PrizePix Announces Expansion of Atlanta Operations by Hiring 1,000 More Employees Over Seven Years
ATLANTA — Fantasy sports company PrizePix is expanding its operations in Atlanta, announcing Thursday that it will hire 1,000 more employees over seven years.
The company said it plans to invest $25 million in an office building northwest of downtown that it plans to lease for its new headquarters.
The company is hiring for positions such as software engineers, analysts, and marketers. PrizePix doesn't disclose how much its employees are paid, but co-founder and CEO Adam Wexler described its employees as “highly skilled and well paid.”
Founded in Atlanta, the company currently has more than 500 full-time and 160 part-time employees. Some of our employees are located in the Philippines.
“Atlanta has always been our home, where we are redefining mobile sports entertainment,” Wexler said.
A bill to allow sports betting in Georgia failed again this year, so it remains illegal. But PrizePicks and other fantasy sports websites operating in the state say they offer games of skill rather than chance. Players earn prize money by selecting an athlete and earning points based on that athlete's performance. The company says it has more than 5 million registered users, and players can compete for prizes in cornhole as well as contests from major American sports leagues.
“Georgia has a long history of legalized skill games operating within the state, and PrizePix is a nationally recognized skill game,” said PrizePix spokeswoman Elisa Richardson. Stated.
Civic leaders welcomed the news, saying it is proof that Atlanta's universities are providing talent to employers who need technical skills, and that the city has a high quality of life and global connectivity through its airport. stated that it provides.
“Georgia continues to be a powerhouse of technology growth and innovation, attracting innovative companies with our unique combination of talent and infrastructure,” Republican Gov. Brian Kemp said in a statement.
State and local officials have not disclosed what incentives they offered to PrizePicks. The company will be eligible for a state income tax credit of $1,750 per job over five years, for a total of $8.75 million, as long as employees earn at least $31,300 annually.
