"Probe and vaporize?" "No, abduct and bring back to the mothership." "My way's more fun." "'Abduct'. Not 'Vaporize.'" "Okay, but humanity ain't gonna annihilate itself. All I'm sayin'."
A species that lacked genitalia and so reproduced purely through cloning, the Furon DNA was becoming corrupted after millennia of using and remixing the same samples. Fortunately, through some of their ancestors being frisky with the inhabitants of Earth, hidden within their brain stems was pure, undamaged Furon DNA. Crypto-136 was sent to the planet to collect some and send it back to his home planet. He was promptly shot down, captured, tortured, had information extracted from him, killed, and dissected. So Crypto-137 (and his supervisor, Pox) was sent to finish the job, being far more successful and managing to take over the United States of America by posing as its president. Over the next two decades, Crypto would continue to send a healthy amount of DNA to his homeworld, protecting his business from enemy alien species, genocidal French environmentalists, and a Colonel Sanders knockoff, every so often setting out once again to Destroy All Humans!

Legend

It should be noted that Crypto-137 is the playable character in Destroy All Humans, while Crypto-138 is played in the sequel and Big Willy Unleashed and Crypto-139 is the protagonist of Path of the Furon, both after their predecessor died between games. That being said, as they are exact clones of each other (the sole exception being 138 has genitalia), their feats are applicable for all versions.
Unmarked - Destroy All Humans! (2020 Remake) 2 - Destroy All Humans! 2 BWU - Destroy All Humans! Big Willy Unleashed PotF - Destroy All Humans! Path of the Furon

Physicals

• Punched in the face by an army commander, knocking him back
• Stabbed with a fish^PotF
• Hit by the Temporal Fist technique by an older, more experienced furon (attacking him a large amount of times in frozen time) before getting sent into a pillar with a final punch^PotF
• Crashes in his saucer after its power is knocked out by a Tesla coil, being knocked out but surviving otherwise unharmed
• In gameplay can catch a rocket before it hits him
• Runs away after a nearby tank fired before the ground by him explodes^PotF

Shield

Crypto is almost always protected by an energy shield which depletes when damage is dealt, and automatically regenerates after a period of being unharmed. With an upgrade the shield is briefly invulnerable after taking damage. While the shield is down, Crypto can be killed by practically any attack.

• Can block a blow from an enormous robotic squid's tentacle^PotF
• Blocks bullets and shotgun blasts
• Blocks bullets from an anti-aircraft gun
• Protects from a stomp which tears up the ground in a large circle around a mech, also covering the ground with flames
• Blocks tank shots^PotF
• Is mostly (but not fully) depleted from an explosion during a compulsory tutorial. A building, the front of which is a similar distance to the bomb as Crypto is, is leveled by the blast²
• Takes only a slight amount of damage from his Ion Blaster
• Can take blasts from a Nexosporidium warriors^PotF
  • One such blast can seemingly vaporize a human^PotF
• Blocks a stream of flame^PotF
• Protects against germs

PK

Crypto has potent psychic abilities which manifest in a number of ways.

Telekinesis

• Bends a tv aerial
• Catches a rocket before it hits him and throws it back
• Seems to get money out of an ATM before yanking it free and carrying it^PotF
• Lifts and throws large rocks
• Lifts and throws a generator^PotF
• Lifts and throws cows a great distance
• Easily moves around cars^PotF and vans^PotF
• With slight delay on picking it up, carries and throws a 50s era fighter plane
• With slight delay on picking it up, carries and throws a tank
  • A better shot of how far it can be thrown
• Throws a man into stone statues, obliterating them^PotF
• With an upgrade, can throw a small object with the same strength as if he was throwing something massive
• Can magnetize people and objects towards what he's holding^PotF
• Seems to restrain a person being lifted^PotF

Machine Influencing

• Activates a keypad
• Makes a crane drop its load
• Causes an EMP mine to explode
• Turns off a generator
• Influences a control panel to turn off the energy cage he's in
• Sabotages a saucer, causing it to break shortly after taking to the air

Mind Reading / Suggestion

• With a cortex scan, can read the mind of a person without them noticing
  • Also works on animals
• Makes a person dance to cause a distraction
• Compels people to dance with Free Love, making them forget any alien occurrences they just witnessed²
  • Using this on one person causes everyone in the surrounding area to also dance²
  • Has a Disco Fever variant in the seventies^PotF
• Can implant suggestions in people, such as making them follow him or whoever he's disguised as
  • These followers will protect Crypto in a fight if they're armed
  • After implanting a suggestion in a person to follow him to his saucer, it ends abruptly and they become aware of their situation as soon as they're standing under it
• Has a soldier open a gate for him
• Makes a man drive a truck carrying an atomic bomb to an air force base
• Causes people to forget what they just saw
  • Through making them forget, can stop a person from following him

Holobob

• Copies the appearance of a person, making them frozen and invisible while the disguise is up. It gradually loses power over time, needing Crypto to cortex scan people to replenish it
  • The fading of the disguise is a representation to the player of it losing power, while surrounding humans don't notice anything wrong
  • The disguise breaks when Crypto commits an offensive psychic action, causing people to see him as an alien threat. If Crypto hides for a short while, he can continue using the same Holobob without issue
• Can convincingly portray people, as shown with him acting as a town's mayor at a speech with none of them noticing an issue
  • Portrays the President of the United States in a televised address without anyone seeing an issue

Body Snatch

• Allows Crypto to jump into the body of a person, controlling them. He can come out of the body without issue when he wishes to leave it²
• While possessing a body, it slowly loses energy with the body dying once this bar depletes. Energy can be replenished by cortex scanning people^PotF
  • Energy is also lost through the body taking damage²
  • When the body dies, Crypto is ejected without injury²
• Body snatches animals such as a cow^BWU and a chicken^BWU
• Body snatches another furon^PotF
• Crypto can perform other PK abilities while bodysnatching someone²
• Can body snatch while both him and his target is wearing a helmet on the moon²
• Body snatches from a distance without the person noticing, though it could be down purely to how people in Big Willy Unleashed are notably unresponsive to anything happening around them^BWU
• Body snatching a drunk person makes Crypto drunk while possessing them^PotF
• His voice does not change while body snatching someone. This does not make anyone he talks to think anything's weird, as he can talk to a KGB agent while possessing another KGB agent without issue being raised²
  • Portrays a mob godfather without anyone thinking anything's wrong^PotF

