The fantasy/sports betting company DraftKings christened a new headquarters on River Street in Hoboken last week, a 7,500-square foot office space that features state-of-the-art technology, including dashboards, zoom rooms, and a giant television wall with nine monitors.
The office will be home for more than 50 employees.
“We are committed to New Jersey in the future,” said Paul Liberman, the chief operating officer and co-founder of DraftKings. “There are a few reasons why we’re here. New Jersey was the first state to offer legalized gambling. There is also a lot of tech talent and marketing talent in this area. New Jersey and Hoboken have become the epicenter of growth. We decided what would be the best location to grow this industry. We’re excited about the growth of the state.”
Liberman likes the idea that Hoboken is the home for many young urban professionals who just happen to be avid sports fans.
“It’s a great community with a great night life,” Liberman said. “The median age for our company is around 26 [years old] so this is perfect. It’s a good area for recent college graduates who want to live in a community that is growing. Hoboken has turned into a growing hub for our industry. As we expand nationwide, we expect to grow right here.”
The 36-year-old Liberman, who helped to start DraftKings in 2012 in his spare bedroom in Boston, said that Hoboken’s general proximity to New York certainly didn’t hurt.
“Being near New York was the primary motivation,” Liberman said. “We were able to find this space. It just sort of happened.”
“I knew New Jersey was going to be big,” said Jamie Shea, the head of the digital sports book for DraftKings. “When we found this location, we couldn’t have jumped fast enough. I now live in Hoboken. It’s a great place to be.”
Shea admits that DraftKings’ primary source of income is with daily fantasy sports, but the sports betting industry, which just became legal in New Jersey a year ago, is flourishing.
“It’s exciting to see it all come to fruition,” Shea said.
Liberman doesn’t think that sports betting will be a passing phase.
“I don’t think the novelty is ever going to wear off,” Liberman said. “Sports have been around forever and I think sports betting have been around forever as well. Now, it’s just legal here. Sports are always evolving. I think we make the experience of watching sports more exciting, so I don’t see that ever going away.”
Liberman was asked how he felt about the rapid growth of sports betting in New Jersey, which has been projected to be a $20 billion industry in 2019.
“I’ve been shocked,” Liberman said. “The industry is growing faster than we projected. I’m very surprised with our projections.”…
The New York Times recent Best Seller List featured a very interesting item in its Top 20 Non-Fiction books. “Full Count: The Education of a Pitcher,” is the book written by former Yankees and Mets ace hurler David Cone, but co-authored by Jersey City native Jack Curry, who co-anchors the Yankees pre-game and post-game coverage on the YES Network. Curry was a fine baseball player in his heyday at Hudson Catholic and is a member of the school’s Hall of Fame…
Speaking of Hudson Catholic, former Hudson Catholic hoops standout Louis King, who was a McDonald’s All-American at the school, recently signed a free agent contract with the Detroit Pistons.
King played last season at the University of Oregon and elected to enter the NBA Draft, but was not selected by any team, so he was able to sign a free agent contract with the team of his choice.
King signed a contract with the Pistons that if he doesn’t make the Opening Day roster in October, he can be assigned to the Pistons’ affiliate in the NBA’s G League for prospects…
The launch of the weekly summer feature EXTRA INNINGS was delayed one week, but EXTRA INNINGS returns with all the top news about baseball and softball summer leagues in the area.
EXTRA INNINGS focuses on the best stories that come from local baseball and softball leagues throughout the area, from Little League action through travel leagues.
If you have any noteworthy information to contribute to the EXTRA INNINGS, feel free to contact Jim Hague by phone at 201-303-5792 or via e-mail at OGSMAR@aol.com.
The e-mail would be the best way of getting in touch.
Please include a telephone contact name and number, in order to secure further information for a possible story. Also, if you have a picture to be used with the story, that would be a great help….–Jim Hague
Jim Hague can be reached via e-mail at OGSMAR@aol.com