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SportsTranscript
00:00What is this the latest on this shared wallet?
00:06I know that you have brought it up before.
00:07We probably should explain people what that could potentially mean for
00:10people who are betting on horse racing and especially doing it on
00:14draft Kings.
00:14They may not be used to that.
00:15Yeah, for sure.
00:17Craig and what the shared wallet is it allows you to deposit once and
00:22use the same funds across all three of the the main verticals that the
00:27sports books in, you know, obviously where it's legal that they offer.
00:32So sports betting horse racing and online casino DraftKings has been
00:37working on that shared wallet technology for for over a year now based
00:42on my conversations with with the DraftKings executives over the last
00:46several weeks and months and they plan to roll that out in the first
00:49half of next year spring to early summer.
00:53I was told that that shared wallet will be rolled out across the
00:57DraftKings properties.
00:58FanDuel is the only online sports book to offer that shared wallet right
01:04now across its sports betting and horse racing platforms.
01:08And we've seen just how successful that extra bit of technology has
01:13been for FanDuel.
01:14They touted record number of dollars bet through the Triple Crown with
01:20the Kentucky Derby, Preakness and the Belmont legal sports betting in
01:26Kentucky certainly helped elevate and boost those handle figures that
01:31we saw with the Kentucky Derby.
01:32So DraftKings now is planning to to roll that out in the first six
01:39months of next year.
01:41DraftKings did tell me that they were the most popular app, the most
01:45downloaded app on Kentucky Derby Day.
01:47They made a heavy investment with the New York Racing Association to
01:51sponsor a couple of races up here this past summer, which they told me
01:56provided a big boost in handle.
01:58They didn't give me any exact dollar amounts, but they did say that that
02:03promotional effort that marketing effort did pay dividends for them.
02:07So they're expecting this shared wallet that ease of use deposit once and
02:12have that ability to use the same funds across all of the different
02:14verticals.
02:15They do expect that to be a big boost in business and in handle across
02:20those platforms for them.
02:22And we'll see that in the next six or nine months.