ATLANTA (AP) — PrizePicks will broaden its operations in Atlanta, hiring an extra 1,000 workers over seven years, the fantasy sports activities firm introduced Thursday.
It plans to lease an workplace constructing northwest of downtown for its new headquarters, investing $25 million, the corporate stated.
The corporate is hiring software program engineers, analysts, entrepreneurs and different positions. PrizePicks didn’t say how a lot workers will likely be paid, however co-founder and CEO Adam Wexler described them as “high-skilled and high-wage.”
The corporate, which was based in Atlanta, at present has greater than 500 full-time and 160-part time workers. Some workers are within the Philippines.
“Atlanta has all the time been our house, the place we’re redefining cellular sports activities leisure,” Wexler stated.
Sports activities betting stays unlawful in Georgia after laws to permit it once more failed this yr. Nonetheless, PrizePicks and different fantasy sports activities web sites function within the state, saying they provide video games of talent, not likelihood. Gamers search money prizes by selecting athletes and incomes factors primarily based on how these athletes carry out. The corporate, which says it has greater than 5 million registered customers, lets gamers search prizes not solely on contests in main American sports activities leagues, however even on cornhole.
“Georgia has an extended historical past of legalized talent video games working within the state and PrizePicks is a nationally acknowledged sport of talent,” stated PrizePicks spokesperson Elisa Richardson.
Civic leaders welcomed the information, saying that it proves Atlanta’s universities present expertise to employers who want technical abilities, and that town provides a top quality of life and international connections by way of its airport.
“Georgia continues to be a driver of tech progress and innovation, attracting modern corporations with its distinctive mixture of expertise and infrastructure,” Gov. Brian Kemp, a Republican, stated in a press release.
State and native officers didn’t disclose what incentives they supplied to PrizePicks. The corporate might qualify for $17.5 million in state revenue tax credit, at $3,500 per job over 5 years, so long as staff make a minimum of $33,000 a yr.