ATLANTA — PrizePicks will develop its operations in Atlanta, hiring an extra 1,000 staff 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 did not say how a lot staff can 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 staff. Some staff are within the Philippines.
“Atlanta has at all times been our house, the place we’re redefining cell sports activities leisure,” Wexler stated.
Sports activities betting stays unlawful in Georgia after laws to permit it once more failed this 12 months. Nonetheless, PrizePicks and different fantasy sports activities web sites function within the state, saying they provide video games of ability, 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 ability video games working within the state and PrizePicks is a nationally acknowledged recreation of ability,” stated PrizePicks spokesperson Elisa Richardson.
Civic leaders welcomed the information, saying that it proves Atlanta’s universities present expertise to employers who want technical expertise, and that the town presents a top quality of life and world connections by means of its airport.
“Georgia continues to be a driver of tech progress and innovation, attracting revolutionary corporations with its distinctive mixture of expertise and infrastructure,” Gov. Brian Kemp, a Republican, stated in an announcement.
State and native officers didn’t disclose what incentives they supplied to PrizePicks. The corporate may qualify for $17.5 million in state earnings tax credit, at $3,500 per job over 5 years, so long as staff make no less than $33,000 a 12 months.