Heavy upfront advocacy spend positions DraftKings for first-mover advantage in states yet to legalize Sportsbook or iGaming, expanding addressable market before competitors can enter. Each successful legalization adds a new jurisdiction that leverages existing tech stack with minimal incremental fixed cost.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on · in our words, not the filing’s