Transmog

• Transmutes an item into ammunition for his weapons by breaking objects down to their most basic components and reforming them
• Works on both small objects, like a kid's cart, and large objects, like a car
• Transmogs a large armoured vehicle²
• Can be used as a means of destroying vehicles²

Brain Extract

• Blows up a person's head, easily allowing Crypto to collect a person's brain stem
• Also works on corpses
• Can be transmitted to multiple targets when a person's head explodes
• Humans in the final stages of this attack their allies

Mind Flash

• Completely stuns every human in the world² for a short time, as shown here, though some humans are more resistant than others. This ability is replenished through collecting brain stems²

Time Stop

• Can stop time for a period with Crypto (or whoever he's body snatching) being able to freely move about in the meantime^PotF
• With the Temporal Fist technique can use his telekinesis in stopped time, with thrown objects flying in the fired direction when time resumes^PotF
  • Throws a projectile spat at him at high speeds back at his attacker like this^PotF
  • As objects put in the air remain there, Crypto can place and jump on platforms to reach high areas^PotF
• Fires his Ion Detonator, with the blasts exploding when time resumes^PotF

Other

• Seems to knock a man out by hitting him with psychic energy
• Makes an explosive barrel explode
• Makes a large radioactive hay bale explode
• Appears to teleport in from somewhere, though exactly how or from where is unknown^PotF

Weapons

Zap-O-Matic

• Shoots streams of electricity to shock and kill enemies
• Can chain between enemies
  • While the damage usually decreases with each enemy it links to, an upgrade has the power increase instead
• Destroys slot machines^PotF
• Obliterates a poker table with a short blast^PotF
• Blows up a 70s car with a sustained blast^PotF
• Destroys the bars of a cage he's trapped in^BWU
• Knocks a man out with a brief shock^PotF
• Is collapsible²
• By shocking them, activates and powers petrol-fueled generators^PotF

Anal Probe

• Shoots a beam which goes up the target's ass, damaging both their behind and their head until their head explodes, allowing Crypto to extract their brain stem
  • Can fire multiple of these probes
• Are heat seeking and burst fire in Path of the Furon,^PotF capable of firing multiple rounds at a single person or shooting at multiple people at once^PotF
• Disinfects humans of a spore which mutates them into a creature without killing them²

Disintegrator Ray

• Destroys slot machines^PotF
• Disintegrates people^BWU
• Disintegrates cows in two shots
• Sets targets ablaze with repeat shots
• Blows up large metal boxes
• Can be upgraded to be rapid fire and to shoot up to three blasts at the same time
• Shoots balls of fire
  • In Path of the Furon, they instead shoot ultra-hot antimatter slugs^PotF

Ion Detonator

• Shoots balls which explode in a large field of energy after a certain amount of time has elapsed, or on command
• The blast disintegrates people
• Can pull objects and enemies towards the projectile before it explodes
• An upgrade gives it a high chance of transmogging objects and vehicles it destroys
• With an upgrade, time slows for a short while after a blast explodes, with this ending early if Crypto attacks again. It's unknown if this is genuinely time slowing or if it's just Crypto's perception of time, though the description implies the former

Dislocator

• Doesn't deal damage, but sends whatever it hits moving about at notable speed, including heavily armoured vehicles²
• Easily moves a double decker bus²

Meteor Strike

• Locks onto a spot and calls down a meteor to strike it²
• Can destroy buildings²
• With an upgrade, calls down three meteors plus a small planetoid²

Gastro Gun

• A janitor and cook from Crypto's mothership, like Pox he downloaded his consciousness into a floating hologram unit outfitted with weapons. It shoots powerful energy blasts before self-destructing on running out of energy²

Burrow Beast

• Fires a ball of bait which can me moved about through telekinesis, luring out a large worm-like creature to burrow along the ground, erupting out to eat people²

Ball Lightning

• Shoots a floating ball of electricity which zaps all nearby enemies^BWU
• Can charge the Big Willy mech^BWU

Zombie Gun

• Turns enemies into zombies^BWU

Shrink Ray

• Fires blasts which shrink what they hit, be them enemies or objects^BWU

Superballer

• Shoots a ball which streams a rainbow behind it, homing in on enemies as it bounces around^PotF
• Carries enemies with it^PotF

Venus Human Trap

• Spawns a large, man-eating plant where it shoots^PotF
• Its vines can lift a police car^PotF
• Only one can be active at a time, lest they attack each other^PotF

Black Hole Gun

• Creates a miniature black hole where it shoots, sucking in nearby objects and obliterating them before disappearing shortly after. It is used to destroy to large, thick metal doors^PotF
• Destroys a generator^PotF

Other Gear

Jetpack

• Expands from his back, letting him fly up a distance before stopping to prevent the jetpack from disastrously overheating. While not propelling him up, allows him to glide and slow his descent
  • Can be improved to give him much greater flight time before needing to cool down and glide^PotF
• Lets Crypto dash forwards a short distance
  • Can deflect projectiles and send massive enemies flying
• Through the Supra Kinetic Antigrav Thrust Enhancer (S.K.A.T.E.), Crypto combines thrust from the jetpack with psychic energy around his feet to float around at high speed along solid and semi-solid surfaces

Holopox

• A floating holographic communicator Pox uses to communicate with Crypto, either remotely or due to him having downloaded his consciousness into it from Destroy All Humans 2 onwards
• Has a weapon that seemingly obliterates a furon^PotF
• Creates a hologram of a film projector, which then somehow projects a film onto a screen

Saucer

In Path of the Furon, after getting drunk and crashing his original flying saucer in his casino, Crypto was gifted a new one by Pox after getting back in action. Its capabilities are mostly the same, but unless that saucer or a composite saucer is specified while using Crypto feats marked PotF should be excluded.

