FanDuel Launches 'My Spend' Tool for Responsible Gaming

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00:00So, FanDuel on their app is basically giving you what I would call as soft warnings as

00:09to how much money you are wagering per day, per month, just by logging into their app.

00:15I think that's great.

00:16Sam, can they do this for my Amazon account?

00:19Because I would love to have that too.

00:20I mean, that's my struggle, ordering things on Amazon.

00:24But for FanDuel, obviously, I'm being cynical.

00:27It's a little bit more for sports betters.

00:28You've got to be careful.

00:30And I really like this idea.

00:32And I hope other apps take a cue from this, because it certainly would enlighten people

00:37as to how much money they're wagering each month.

00:39Yeah, Craig, I'm not sure if anything can be done for your shopping addiction, but FanDuel

00:43is certainly trying to do as much as they can for people's, you know, quote, unquote,

00:48betting addiction or issues, gambling, responsible gaming to address this.

00:52They launched this new tool called MySpend, which essentially helps customers track their

00:56betting habits.

00:57And it's kind of unique and personalized to what everyone's doing versus just a blanket

01:011-800-GAMBLER number.

01:03Or if you need help, click this button.

01:05It kind of, it's launched across all their different products with this dashboard that

01:08helps you see how much you've deposited over time, how much, you know, you're net winning,

01:13how much you're winning on a monthly basis, a daily basis, kind of more data where people

01:18can actually visualize, oh, wow, this is really what I'm doing.

01:21Okay.

01:22I'm not just, you know, monitoring it by I'm depositing $10 every couple weeks.

01:26It's actually going to show you how everything shakes out net.

01:29And I think it's really important because FanDuel has been kind of along with DraftKings

01:33has been at the forefront of using technology to get more money out of their customers,

01:37to give customers a better experience, more bets that are profitable for them.

01:42So that kind of thing, when you translate that over to responsible gaming, it's really

01:46important for an industry now that we've talked about has been in the news, Congress is thinking

01:51about ways that they can address, you know, advertisements or the use of AI to cater

01:57bets to customers.

01:58And, you know, the Superbowl is going to come up, you're going to see a ton of ads.

02:00So I would say this is FanDuel trying to get more ahead on responsible gaming front than

02:05we've seen other companies do in the past.

02:07So it's actually really cool to see them use, you know, we've had so much success with this

02:11technology in terms of getting money from people.

02:14How can we use that to actually help people?

02:16So they're going to have this ad campaign around this too, which I imagine we'll see

02:20more around the holidays, more around this heavy sports calendar we have coming up, where

02:24they're going to, you know, kind of show people this tool and make it more aware.

02:28So it's not just a fancy thing you talk about and get a good press release with.

02:32So yeah, I would say 2025, you'd expect more to come along this front of other companies

02:37trying to do, you know, these personalized, responsible gaming tools versus just, hey,

02:42you know, make sure you gamble responsibly.

02:45And FanDuel is definitely at the forefront here.

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