joining us is jason robins the chairman and cofounder.he guidance being raised and i hate to do this to you, but can you raise it even more given the new customers you are getting in? how much upside do you expect throughout the year and what could raise the bar for you? jason: i think there is a lot of upside throughout the year. we have a number of different initiatives underway and customer acquisition keeps outperforming what we expect. we think the trend is good right now and a lot of the initiatives for the back half of the year will roll out with the start of football season. we will know more than. i definitely feel like we have good stuff on the product front and definitely upside. sonali: when you think about new customers, where are they coming from and how a new? what is the market potential for you? jason: coming across the board. we launched two new states north carolina and vermont and they have a lot of pent up demand and we get a lot of new customers in the first few months. but even in the older states like new jersey co

says this will mean worst product worst promotions and odds for illinois bettors draftkings ceo jason robinsburden will fall on the consumer should taxes get raised and these gaming ceos have stressed to me that it gives the offshore, unregulated books a leg up because they don't pay any taxes at all and besides that, they're already capturing more market share than any of the other legal players. >> are any other states considering doing what illinois is proposing >> yeah, sure. in fact, massachusetts just had a ballot initiative or a legislation they were looking at and they just nixed that because what industry experts will say is, look if you tax the sports book at a higher rate, they're going to make that margin up and that money up somewhere else they will have fewer promotions and, therefore, they will attract fewer sports bettors to the platforms themselves and you can see the overall pot lessen, but that the sports books are not just going to pay more in taxes and eat the, you know, what it costs them in profits. >> contessa brewer, thanks very much >>> sure >>> and coming up, sales

marketing and their promotional spend and perhaps there are fewer pots of dollars to tax draftkings jason robinss call the burden goes to the consumers as they would look to recoup the costs it's an interesting take on this on the other hand, the industry and i've heard this at many conferences, is hopeful that as states look for new tax revenue, they'll consider legalized online casino games or igaming which is far more profitable than sports betting and one that fanduel and draftkings have now overtaken the number one and number two lead spots in terms of market share. >> contessa, appreciate that contessa brewer. mike, i'm also thinking about it's not like earnings season is fully over crm, salesforce, going to be important, especially at a time where, you know, software stocks haven't done that well. >> all chips and the mega caps. >> it's definitely been a little bit sidelined by the fact that all anybody really cares about is,the hardware investment cycle at this point. i mean, salesforce has had a decent story to tell about implementing ai. it almost fits perfectly in with what they've al

i like fantasy and i know that these guys have a great fantasy site so there we go that's jason robins, co-founder, chairman and ceo of draftkings i love when you come on the show thank you so much. >> i love coming on. thanks for having me >> "mad money's" back after the break. >> announcer: when we return, master the markets one stock at a time the "lightning round" is up next (aaron) i own a lot of businesses... so i wear a lot of hats. my restaurants, my tattoo shop... and i also have a non-profit. but no matter what business i'm in... my network and my tech need to keep up. thank you verizon business. (kevin) now our businesses get fast and reliable internet from the same network that powers our phones. (waitress) all with the security features we need. (aaron) because my businesses are my life. man, the fish tacos are blowing up! so whatever's next... we're cooking with fire. let's make it happen! (vo) switch to the partner businesses rely on. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instan

in fact, jason robins was asked about this on a recent earnings call for draftkings and says look, what'sng to see the burden shift to the consumer btig analyst out with a note this morning saying they don't see momentum for similar tax hikes in other states, but oppenheimer analyst jed kelly says if it catches on in other states this could accelerate draft kings and fanduel's consolidation given their cost efficiency you might see the big getting bigger in illinois, they have those two have about 75% of the market share in illinois. in new york where the tax rate is 51%, they have 90% of the market share so it -- you might think that it would help the smaller operatefers they're paying less. that's not the case. the other people that it helps is all those run offshore sportsbooks because they don't pay any taxes at all they still capture far more of the market share than the legal operators. >> sounds like a bit of a loophole/opportunity >> you know, if states are looking for additional tax revenue, if they think that the gambling could provide state coffers more money, the industry is h