Shield

Like Crypto, the saucer has a shield which protects it from damage and will be destroyed if hit when depleted. It also can be upgraded to be briefly invincible after taking a hit. Unlike Crypto's, the ship's shield doesn't automatically regenerate, instead needing to drain energy from vehicles to do so, whether they just be nearby or being held in its abduct-o-beam²

• In a cutscene, has an atomic bomb explode nearby it
  • Said bomb was labelled as being 10,000 MT
• Shot by tanks
• Can take direct hits from missiles and anti-aircraft guns

Repulse-O-Tron

• Emits an energy pulse from the saucer, destroying nearby missiles
• With an upgrade, can repel projectiles back to whoever fired them

Abduct-O-Beam

• Raises people into the air, being able to suck them into the saucer²
  • The new saucer can do this en-masse^PotF
• Carries and throws around cars and trucks
• Lifts and throws a tank
• Can transmog abducted vehicles, turning them into ammunition²
• Can be used while cloaked^BWU

Cloak

• Turns the Saucer invisible²
• Can instead disguise it as a blimp^BWU

Weapons

Object Destruction
These can be done by any attack in their respective games, either with an extended Death Ray (as shown in most of these) or some other accumulation of damage.

• Instantly destroys blimps²
• Destroys cars and anti-aircraft guns
• Destroys army trucks and tanks
  • Can make them flip high into the air on being destroyed
  • The upgraded Death Ray and other more powerful attacks can instantly destroy tanks^PotF
• Blows up a two storey building
• Levels a large building²
• Blows up a large diner
• Levels a warehouse^BWU
• Blows up a skyscraper with extended damage^PotF
• With a heavy amount of damage, causes the collapse of the Space Dust casino^PotF

Death Ray

• In a cutscene, obliterates a lighthouse with a brief blast
• With a large amount of damage destroys a giant building^PotF
• Can shoot directly down

Sonic Boom

• Shoots powerful blasts of sonic energy
• Sends a tank flying²
• Destroying a vehicle has that vehicle create a large shockwave, which in turn causes vehicles they destroy to make large shockwaves
• Blasts can be surrounded by a vortex which sucks in missiles and other projectiles, adding their damage to the boom's blast

Quantum Deconstructer

• Shoots a green blast of energy which expands on contact, dealing incredible damage and being able to instantly blow up buildings
• Objects and buildings destroyed by it have a chance of being transmogrified into ammo

Anti-Grav Field

• Creates a spot which has everything in the immediate area float and gravitate towards it²

Electro-Cone

• Creates a field of electricity around the saucer, striking targets below with bolts of electricity^BWU
• Quickly fries and destroys trucks^BWU

Seeker Drones

• Projectiles which lock onto potentially multiple targets, homing in on them when fired^PotF

Plasma Cannons

• Shoots rapid fire energy blasts^PotF

Tornadotron

• Creates a tornado that Crypto can control around, also being the only weapon he can use while cloaked^PotF

Other

• Gets zapped by a large Tesla coil, deactivating it and causing it to crash, but it still functions when Crypto re-obtains it
• Quickly flies from the upper atmosphere down to Earth
• Can slowly lower and raise Crypto to and from the ground
• Seems to restrain a person underneath it with energy around the limbs, also being able to flip them in the process
• Can blend the genes of abducted humans to improve the effects of the saucer and Crypto in various ways, such as letting him body snatch certain types of people faster²
• Has an experiment table inside of it^PotF
• Contains a Jump Probe, which greatly hurts anyone inside of it while seemingly rapidly aging them, used as a torture device to extract info
• Its fuel cells, if breached with explosives a few blocks away from the White House, could level the entire city
  • In Path of the Furon, the saucer runs on furon super go-go sludge or, in lieu of that, radioactive waste^PotF
• In Destroy All Humans! 2 and Path of the Furon, the saucer can only land at sites designated by statues to the old furon god after fulfilling their task^PotF

Big Willy

Big Willy is the fast food chain Pox set up to dispose of the corpses Crypto left behind while turning a profit on the side. Each of their 500 locations (or at least the three locations seen) have a giant statue of its mascot outside of it, which is actually a mech suit Crypto can pilot.

Physicals

• Jumps in to where Crypto is^BWU
• Makes a vehicle-moving shockwave on jumping^BWU
• Uproots and throws a tree^BWU
• Lifts and throws cars^BWU
• Picks up and throws a large stone pillar with it shattering on impact^BWU
• Picks up and throws tanks^BWU
  • A better view of the possible distance^BWU
• Has a thrown rock shatter on it^BWU
• Can be shot by a tank which immediately before leveled a warehouse in a single shot, with the tank's driver asking what the mech's made out of^BWU

Abilities

Regurg-A-Tron

• Sprays green liquid from the mouth, damaging anything in front of it^BWU

Heat Beams

• Shoots lasers from his eyes, which with extended blasts can level buildings^BWU

Wind Breaker

• Releases a burst of gas all around Big Willy, causing heavy damage^BWU

Other

• When Big Willy gets hit, it loses energy. It can also be deactivated for a time through an EMP blast^BWU
• Can be recharged through Crypto's electric weapons hitting a device which comes out of its back^BWU
  • Also recharges through consuming brains^BWU

Weaknesses

• Is notably weak to water, with it rapidly draining his shield and potentially killing him
  • Water acts as acid to furons
  • In Big Willy Unleashed, it instantly kills him on contact^BWU
  • He no longer takes any form of damage with water in Path of the Furon^PotF
• Electromagnetic pulse emitters can stop his equipment weapons and jetpack from working^BWU
• EMP mines deal damage and temporarily deactivate his weapons
• When some humans had their latent furon DNA activated, they could hurt Crypto with the equivalent of mental screaming

Other

• Has a vision augmentation that connects his weapons to his cerebral cortex, allowing him to lock onto enemies
  • Can easily switch his lock on between enemies
• Attaches a helmet to his suit to survive on the moon²
• In Big Willy Unleashed, whenever Crypto dies it's said his genetic material is quickly replicated and cloned, being able to continue the mission immediately. However, a new clone isn't canonically made until between Big Willy Unleashed, and this doesn't appear representative of the process in the rest of the games^BWU

"You two-bit tin horn petty tyrant! I fart bigger than you! You think just because you can keep a few depressed peasants in line you can go toe to toe with me? I'm the king of the world! The master of disaster! The baddest dude in the whole damn town! King Kong ain't got nothing on me!"

TL:DR

• This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
• This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
• The second part (already released, you can read it here - but get through part 1 first :) ) will go in depth to explore the question “Can we 10x from here?”
• DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
• I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.

Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:

1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.

As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

TL:DR

• This is Part 1 of my two part deep dive on DraftKings (Ticker: DKNG, I will refer to the company as “DK”)
• This first part introduces you to (1) me, (2) the company, (3) my thesis on the company, and (4) digs into how they make money.
• The second part (to be released later this week) will go in depth to explore the question “Can we 10x from here?”
• DK is an exciting, disruptive company working to change how we experience watching sports and make it better.
• I am not a financial advisor and this is not investment advice. These are just my opinions to help facilitate learning and discussion.

Hello, welcome to my first deep dive write up.
My name’s Mark and I’m an accountant with a passion for investing. About two years ago, I used to work as an auditor at a public accounting firm and have been behind the scenes at many different publicly traded and privately held companies in the U.S. My goal is to bring my unique perspective from that past experience, my current experience working in a new role at a large corporation, and my understanding of accounting to help break down some of the most exciting growth stocks on the market today.
I’m a long-term investor. I am focused on finding great companies and holding them for a long time. I’m willing to endure volatility, crazy price drops, and everything that comes with this approach as long as the facts that led me to originally invest and believe in that company have not changed. If you want to learn more about this approach. I recommend reading the book “100 Baggers” by Chris Mayer.
Introduction
I think it’s fitting that my first stock pick has to do with sports. Sports has been a part of my life since I could walk at the age of 2. First with baseball and soccer, and then later in my childhood with golf. I’ve always played American football and basketball for fun as well and have always been an avid fan of all the major sports in the US.
I started playing fantasy sports (mostly just fantasy football) about 6 years ago and have always enjoyed it. Traditionally, with fantasy football you draft a team at the beginning of the year and those are your players for the rest of the season. If you have a bad draft, oh well. You can try to improve your team with trades and free agent additions but it is tough. Leagues usually consist of 10-14 teams (each managed by an individual) and there’s obviously only one winner at the end of the season (about 4 months after the draft). This can lead to the managers of the lower performing teams losing interest as the season wanes on. I believe DraftKings’ (DK) founders saw this issue and saw an opportunity. Enter, daily fantasy sports. Now, with the DK platform you can draft a new team every week. Or if you want, every day. This allows fans of fantasy sports to engage at whichever point of the season they want and at varying financial stakes.
The Thesis Statement
For every stock pick I make, I want to provide a quick thesis statement that can serve as a reminder for why I’m buying and holding that stock for the long term. I’ll always aim to make it just a few sentences long so it can easily be remembered and internalized. This helps during times when the price may sporadically drop and you need to remember why you’re holding this position.
The thesis statement I have come up with for DK is as follows:
“DraftKings: The leader in allowing fans to engage financially with their favorite sports, teams, and players. Having money at stake makes the game a lot more interesting to watch. The era of daily fantasy sports games, online sports betting, and online betting (outside of sports), is just getting started and DK is as well positioned (or better positioned) than anyone to capitalize off of this trend.”
Notice how I said “allowing fans to engage financially” as the first sentence and not necessarily “allowing fans to gamble”. There’s a reason for that. According to US Federal Law, Daily Fantasy Sports (DFS) contests have specifically been exempted from the prohibitions of the Unlawful Internet Gambling Enforcement Act (UIGEA). DK has always been, and I believe will continue to be DFS contests 1st, sports betting 2nd, and other forms of gambling/entertainment 3rd. It is noteworthy that states at an individual level can still deem DFS contests illegal if they so wish, but as of this writing (11/26/20), 43 of the 50 US States allow DFS contests and DK, accordingly, is offering DFS contests in all 43 of those US States.
I’ll try to clarify the difference between DFS contests and sports betting real quick:
DFS Contest – Pay a pre-set entry fee to enter a contest. All entry fees go towards “The Pot”. “Draft” 9 players to be on your “Team” for 1 week. Enter your “Roster” into a contest with other players (could range from 1 other person to 1,000s of people, the DK user can choose). Whichever “Roster” amasses the most points for that week out of all contestants wins. The winner will get the highest payout, and depending on the nature of the contest, other top finishers will receive smaller payouts as well.
Sports Gambling – Team A is considered a 10 point favorite to defeat Team B. This means that Team A is expected, by the professional gambling line setters, to outscore Team B by 10 points. This is known as a point spread. You can bet on the underdog or the favorite. If you bet on the favorite, they have to win by more than 10 points for you to win the bet. If you bet on the underdog, you will win the bet as long as the underdog keeps the game within less than a 10 point defeat.
These are just a couple simple examples to help you see the difference. Sports Gambling (the 2nd priority of DK) is a very lucrative market just as the DFS contests are. However, in the US, Federal Laws and regulations are a lot stricter on Sports Gambling than they are on DFS. As of this writing (11/27/20), 22 states (including the District of Columbia) out of 51 possible allow sports gambling.
DK is still in the infancy stages of getting their sports gambling business going. In the 22 states where they could potentially operate, they currently have a sports gambling offering in 11 of those states. The sports gambling business model for DK can be broken into two main offerings – mobile sports betting, and retail sports betting. Mobile sports betting means you can place a sports bet online from the comfort of your own home, while retail sports betting means you must go to a casino and place a bet with the sportsbook in person. I personally believe mobile sports betting is the real potential cash cow for DK out of the two types of sports betting offerings due to the convenience and ease of access. DK is currently working on and encouraging customers to lobby their state lawmakers to legalize sports gambling in more states.
How DK makes money
At the very least, before you invest in a company, you better understand how they make money. In Chris Mayers’ excellent book, 100 Baggers, that I mentioned above, he continually references top line revenue growth as one of the main common indicators of a possible 100 Bagger. This isn’t to tell you that any stock I pick will be a 100 Bagger just because it has great top line revenue growth, but if I am looking at a growth stock to hold for the long term, revenue growth is one of the first things I look at.
For DK, their means of making money is quite simple. I already went into detail above about DFS Contests and Sports Gambling. In DK’s latest 10-Q filing with the SEC (filed 11/13/20), revenue is broken out into two main streams: Online Gaming and Gaming Software.
Online Gaming (82% of Total Revenue for 9 months ended 9/30/20):
Online gaming is the true core business of DK and includes the aforementioned DFS Contests, Sports Gambling and additional gambling (non-sports) opportunities. DK refers to their additional gambling (non-sports) as “iGaming” or “online casino”.
For the 9 months ended 9/30/20, Online Gaming revenue totaled $239M, up 30% YoY from $184M in the same prior year period. Keep in mind, that this is an increase that happened during a COVID-19 global pandemic that delayed and shortened many professional sports seasons.
Online gaming revenue is earned in a few ways that are slightly different, but very similar overall. In order to enter a DFS contest, a customer must pay an entry fee. DFS revenue is generated from these entry fees collected, net of prize payouts and customer incentives awarded to users. In order to place a sports bet (sports gambling), a customer places a wager with a DK Sportsbook. The DK Sportsbook sets odds for each wager that builds in a theoretical margin allowing DK to profit. Sports gambling revenue is generated from wagers collected from customers, net of payouts and incentives awarded to winning customers. The last form of online gaming revenue is earned in similar fashion to a land-based casino, offering online versions of casino games such as blackjack, roulette, and slot machines.
Gaming Software (18% of Total Revenue for 9 months ended 9/30/20):
While the Online Gaming revenue stream mentioned above is a Business to Consumer (B2C) model, the Gaming Software revenue stream is a Business to Business (B2B) model. The Gaming Software side of the business was born out of the acquisition of SBTech, a company from the Isle of Man (near the UK) founded in 2007 that has 12+ years of experience providing online sports betting platforms to clients all over the world. The acquisition occurred as part of the SPAC driven IPO in April of 2020 that combined “the old DK company” with SBTech so that they now are “the new DK company” listed as DKNG on the NASDAQ. SBTech is a far more important part of the story than just being 18% of today’s revenue. The reason for this is because DK will eventually (planned mid-late 2021) be migrating all of their DFS and gambling offerings onto SBTech’s online platforms. Currently, for DFS, DK uses their own proprietary platform but that will move to SBTech with the migration. Currently, for online gambling, DK uses Kambi, the same online gambling platform that services Penn Gaming (PENN), a DK rival. But that’s enough about the software migration for now, back to the Gaming Software revenue.
The Gaming Software revenue stream for DK is essentially a continuation of SBTechs’ B2B business model. DK contracts with business customers to provide sports and casino betting software solutions. DK typically enters two different type of arrangements with B2B customers when selling the gaming software:
​

