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      "text": "1. TAM larger than we thought for both OSB and iGaming; increasing total North America estimate from $67B to $80B\n2. Top 3 operators in U.S. OSB industry account for 80%+ of GGR; DKNG GGR share 25% and 19% for OSB and iGaming, respectively\n3. Investment in product features will drive continued industry leadership\n4. Customer and state profit results are very strong; 5 states contribution profit positive in FY 2021 and 10 states anticipated to be contribution profit positive in FY 2022\n5. Increasing long-term Adjusted EBITDA outlook to $2.1B\n6. New verticals off to strong initial start and expect to be contribution profit positive in FY 2022, validating our thesis of LTV/CAC flywheel",
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