
03:41 (upbeat music)
03:44 (upbeat music)