1. Direct Customer Contract Revenue: In this type of transaction, the software is sold directly to a business (casino for example) that wants to use the software for their own gambling operations. This revenue is generally calculated as a percentage of the wagering revenue generated by the business customer using DK’s software and is recognized in the periods in which those wagering and related activities conclude.
2. Reseller Arrangement Revenue: In this type of transaction, DK provides distributors with the right to resell DK’s software-as-a-service offering to their clients, using their own infrastructure. In reseller arrangements, revenue is generally calculated via a fixed monthly fee and an additional monthly fee which varies based on the number of gaming operators to whom each reseller sub-licenses DK’s software.

As mentioned above, SBTech was an international company based in the Isle of Man before being acquired by DK. Thus, the majority of their business in their first 12 years of operating independently has always been international and outside of the United States. This has helped DK, which has historically been US focused, expand it’s international reach.
A perfect example of expanding this international reach occurred recently during October (technically Q4) in which DK’s B2B technology (powered by SBTech) helped enable the launch of “PalaceBet”, a new mobile and online sportsbook offering from Peermont, a South Africa based resort and casino company. The deal was headed by DK’s new Chief International Officer, Shay Berka, who previously spent 10 years working for SBTech as CFO and General Manager. Mr. Berka took on the role of DK’s Chief International Officer upon the merger in April earlier this year. I think this deal shows that DK has integrated SBTech and it’s business very well into the larger business as a whole. They are not wasting any time using their newly acquired resources to expand their reach and bring in new sources of revenue.
This is the end of my first article about DK. My goal is to drop Part 2 later this week. The focus of Part 2 will be an in depth answer of the question – “Can we 10x from here?”
Disclosure: I am/we are long DKNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

This subreddit is now being moderated and this will no longer be a safe haven for the scammers and burner accounts that were previously overrunning it. As of now, the new rules are set in place to reduce the number of scammers that frequent this subreddit on a daily basis. Please see below for a rundown of the new rules, these can also be found listed in the sidebar (or in the app, tap about). This is a rule as of 12/1/2020.

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"Some Simple tips for CD devs to make CP2077 feel more alive in upcoming DLCs (Please read)
First off, this game was an aesthetic treat and compared to GTAV, it is indeed much more "dense" with the core areas so much more beautiful in that regard... But no game is perfect, nor is it realistic in this decade to expect a full "city simulator" for any dev or in any game, so that's not what I'm expecting out of Night City not even under the most ideal of circumstances... That said, there are plenty of room for improvement, bug fixes sure, but also beyond that I'd like to see more in the upcoming DLC's that make NightCity more alive, not even necessarily newer and larger maps, but just practical added-elements and additional functional components that would go a long way towards making the city appear more 'alive', and immersive and dynamic and all that was illuded to but never fully manifested...
So in terms of most bang for buck and the low-hanging fruit (80/20 principle):

TRANSPORTATION

1) Bring back (or rather develope for the first time) the promised subway system... this shouldn't be that hard to do... it would add an element of connectivity of the different parts of the city... Leave fast travel as an option, for those that want to ride the train shouldn't be forced to use loading screens
2) Air taxi(s) -- in the age of Telsa self driving cars, hyperloops, drone taxis we should have plenty of automated air taxi options in the world of CP2077, basically like the taxi hailing component in GTAIV (Liberty City) except the player can hail an air taxi that lands close to where he is standing, he gets in, and then chooses any destination and it automatically flys him to the location, while allowing him to look out the windows and enjoy the night city from above / higher perspective... this is simplier than simply giving the player ability to fly hovercars/etc since an air taxi is just from point to point and its trivial to code a system that flys the player from any point in the city to any other point without crashing into any buildings... we've seen NightCity from the ground, now lets see it from the sky!
3) Rented transporation -- user pays to be able to rent jet packs, hoverboards, scooters at different locations in the city so he can use a public transportation but on a personal level... for the jet packs cap a max height so that its still basically hovering at or around slightly above ground level, giving the user the discretion of travel but not allowing him to fly or scale above buildings etc... this requires money to rent and if the equipment is damaged, lost, stolen or not returned properly the users bank account will be deducted for the amount ( see #ECONOMY)

