How I Built a Fortune: DraftKings Co-Founder Speaks | Matt Kalish DSH #789

Digital Social Hour

Sean Kelly

Self-improvement, Education

5 • 1.1K Ratings

🗓️ 7 October 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Get ready to dive into the incredible journey of Matt Kalish, co-founder of DraftKings, on the Digital Social Hour with Sean Kelly! 📈🎙️ Discover how Matt transformed a simple fantasy sports idea into a monumental success, leading the charge in sports betting across the U.S. 🇺🇸 Packed with valuable insights, this episode explores the evolution of DraftKings, the dynamic world of sports betting, and the tech-driven strategies behind building a Fortune 500 company. 💼 Tune in now and join the conversation as Matt shares his experiences, from his collegiate running days to navigating the competitive landscape of digital marketing and entrepreneurship. 🏃‍♂️💰 Don't miss out on this chance to learn from one of the industry's leading visionaries! Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 CHAPTERS: 00:00 - Introduction to the Podcast 00:27 - Interview with Matt Kalish 07:41 - Boston Celtics Discussion 15:30 - Overview of Sports Betting 16:50 - Cryptocurrency in Sports 22:29 - Upcoming Developments at DraftKings 25:50 - Impact of AI on Sports Betting 27:40 - Poker Player Profitability Insights 29:00 - DraftKings Going Public 30:27 - Getting Started with DraftKings 31:34 - Conclusion and Thanks for Watching APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Matt Kalish https://www.instagram.com/kalish https://www.instagram.com/draftkings_sportsbook SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	So yeah things like that can just happen. I feel like that's how I felt about the MVP this season because I wanted
0:05.2	Luca to win it but he wasn't even top two and most people's voting. Yeah Luke is a major
0:10.0	problem I think in the future he's a serious candidate every year I think in the future. He's a serious candidate every year. I feel like he should be top of the list.
0:17.0	Yeah, if they get one more piece, they could possibly give the Celtics a six to seven game series, I think.
0:22.0	Yeah, yeah, he's a big problem.
0:25.8	All right guys we got Matt co-founder of Draft Kings. Thanks for coming on today man.
0:29.9	Thanks for having me. Yeah. It's been really cool to see the evolution of the company since I was in high school. Yeah, 12 years now roughly and you know we started with fantasy sports and now obviously the culture in the country has changed a lot.
0:43.4	So sports betting is in about 50% of the US
0:47.5	and being on the forefront of that,
0:49.8	really, really amazing experience.
0:52.0	And I think the best is still yet ahead as well so
0:55.1	it's quite the ride so far though. Was sports betting even in the picture when you
0:58.9	started the company was that even on your radar? It wasn't we played
1:02.4	initially it was fantasy sports.
1:05.2	Poker had been a huge thing in the US for, you know, probably the early 2000s up until
1:11.5	around 2009 when it got shut down.
1:14.0	And there was tens of millions of people playing internet poker and obviously tens of millions
1:19.9	of sports fans that didn't really have any good way to predict things or engage in the
1:24.3	U.S. Maybe it was an office pool or like a bookie or some kind of a legal offshore sports book, but not
1:30.9	a lot of ways to predict things in sports and so we felt like the
1:34.1	combination of those two worlds like the skill-based gaming poker kind of with the
1:39.2	lack of options in sports was a good situation for a fantasy platform to really I think meet the
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