Bill King
Senior Writer at Sports Business Journal
Senior Writer at Sports Business Journal. Now immersed in the emerging story of US sports betting. Reader, writer, occasional 'rithmeticker. Husband and Dad.
Articles
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1 week ago |
sportsbusinessjournal.com | Bill King
As a pre-med major at Penn, Andrea Ellis briefly put her affinity for numbers and passion for basketball to work trading what are now known as prediction contracts through an offshore website. Tracking NBA trends on a spreadsheet and opting in and out of bets as she saw opportunities, Ellis had no idea the diversion would help her pivot from a planned career in medicine to one in finance, eventually landing in the role of CFO at Fanatics Betting & Gaming.
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1 week ago |
sportsbusinessjournal.com | Bill King
The serendipitous move that allowed Jane Normansell to parlay four years selling sponsorships around the Rose Bowl and UCLA athletics into the chance to jump-start sales for the St. Louis Rams when they relocated to Los Angeles was not inspired by the possibility the team would move there. She and husband David relocated to St. Louis in 2014 because his parents lived there and she was intrigued by the chance to work for an NFL franchise.
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1 week ago |
sportsbusinessjournal.com | Bill King
Kate Watson decided she wanted to work in sports while in law school at Case Western, where she was president of the sports and entertainment law society. But graduating into a tight job market in 2011, she chose to prioritize location over sector. She and her then-boyfriend, now-husband both applied at firms in New York.
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1 week ago |
sportsbusinessjournal.com | Bill King
Nine months after wrapping up work on the NBA’s latest landmark national media rights deal, Scott Kaufman-Ross reflected on the early break that accelerated his career down this path. Hired at the league in 2011 after three years as an analyst at Goldman Sachs, Kaufman-Ross raised his hand when his boss said the NBA needed someone to look into two early-stage daily fantasy sports operators.
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1 week ago |
sportsbusinessjournal.com | Bill King
When Illinois legislators instituted a progressive sports betting tax aimed squarely at market leaders FanDuel and DraftKings, beginning last July, it generated $315 million in its first nine months, bringing in nearly 2½ times the $133 million the state collected during the same span the prior year. Those two sportsbooks paid $136 million and $116 million in taxes, respectively, as the effective rate paid by all sportsbooks doubled from 16% to 32%.
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“It is the next chapter and the next iteration (of sports betting) and I think it’s a huge opportunity.” Sara Slane, broker of harmony between sportsbooks and leagues amidst the early the tumult of legal sports betting, has joined disruptor @Kalshi. https://t.co/Ca2r75J0uq
Ex-AGA exec, advisor to leagues and teams Sara Slane has joined sports betting disruptor Kalshi https://t.co/Jpa3qWjuZJ
In this week’s @SBJ Betting newsletter: Is that $20 a bet, an entry fee or an investment? We look at @RobinhoodApp & @Kalshi, the latest to test a fuzzy line. Also: Data from @Optimove shows March Madness bet sizes spiked for Elite 8. And more, here: https://t.co/p35phqO5ub