INTERIORS

1) Skyscrapers with observation deck -- in every major city there is a theme like this, take Seattle for example you can visit the tallest building in Seattle downtown and go up on the obs deck and see the city view from high above, I would say incorporate some options like this where user can enter some of the taller buildings in NightCity, ride up the elevator to the higher decks and see the city from that view... maybe even add a floor with fine dinning where user can take a friend/date/group to the restuarant and eat while enjoying watching the scenery of the nightcity below etc...
2) All major buildings enter-able (is that a word? lol) with at least a ground lobby.... right now most of the buildings are just fake exteriors, nice to look at from the outside but completely fake and empty with no insides... Due to system restrains its not practical to simulate every room of every floor of every building in nightcity with furnished interiors and real windows and all that... but at least make the first floor /lobby area of every large and major building enter-able so that the character can walk in and out of them... for certain buildings you may want to make a working/functional lobby elevator that leads to an underground garage and/or allows the user to ride the elevator to above ground higher floors of the building... or have the elevator only allow certain floors to be accessed and furnish these floors with realistic settings/environment and this can tie in nicely with the job/work/career paths discussed in #ECONOMY section with gives you the office space to put a number of companies in which the user can find and switch jobs and work in corporate paths etc... for example allow the user to customize and decorate his own "office/desk", and if he has a window office, then that would provide another unique view/scenery of nightcity from above ground perspective, one that can only be gotten from working at that particular company/job, and gives him an incentive to work late to see the city from nighttime while burning the midnight oil
3) Multiple apartments, the user should be able to pick and choose from a vast selection and array of living arrangements and this necessities a lot of hotel/condo/apartment options which means these buildings need to have interiors and furnished and environments fully built out...

ECONOMY

1) Ability to find and work a job, with multiple career paths and with ability to move up in the corporate world... this provides the user with a stead stream of income for which he can use to buy fancier cars, to move into newer and better apartments /condos etc.. and to buy fancier items like designer cloths and the suches... not to mention to spend on fine dinning in high end restuarants which can tie in nicely with going on datings, impressing women with luxury cars and expensive meals and "date nights out" at elaborate events.... basically there has to be a purpose and meaning to making more money, and the process of making more money has to be derived from a job or work or career of some sort as the main component...
Have a real economy with unemployment, inflation, commodity prices, and all of that impact and influence and affect the user in his everyday life... for example if a major terror event or pandemic causes the Nightcity to suffer an economic depression for a few months then its possible the company that the user is working at has to lay off people and he gets canned and has to downsize to a smaller apartment, loses his girlfriend/wife, and then has to find another lower paying job and stuck in the downward cycle for a few years until he is able to win the lottery (#GAMBLING/SPECUTLATION/BETTING) or his luck somehow changes...
Everything should cost money, it costs money to rent an apartement and it should also cost money to eat and drink... basically he user has to spend money to eat otherwise he will starve to death... and the user has to keep paying rent every month for whatever apartment he resides otherwise he gets evicted and could even become homeless and have to live in one of those nasty tents in tenty city or under a highway bridge etc etc
Grocery stores, restuarants, movie theaters, hotels, and shopping malls... There should be at least a few convinennce stores, shopping malls, restuarants and other retail places spread throughout nightcity, this is a component and element of the economy as well as a means for the user to spend all the hard earned money he worked towards... for example if you give a homeless a few bucks he should be able to use it to spend at a store on the corner to get something to eat and then that makes him happy because he is no longer so hungry... there should be a tie in for economy, money, and the ability to exchange that for goods and services (barber, tatto artists cough cough) and associate these goods and services to emotional feelings of happiness and satisfication for both the user /player and the NPCs...

SEASONS

There should be a distinction between autumn/fall, spring, summer, winter etc... This gives a big cycle sense of passage of time that cannot be simulated with the current day/night cycles along... in the winter the sun should rise and set at different times/angles than the summer...
In addition, I'd like to see an accurate night sky map/ stars. NightCity takes place in SoCal, its trivial to map the nightsky for the year 2077 in the SoCal area... even in the latest Flight Simulator 2020 the stars are now accurate at night...
Ability to choose LIVE weather based on current user location (see Flight Simulator) so say its raining in Dallas Texas where a user is playing, then in NightCity it will match that and we raining in the game as well... also ability to customize weather on-the-fly in real-time (see Microsoft Flight Simulator 2020) and have that instantly change in the game without reloading...
Along with seasons I'd like to be able to see holiday celebrations for example Christmas time espeically... I want to hear holiday music and see buildings decorated with Christmas lights and the jolly spirits of it all... Think the ambiance and environment of say Polar Express, bring that alive to Night City for Xmas...

MINI GAMES and other Microcosm

There is a "Go" board in Chinatown... but its fake... and the players aren't even attempting to play Go... See what Google Deepmind did with AlphaGo, Facebook made an OpenGo that they open sourced... there is also LeelaZero and KataGo free AI engines that have already been trained using deeplearning/machineAI to be far better than the Go masters... the same applies to Chess by the way... but I didn't see a Chess board in Night City yet... in any case all these board games the computer AI can now master... make these games playable in NightCity, so the user can watch two NPC's play a round of Go/Chess/etc (Ai vs Ai) or can join and sit down and take a seat and play against an NPC a real game of Go/Chess, (or in the future if CP gets a multiplayer than humans can play against one another etc) basically a microcosms and games-within-a-game....
Spotify/Netflix/youTube integrations... I'd like to see the user have a portable/personal mp3 player or app on his virtual smartphone that allows him to link to his personal -reallife- spotify account to listen to music while in the game... also on the TV screens at home to be able to watch netflix movies while in this virtual apartment chilling with his date/friends... and things like YouTube integration would be nice... maybe even pornhub integration....
Other simple games like darts, bowling and even toys like RC cars or DJI drones... give the use the ability to fly drones (check out DJI Simulator) or operate rc model cars etc... basically toys that he can buy at electronic stores or corner outlets that he can then use these toys in real life for any variety of enjoyments... this also ties into #ECONOMY and why its important to have a good job /career that pays good money!

