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Business of Betting with Jason Trost

We look how the betting industry really runs by interviewing its insiders

A betting podcast about the business side of the betting, wagering and investing world. Hosted by Jason Trost
Latest Episode9/23/2022

E181 - David Purdum from ESPN

Season 1, Ep. 181
In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who’s been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry.  01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN06:24 The road towards the federal legislation: The PASPA journey from 2008, David’s opinionThe wire act and federalisation of Sports betting, the barrier to entry 11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports 17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, FanaticsFollow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch:https://twitter.com/jasontrost
9/23/2022

E181 - David Purdum from ESPN

Season 1, Ep. 181
In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who’s been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry.  01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN06:24 The road towards the federal legislation: The PASPA journey from 2008, David’s opinionThe wire act and federalisation of Sports betting, the barrier to entry 11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports 17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, FanaticsFollow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch:https://twitter.com/jasontrost
9/16/2022

E180 - Jed Corenthal from Phenix RTS

Season 1, Ep. 180
In this episode of the Business of betting, Jason is joined by Jed Corenthal, Chief Marketing Officer at Phenix Real Time Solution. Phenix is a B2B real-time video streaming solutions provider.The pair discussed the space Phenix operates in and how it's impacting the evolution of Sportsbooks.01:35 Introduction - Started in sports, went through entrepreneurship and ended up in OTT at Phenix. What is phenix, what does real time streaming mean04:08 The Secret Sauce: Using content owners, streaming, data providers, Sportsbook integration, distribution system etc. …08:28 Competitive landscape: Growth in the space, being leader in the market10:41 The future of Sports data: real time data and micro betting, moving from a bet & watch to watch & bet model, Sportsbook streaming in the UK vs US15:30 OTT providers v Sportsbook stream: latency, HTTP live streaming, rights distribution, the impact on betting habits, partnerships24:11 Conclusion on US legislationFollow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch:https://twitter.com/jasontrost
7/29/2022

E179 - Sanford Loudon of Oakvale Capital

Season 1, Ep. 179
In this episode of the Business of betting Sanford Loudon joins the show. Oakvale Capital is a leading M&A and advisory firm in the industry. Sanford covers his background, his access to deals, SPACS and shares his opinion on the market. 01:13 His background: From a traditional corporate finance background to gaming advisory; getting access to deals - networking, understanding the space, using his financial foundations 09:40 What are SPACS - Why companies do it, hot it works; the deal with Rush Street Interactive, Valuation and dilution, $10 per share mechanism 29:22 His opinion on the market: Gambling being undervalued32:05 Focus on the US market: Making money; profitability of US operators; online casinos; maturity of the market; UK v. USFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost
7/22/2022

E178 - Nigel Eccles - From Fanduel to Betdex

Season 1, Ep. 178
In this episode of the Business of betting Nigel Eccles joins the show. Nigel covers his early days at Flutter, his entrepreneurial journey with Fanduel, Betdex and entering the Crypto world. Finally, he gives his honest opinion on the industry.01:29 His background: Starting at Flutter, taking over Betfair, Launching Betdaq09:33 His entrepreuneur journey with Hubdub and Fanduel12:30 Why Betfair is not the leader: Mistakes that prevented Betfair to be #115:13 Betfair Post Mortem: Missed on innovation, Marketing failure21:10 FanDuel journey: The success, winning over casinos24:57 Fantasy sports & sports betting: PASPA, his vision on the industry, being industry leader32:36 Building an Exchange in the US: The sophistication of the market, Wire Act and liquidity37:03 Betdex and Crypto: The purpose, the challenge of Ethereum, Solana, platform risk, the business model and liquidityFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost
7/15/2022

E177 - News roundup with Brad Allen

Season 1, Ep. 177
In this episode of the Business of Betting podcast, Brad Allen from Legal Sports Report (LSR) joins Jason Trost to cover and share opinions about the latest industry news. 00:53 Amy Howe talks offshore betting: Making a better product, taxes, offshores books and limits of the market 10:10 Matchbook brokerage service20:00 Openbet retraded price: stocks down 33%, B2B suppliers, change of control clauses Follow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/BradAllenNFLhttps://twitter.com/jasontrost
7/8/2022

E176 - Scott Kaufman-Ross, SVP Gaming & New Business at the NBA

Season 1, Ep. 176
In this episode of the Business of Betting podcast, Scott Kaufman-Ross joins the show. Scott is SVP Gaming & New business at the NBA and talks about how he got his job, how the NBA is very pro betting and monetizes betting, what it sees in the future and how teams can decide who to work with.02:14 How Scott got into the NBA: Starting in Finance, being a fantasy player07:54 The evolution of the industry: The league’s position on sports betting, what the approach should be 14:38 The NBA’s economic system: Revenue, teams 20:26 The League and revenue share with sportsbooks25:22 Sponsorship inventory, activation, level of deals (team vs league), licensing framework, legal and offshore operators 31:05 Betting activity and attention: data attribution, large markets 34:25 Consumption of media: Digital vs linear, customisation, NBA telecast39:00 Injury reports and TransparencyFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost
6/24/2022

E175 - News roundup with Brad Allen

Season 1, Ep. 175
EP 175: Doesn’t every sports betting company in the US lose money? In this episode of the Business of Betting podcast, Jason Trost welcomes journalist Brad Allen from Legal Sports Report (LSR) to cover and share opinions about the industry news. 01:42 Wynn is closing down UK social Betting app BetBull: Wynn losing money on sports betting; Wynn getting out of sports betting?; casinos11:28 The place of social in sports betting: Draftkings / bet groups; SBK; Skybet; Stock trading and Sports betting 19:08 Susquehanna SIG’s $65.5m investment in PointsBet: Nelly vs Banach; Jeff Yass’s statement; Fundamental model; best odds29:20 Rumours around Fanatics acquisition of the German sportsbook Tipico (CNBC): Valuation; Fanatics’s Market access; GLI 33 33:04 Colorado’s regulator and the State audit Mentioned in the episode: https://www.legalsportsreport.com/71850/wynn-betbull-closure-uk-sports-betting-app/https://www.legalsportsreport.com/71735/pointsbet-stock-susquehanna-sig-deal/https://www.cnbc.com/2022/06/23/fanatics-is-in-talks-to-buy-sports-betting-company-tipico-sources-say.htmlFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/BradAllenNFLhttps://twitter.com/jasontrost