Business of Betting Podcast

On this episode of the Business of Betting Podcast, Jason answers listener-submitted questions and shares his insights on the latest developments in the industry, including the proposed UK gambling tax, sweepstakes models, and NCAA player prop markets.Hear him discuss:01:26 - His recent trip to Vegas and G2E conference highlights03:30 - Impact of proposed UK gambling tax increase08:00 - Sweepstake models and their rise in the United States10:45 - Industry optimism from recent G2E and SBC conferences16:53 - NCAA’s consideration of banning player prop markets due to socialmedia abuse22:41 - Why PolyMarket and Kalshi predict Trump as the 2024 election favorite, despite traditional polls showing a close race⚡️ Follow BoB on Twitter/X⚡️ Watch BoB on Youtube⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason is joined by Stuart Simms, the CEO of FairPlay Sports Media, recorded live at G2E in Las Vegas.Hear them discuss:01:10 - The strategic shift from OddsChecker to Fairplay Sports Media04:10 - Stuart’s personal health journey and diagnosis with cancer08:20 - The impact of diet on health and cancer treatment12:00 - Key takeaways from G2E and networking insights13:30 - The changes in OddsChecker’s business model16:40 - Acquisition of Quarter4 and integrating AI for predictive models in sports betting19:30 - How AI and real-time data impact tools like Bet Builder22:00 - The challenges of balancing transparency for consumers and relationships with bookmakers25:40 - The pricing margins in sports betting30:10 - Consumer price sensitivity in sports betting32:00 - The future of betting exchanges and the role of user experience in adoption33:50 - U.S. market opportunities for data-driven tools in sports betting⚡️ Follow BoB on Twitter/X: https://x.com/bettingpod⚡️ Follow Jason on Twitter/X: https://x.com/jasontrost⚡️ Apply to be a guest here: https://www.businessofbetting.com/guestThis episode is presented by #Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason is joined by Dean Sisun from ProphetX.Hear them discuss:02:04 - The overview of ProphetX and the sweepstakes model04:12 - Postmortem on why ProphetX moved away from the betting exchange model08:40 - Challenges with regulatory models in the betting industry10:00 - Exploring the novelty factor and customer acquisition11:25 - Predictions for the future viability of betting exchanges in the U.S.13:32 - Understanding how sweepstakes stacks up to traditional sports betting14:00 - Legality of the sweepstakes model16:00 - The mechanics of turning sweepstakes into a cash prize18:40 - Companies operating in the sweepstakes sports betting market25:53 - The challenges of implementing the peer-to-peer model26:51 - Managing a remote team, while moving to Miami⚡️ Follow BoB on Twitter/X⚡️ Watch BoB on Youtube⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason is joined by Bill Pascrell, III (BP3) at the SBC Summit in Lisbon, Portugal.Hear them discuss:01:20 Pascrell’s Journey and Industry Insights shared02:32 Debating the morality of gambling practices04:09 Personal reflections and upcoming ethics debate preview11:32 The Intersection of politics and gambling industry15:00 Advice on how to engage in political advocacy18:04 Challenges in legalizing sports betting across states27:24 Discussing state dynamics and tribal sovereignty issues29:54 The New Jersey compromise and casino concerns raised31:57 The role of tribes in political coalitions building32:27 Public perception and media Influence on gambling35:22 Political betting and regulatory challenges explained42:05 Federal vs. state regulation of gambling industry46:08 Election perspective and political divisions discussed⚡️ Follow BoB on Twitter/X⚡️ Watch BoB on Youtube⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason returns after a summer break with his first solo "Office hours" episode, where he tackles questions surrounding regulation, prediction markets, bettor limits, the US presidential election, and the latest from within Smarkets.Hear them discuss:01:00 - Jason’s summer break and family reflections02:30 - Differences in French vs. American culture05:00 - Kalshi's prediction markets and CFTC regulation09:15 - Massachusetts Gaming Commission on limiting bettors15:00 - The US presidential election race, and what the Smarkets markets are saying 45 days from the election19:30 - Attending conferences like the upcoming SBC Summit and G2E23:00 - Smarkets' current projects and updates⚡️ Follow BoB on Twitter/X⚡️ Watch BoB on Youtube⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason is joined by Dustin Gouker, Founder of Closing Line Consulting, and Joe Brennan Jr., Executive Chairman from Prime Sports.Hear them discuss:01:35 - DraftKings' new winning surcharge announcement02:45 - The states affected by the surcharge03:20 - The stock market's reaction to the announcement04:05 - Comparison of U.S. and international tax rates06:30 - The potential impact on DraftKings' profitability07:55 - The price sensitivity of American bettors09:00 - Historical context of high tax rates in the industry10:15 - Implications for competitors like FanDuel and Smarkets12:50 - The adjusted EBITDA and financial metrics analysis16:00 - Potential impact on VIP customers and betting volume18:20 - Product comparison between sportsbooks and exchanges20:00 - Broader implications for the sports betting industry22:00 - Predictions on if DraftKings will implement the surcharge⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason is joined by Jamie Hart from Conquer Technology.Hear them discuss:1:10 - The recent UK elections and environmental concerns2:22 - Climate change and the role of government in solving big issues4:16 - Jamie's background in horse racing and initial experiences with betting7:10 - Early internet betting and its evolution at William Hill8:28 - The challenges of manual betting systems and early online betting10:05 - The impact of regulatory changes on sports betting innovation12:36 - The importance of knowing every aspect of your business operations14:43 - Jamie's perspective on technology and customer interaction in betting18:00 - Discussing the stagnation in the betting industry due to regulatory pressures20:36 - Potential future changes and innovations in the betting industry23:18 - The challenges and potential of horse racing in modern betting27:00 - The importance of making betting more accessible and enjoyable31:10 - Comparing horse racing to Formula One in terms of theater and excitement34:34 - The difficulty of selling horse racing due to high costs and outdated practices37:20 - Potential strategies for revitalizing horse racing and attracting a younger audience⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.

On this episode of the Business of Betting Podcast, Jason is joined by Sam Sadi from LiveScore Group.Hear them discuss: 1:52 - Sam's life after leaving Turkey, and then returning to start a sportsbook in 1998 2:36 - Understanding inflation in Turkey and historical economic comparisons3:53 - The history of how the LiveScore Group came together8:26 - How LiveScore Group is differentiate itself from other UK sportsbooks10:11 - Developing an in-house sportsbook platform, and current efforts to migrate to it11:35 - Sam's definition of being a world-class sportsbook product20:29 - How Sam think about buying versus building core pieces of the technology stack26:02 - Sam's take on the state of sports betting in 202428:18 - How Sam views unregulated markets 31:08 - Insights on the role of exchanges in the future of sports betting35:45 - Regulation, the push for transparency, and consumer empowerment42:39 - What Sam wants to be when he grows up⚡️ Follow BoB on Twitter/X⚡️ Follow Jason on Twitter/X⚡️ Apply to be a guest hereThis episode is presented by Optimove, the #1 CRM Marketing solution for the iGaming industry.