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00:00now boy it has been tough for the sports books i'm crying sam can you see this little tear for
00:05the sport here they lose during the nfl season and then march madness comes like oh we're gonna
00:11get a bunch of upsets we're gonna get a lot of craziness didn't happen as well i mean over the
00:15last calendar year sam i don't ever recall six or eight months of time in sports where the books
00:21lost but here we are yeah it's it's really been an unprecedented run these past six months they
00:28had terrible nfl usually that's their best sport and then as you said craig march madness came
00:32around and no uh no cinderella's won there were no there were no major upsets um you know they got
00:37lucky enough that duke had that that final collapse in the final four um i think almost half the money
00:42that was bet on the ncaa championship was on that but um that's not going to be included in um the
00:48current reporting period that comes up because the game happened about a week outside of that so
00:53what will be included in the q1 results is a terrible march madness uh one uh analyst bank is
00:58saying uh that they estimate fanduel and draft kings lost in 185 million dollars combined for
01:04march madness so estimating not just that they didn't have a profitable march madness but it was
01:09a huge loss for them as well so um you know it comes after a really rough nfl season draft king said
01:17it was the worst one ever the super bowl did help a little bit uh with player props and
01:21same game parlays um you know translating to a profitable day overall for the books but it still
01:27has not been a great overall last six months but now you have q2 when you have the nba playoffs are
01:32in form nhl playoffs um and major league baseball really helps a lot just having so many more games
01:38on the slate without as much volatility on one major event like the final four where it's single
01:44game elimination everyone's betting on a favorite team that covers so uh historically q2 accounts for about
01:4921 of the annual handle um that's delivered over the year but the highest parlay margins and the
01:55best uh hold percent is for the books typically so q2 cannot be coming at a better time after these
02:01past six months for the sports books but still they'll be hoping that the favorites don't win
02:05in the nba they'll be rooting against the thunder rooting against the lakers who are on the ropes right
02:09now um and the golden knights as well are a huge liability in the nhl playoffs but you know no
02:14quarter is totally risk-free so um they're definitely not um you know celebrating anytime
02:19soon uh the kentucky derby is coming up as well so um if they if they have a good quarter it'll be
02:24really important if they have a bad quarter uh which they're kind of set up not to do but it could
02:29happen uh it'll be really really interesting to see how that affects the stock market sentiment which
02:34is very much down right now even though you know it is a high volatile industry but you know when you
02:39have months and months of losses uh you know it's harder to to overlook that kind of stuff