GAMBLING/SPECUTLATION/INVESTMENTS/BETTING

Have some form of virtual casinos in the game, NightCity reminds me of Vegas, yet not one slot machine and not one means to gamble or bet? How about the ability to play the stockmarket, bitcoins, and make bets and well as go gambling, cards, poker, etc this not only provides a form of entertainment but also gives the user a way to quickly win / lose a lot of money and for the risk takers they may wish to invest their money in high risk high reward speculative stocks in the stock market instead of immediately spending it on a new apartment, new car, new tech gadget etc etc... this would also tie back to #ECONOMY since the more the user earns the more income he has to spend on gambling/stocks and the better the economy does the higher his stocks return on investment...

ROMANCE/RELATIONSHIPS

Should be able to court any pretty woman on the streets, to walk up to her and say hi and have a path/chance to a dialogue that leads to setting up a first date... and following that if it goes well can progress to more dates and evetnually her moving in with the user and eventually even having a kid, getting married, and the works... each female NPC should have a male preference and a threshold of compatiblity... so that for example if on the first date the guy is cheap and takes her to low end resturant, doesn't have a nice car to pick her up with, and otherwise seems like a low life then she wouldn't process/continue with him... whereas if he is already established with a multimillion apartment, supercar, takes her to most expensive restuarant in NightCity, then I could see her going back to his place on the first date and maybe even getting pregnant right then and there that night etc..."

