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SportsTranscript
00:00Okay. So finally, let's cap it off here. The demise of sports betting and betting on horse
00:08racing has really been understated because, I mean, let's be real. I mean, the numbers
00:13are showing here that more people are betting on the Kentucky Derby. Your buddy, Jim Gazzale,
00:17would be happy to hear about that. And now we're getting in numbers from the Preakness
00:20as well. And this idea that because people could bet on sports legally, they didn't want
00:25to rush to the track to bet or rush to some of the other operators to bet is false. Preakness
00:29numbers up again, Matt. Yeah. Yeah, they are. They were down a couple of years there.
00:36And look, they hit highs in 2021, which likely had something to do with the COVID sports
00:42schedules messing things up. We saw over COVID that when there were no sports, people loved
00:47to bet on the horses. And I think you still saw some carryover from that. But yeah, we
00:52did see growth this year. We saw growth for the Preakness day betting, but we also saw
00:56growth in the futures pools that they run for the Preakness as well. That has been more
01:01popular overseas than it has been in the U.S., but it's starting to pick up a little bit.
01:06And look, horse betting is interesting because not every sports bettor really sees the carry,
01:13the crossover there, because parimutuel betting is different. You're not always, you're not
01:17locking in the price that you bet at, that it could really change by the time that race
01:22kicks off and you could not be looking at what you thought you were in the first place.
01:26But operators like FanDuel, DraftKings, they are now using these events to cross sell and
01:32bring sports bettors, casino players into the horse racing world. And they're doing
01:39it in ways that make sense with their technology. FanDuel, for instance, they have one account,
01:43one wallet. That means if you have money that you could go put in a FanDuel slot machine
01:47right now, you could bet with that for sports as well. Or for horse racing, excuse me.
01:53DraftKings is working on something similar. So I don't necessarily see horse racing falling
01:58off here. And I don't know how much we talk about fixed odds horse racing in the future
02:02either. Right now, we're seeing growth in traditional parimutuel betting, and I have
02:06to think that's going to continue.