. >> and we met jason and nya on abbey road, well, power street. batman and robin and this batman has really embraced some of the fund that some choose to have during the run. >> we have fun the moment we start. >> this guy, a first timer, really leaned into a unique and creative costume. >> no idea what it will be like to run in this. >> probably would be the first time he has ever finished bay to breakers. but it was not the first time for the winners champion , the competitive runner making her return. >> i was having my bridal shower this weekend last year but it is great to be back. i won in 2022, it is fun that i got to win again. a lot of these big races, they are pretty intense and people are very serious so it is really fun to see everyone kind of having fun out there and all the people on the sidelines. >> a classic may gray day at the finish line where runners were greeted with cheers, congratulations and a nice ocean breeze. and for many, it may be time to ice their knees. >> that looked like a lot of fun. what would you dress up as? >> i think i was in

jason, karina, and anaya on abby road. i mean, howard street. >> we are the beatles. >> reporter: batman and robin were there, and historically, this batman has really embraced some of the fun that some choose to have during the run. >> the bar is open. the moment we start >> this is great, man. i love it. >> this guy, a first timer really leaned into a unique and creative costume. >> bring out the creativity in people here. what it is like to run in this. we will see if i make it. >> reporter: if he did, he probably would be the first time the man has ever finished bay to breakers. but it wasn't the first time for women's champion, julia vazquez, a competitive runner making her return to bay to breakers. >> was not able to race last year, i was having my bridal shower but it is great to be back i went in 2022 so it is fun. i got to win again. a lot of these bigger races, you know, it is pretty intense and people are very serious. it is really fun to have everyone kind of having one out there and also just the people on the sidelines. it is really motivating. it is really fun, of course. >> the classic may great day at the fi

. >> we met jason and nya on abbey road, well, i mean, howard street. and batman and robin were there and this batman really embraced some of the fun that they choose to have during the run. >> this is great, we love it. >> this guy, a first timer, really leaped into a unique costume. >> no idea what it is like to run in this, we will see if i make it. >> if he did, it would probably be the first time a whiteboard man actually finished. but it wasn't the first time for julia, a competitive runner making her return. >> i was having my bridal shower this week and last year but it is great to be back. i won it in 2022. a lot of these big races, it is pretty intense and are serious, so it is fun to watch people having fun out there and all the people on the sidelines is motivating. >> a classic may gray day at the finish line where runners were greeted with cheers, congratulations and a nice ocean breeze. and for many, it might be time to ice their knees . >> that last outfit . >> perfect, ice their knees. then you have bones running through. >> i'm doing the san francisco half

jason, karina, and niya on abby road or howard street. >> this is one of our members. we're the beatles. >> reporter: batman and robin were this and this batman has embraced some of the fun that some will choose to have during the run. >> the first time i went, we went out to block the side, we would take a shot. the moment that we start. >> this is great, man. i love it. >> reporter: this guy, the first timer leaned into a unique and creative costume. >> we've got the creativity in people here. >> no idea what it is like to run into this. we will see if they make it. >> reporter: if they did, it will probably be the first time that the man has ever finished the data breakers. >> congratulations. >> thanks, good job. >> reporter: it wasn't the first time our woman champion, a competitor runner making her return to beta breakers. >> i wasn't able to run last year. i was having my bridal shower last weekend, but it is great to be back. i won it in 2022. it's fun i got to win again. and it is pretty tense and people are very serious, so it is really fun to have fun out there and also just the people on the sidelines. it

robin: back here on gma. that was a moment for abby carter crowned the newest american idol. it was a star studded night. several guest performers like jon bon jovi, jason a bittersweet note with judge katy perry leaving after seven seasons. a very happy abby carter will be joining us tomorrow right here on gma. her reaction was just priceless. >> george: congratulations to her. following a lot of head lines. donald trump's criminal trial. his former fixer michael cohen about to retake the stand. the judge told both sides be prepared to deliver closing arguments as soon as tuesday. also right now, ginger is tracking severe weather. at least 13 tornados reported in three states. today the severe weather will stretch from colorado to indiana, heat spreading north and east. >> michael: take a look at will lovener running and winning the cleveland marathon. watch what he does next. wait for it. he gets down on one knee and proposes to his girlfriend emma. turns out the couple went on their first date just after will won last year's marathon. so congratulations to the happy couple. and we've got a lot more ahead including prices finally dropping at the groce