First off, this game was an aesthetic treat and compared to GTAV, it is indeed much more "dense" with the core areas so much more beautiful in that regard... But no game is perfect, nor is it realistic in this decade to expect a full "city simulator" for any dev or in any game, so that's not what I'm expecting out of Night City not even under the most ideal of circumstances... That said, there are plenty of room for improvement, bug fixes sure, but also beyond that I'd like to see more in the upcoming DLC's that make NightCity more alive, not even necessarily newer and larger maps, but just practical added-elements and additional functional components that would go a long way towards making the city appear more 'alive', and immersive and dynamic and all that was illuded to but never fully manifested...
​
So in terms of most bang for buck and the low-hanging fruit (80/20 principle):
​
In real life there is a sense of interconnecitivity and permanance... NightCity doesn't have this and is just a disconnected Hodgepodge of static elements that have no effect on one another... for example I should be able to balance the transportation cost of getting to work versus the career path that I want and the amount of money I'm making and taking into account my net worth... it wouldn't make sense for me to accept an entry level position that requires hours of commute every morning when I'm living on the other end of town... and on the otherhand if I'm processed to a VP making bigly bucks I can afford to take the automated air taxi every morning to work in central business district and still live outside by the beautiful beachfront property etc... likewise a downturn in the economy will affect my company and I could get laid off or no bonus for the year, or if I'm working a gig job that is seasonal then come spring I wouldn't need to find a second side gig to make up for the loss of income... and all of that ties into what kind of loft I can afford, what kind of car I can buy/lease/rent and the food I can eat (tv dinner vs fine dining) and the cloths that I can put in my back which affects the sort of women on the street that I can radnomdly hit on and get intro interested into d going on a date with me etc etc etc... its all interconnected and has a continuation that affecst so much more than just mindless NPCs spawning and despawning right in front on my eyes...
​
#TRANSPORTATION
1) Bring back (or rather develope for the first time) the promised subway system... this shouldn't be that hard to do... it would add an element of connectivity of the different parts of the city... Leave fast travel as an option, for those that want to ride the train shouldn't be forced to use loading screens
2) Air taxi(s) -- in the age of Telsa self driving cars, hyperloops, drone taxis we should have plenty of automated air taxi options in the world of CP2077, basically like the taxi hailing component in GTAIV (Liberty City) except the player can hail an air taxi that lands close to where he is standing, he gets in, and then chooses any destination and it automatically flys him to the location, while allowing him to look out the windows and enjoy the night city from above / higher perspective... this is simplier than simply giving the player ability to fly hovercars/etc since an air taxi is just from point to point and its trivial to code a system that flys the player from any point in the city to any other point without crashing into any buildings... we've seen NightCity from the ground, now lets see it from the sky!
3) Rented transporation -- user pays to be able to rent jet packs, hoverboards, scooters at different locations in the city so he can use a public transportation but on a personal level... for the jet packs cap a max height so that its still basically hovering at or around slightly above ground level, giving the user the discretion of travel but not allowing him to fly or scale above buildings etc... this requires money to rent and if the equipment is damaged, lost, stolen or not returned properly the users bank account will be deducted for the amount ( see #ECONOMY)
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#JOBS/CAREERS/WORK/EDUCATION/GIGs
Ability to work a day job to earn steady money and climb a career ladder by taking courses or going to school at night... ability to go on the nightcity job boards or online to hunt and interview for other jobs... to change industries and do other jobs... to participate in the Gig economy... like drive around in some version of ubereats delivering food or packages to people... or a corporate desk job thats basically on the computer all day... for corporate day jobs the game should give the user the ability to fastforward just like he can go to bed and fast forward for eight hours etc....
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#INTERIORS
1) Skyscrapers with observation deck -- in every major city there is a theme like this, take Seattle for example you can visit the tallest building in Seattle downtown and go up on the obs deck and see the city view from high above, I would say incorporate some options like this where user can enter some of the taller buildings in NightCity, ride up the elevator to the higher decks and see the city from that view... maybe even add a floor with fine dinning where user can take a friend/date/group to the restuarant and eat while enjoying watching the scenery of the nightcity below etc...
2) All major buildings enter-able (is that a word? lol) with at least a ground lobby.... right now most of the buildings are just fake exteriors, nice to look at from the outside but completely fake and empty with no insides... Due to system restrains its not practical to simulate every room of every floor of every building in nightcity with furnished interiors and real windows and all that... but at least make the first floor /lobby area of every large and major building enter-able so that the character can walk in and out of them... for certain buildings you may want to make a working/functional lobby elevator that leads to an underground garage and/or allows the user to ride the elevator to above ground higher floors of the building... or have the elevator only allow certain floors to be accessed and furnish these floors with realistic settings/environment and this can tie in nicely with the job/work/career paths discussed in #ECONOMY section with gives you the office space to put a number of companies in which the user can find and switch jobs and work in corporate paths etc... for example allow the user to customize and decorate his own "office/desk", and if he has a window office, then that would provide another unique view/scenery of nightcity from above ground perspective, one that can only be gotten from working at that particular company/job, and gives him an incentive to work late to see the city from nighttime while burning the midnight oil:)
3) Multiple apartments, the user should be able to pick and choose from a vast selection and array of living arrangements and this necessities a lot of hotel/condo/apartment options which means these buildings need to have interiors and furnished and environments fully built out...
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#ECONOMY
1) Ability to find and work a job, with multiple career paths and with ability to move up in the corporate world... this provides the user with a steady stream of income for which he can use to buy fancier cars, to move into newer and better apartments /condos etc.. and to buy fancier items like designer cloths and the suches... not to mention to spend on fine dinning in high end restuarants which can tie in nicely with going on datings, impressing women with luxury cars and expensive meals and "date nights out" at elaborate events.... basically there has to be a purpose and meaning to making more money, and the process of making more money has to be derived from a job or work or career of some sort as the main component...
2) Have a real economy with unemployment, inflation, commodity prices, and all of that impact and influence and affect the user in his everyday life... for example if a major terror event or pandemic causes the Nightcity to suffer an economic depression for a few months then its possible the company that the user is working at has to lay off people and he gets canned and has to downsize to a smaller apartment, loses his girlfriend/wife, and then has to find another lower paying job and stuck in the downward cycle for a few years until he is able to win the lottery (#GAMBLING/SPECUTLATION/BETTING) or his luck somehow changes...
3) Everything should cost money, it costs money to rent an apartement and it should also cost money to eat and drink... basically he user has to spend money to eat otherwise he will starve to death... and the user has to keep paying rent every month for whatever apartment he resides otherwise he gets evicted and could even become homeless and have to live in one of those nasty tents in tenty city or under a highway bridge etc etc
4) Grocery stores, restuarants, movie theaters, hotels, and shopping malls... There should be at least a few convinennce stores, shopping malls, restuarants and other retail places spread throughout nightcity, this is a component and element of the economy as well as a means for the user to spend all the hard earned money he worked towards... for example if you give a homeless a few bucks he should be able to use it to spend at a store on the corner to get something to eat and then that makes him happy because he is no longer so hungry... there should be a tie in for economy, money, and the ability to exchange that for goods and services (barber, tatto artists cough cough) and associate these goods and services to emotional feelings of happiness and satisfication for both the user /player and the NPCs...
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#SEASONS
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There should be a distinction between autumn/fall, spring, summer, winter etc... This gives a big cycle sense of passage of time that cannot be simulated with the current day/night cycles along... in the winter the sun should rise and set at different times/angles than the summer...
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In addition, I'd like to see an accurate night sky map/ stars. NightCity takes place in SoCal, its trivial to map the nightsky for the year 2077 in the SoCal area... even in the latest Flight Simulator 2020 the stars are now accurate at night...
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Ability to choose LIVE weather based on current user location (see Flight Simulator) so say its raining in Dallas Texas where a user is playing, then in NightCity it will match that and we raining in the game as well... also ability to customize weather on-the-fly in real-time (see Microsoft Flight Simulator 2020) and have that instantly change in the game without reloading...
Along with seasons I'd like to be able to see holiday celebrations for example Christmas time espeically... I want to hear holiday music and see buildings decorated with Christmas lights and the jolly spirits of it all... Think the ambiance and environment of say Polar Express, bring that alive to Night City for Xmas...
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#MINI GAMES and other Microcosm
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There is a "Go" board in Chinatown... but its fake... and the players aren't even attempting to play Go... See what Google Deepmind did with AlphaGo, Facebook made an OpenGo that they open sourced... there is also LeelaZero and KataGo free AI engines that have already been trained using deeplearning/machineAI to be far better than the Go masters... the same applies to Chess by the way... but I didn't see a Chess board in Night City yet... in any case all these board games the computer AI can now master... make these games playable in NightCity, so the user can watch two NPC's play a round of Go/Chess/etc (Ai vs Ai) or can join and sit down and take a seat and play against an NPC a real game of Go/Chess, (or in the future if CP gets a multiplayer than humans can play against one another etc) basically a microcosms and games-within-a-game....
Spotify/Netflix/youTube integrations... I'd like to see the user have a portable/personal mp3 player or app on his virtual smartphone that allows him to link to his personal -reallife- spotify account to listen to music while in the game... also on the TV screens at home to be able to watch netflix movies while in this virtual apartment chilling with his date/friends... and things like YouTube integration would be nice... maybe even pornhub integration....
Other simple games like darts, bowling and even toys like RC cars or DJI drones... give the use the ability to fly drones (check out DJI Simulator) or operate rc model cars etc... basically toys that he can buy at electronic stores or corner outlets that he can then use these toys in real life for any variety of enjoyments... this also ties into #ECONOMY and why its important to have a good job /career that pays good money!
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#GAMBLING/SPECUTLATION/INVESTMENTS/BETTING
Have some form of virtual casinos in the game, NightCity reminds me of Vegas, yet not one slot machine and not one means to gamble or bet? How about the ability to play the stockmarket, bitcoins, and make bets and well as go gambling, cards, poker, etc this not only provides a form of entertainment but also gives the user a way to quickly win / lose a lot of money and for the risk takers they may wish to invest their money in high risk high reward speculative stocks in the stock market instead of immediately spending it on a new apartment, new car, new tech gadget etc etc... this would also tie back to #ECONOMY since the more the user earns the more income he has to spend on gambling/stocks and the better the economy does the higher his stocks return on investment...
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#ROMANCE/RELATIONSHIPS
Should be able to court any pretty woman on the streets, to walk up to her and say hi and have a path/chance to a dialogue that leads to setting up a first date... and following that if it goes well can progress to more dates and evetnually her moving in with the user and eventually even having a kid, getting married, and the works... each female NPC should have a male preference and a threshold of compatiblity... so that for example if on the first date the guy is cheap and takes her to low end resturant, doesn't have a nice car to pick her up with, and otherwise seems like a low life then she wouldn't process/continue with him... whereas if he is already established with a multimillion apartment, supercar, takes her to most expensive restuarant in NightCity, then I could see her going back to his place on the first date and maybe even getting pregnant right then and there that night etc...