Question Is Newegg's lottery system for RTX 3000 series cards price gouging? "NEWEGG SHUFFLE"

SeriousGaming101

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Mar 17, 2016
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This is their webpage for the "Newegg Shuffle":
https://www.newegg.com/product-shuffle

Seeing how a RTX 3070's base price is only $499.99 and the "Newegg Shuffle" winners will have to pay $699 or $759.99 + Tax and Shipping
Seeing that RTX 3090 MSRP price is only $1799.99 and the "Newegg Shuffle" winners will have to pay $1939.99 + Tax and Shipping

Do you think Newegg is overcharging (price gouging) the RTX 3000 series in their "Newegg Shuffle"?