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Speed up your hiring right now with Indeed, 0:00:33.960 --> 0:00:36.200 and listeners of this show will get a seventy five 0:00:36.280 --> 0:00:39.440 dollars sponsored job credit to get your jobs more visibility 0:00:39.600 --> 0:00:45.320 at indeed dot com slash pod Katz thirteen. Just go 0:00:45.360 --> 0:00:50.120 to Indeed dot com slash pod katz thirteen right now 0:00:50.479 --> 0:00:53.040 and support our show by saying you heard about Indeed 0:00:53.080 --> 0:00:57.400 on this podcast. Terms and conditions apply. Hiring Indeed is 0:00:57.440 --> 0:00:58.000 all you need. 0:01:19.520 --> 0:01:23.560 All right, Welcome back, Episode three, Episode three. Let's get 0:01:23.640 --> 0:01:26.800 to it. First of all, thank you for rocking with us. 0:01:26.840 --> 0:01:30.520 We appreciate y'all, and I want to shout out I 0:01:30.560 --> 0:01:36.319 got this dope hoodie merch tag the Brother, but thank 0:01:36.360 --> 0:01:39.040 you as well. It's called flight risk it's an interesting 0:01:39.080 --> 0:01:43.320 story behind that, but check its page out, check them out. 0:01:43.360 --> 0:01:47.360 Thank you, I appreciate it. Okay, let's get into it. 0:01:47.640 --> 0:01:53.160 So we're gonna talk about the biggest event in sports 0:01:53.200 --> 0:01:57.520 that just recently passed, the Super Bowl. But we're gonna 0:01:57.520 --> 0:01:59.600 take a different approach, take a different approach. 0:02:00.080 --> 0:02:03.480 Last week, we talked about the marketing of the Super Bowl, 0:02:04.400 --> 0:02:06.680 but another huge part of it is the amount of 0:02:06.720 --> 0:02:10.160 money that's gambled on the game itself. So the Super 0:02:10.160 --> 0:02:12.320 Bowl took in one hundred and thirty four million dollars 0:02:12.320 --> 0:02:16.120 in bets on the game, prop bets, halftime things like that. 0:02:17.440 --> 0:02:21.880 So we're gonna talk about sports betting on a national stage. 0:02:21.960 --> 0:02:23.959 So we have seven states right now in the United 0:02:24.000 --> 0:02:27.760 States that have sports betting, with New York being a 0:02:27.840 --> 0:02:30.920 state that is on the fence about it. So you 0:02:31.000 --> 0:02:35.160 have Nevada obviously we know about that. Las Vegas is 0:02:35.400 --> 0:02:39.520 a huge see when it comes to gambling that starts 0:02:39.560 --> 0:02:42.520 in the nineteen forties. You have Delaware, you have Pennsylvania, 0:02:43.000 --> 0:02:49.280 New Mexico, New Jersey, and Pennsylvania, and the last one 0:02:49.480 --> 0:02:53.600 is Mississippi. Mississippi. So you have seven states right now 0:02:54.360 --> 0:02:57.400 that are engaged in it, and it's a huge revenue 0:02:57.919 --> 0:03:01.359 gaining for the states, but for some reason New York 0:03:01.360 --> 0:03:05.200 can't figure out how to get this correct. If we 0:03:05.280 --> 0:03:07.680 go down the list of how much money is generated 0:03:08.120 --> 0:03:11.960 by each state, for Nevada in the past six months, 0:03:11.960 --> 0:03:15.640 so we're talking about from June twenty eighteen to December 0:03:15.680 --> 0:03:18.880 twenty eighteen, as expected, they have the highest they grade. 0:03:18.960 --> 0:03:21.240 They grossed in about two point two billion dollars in 0:03:21.240 --> 0:03:25.680 that time. Delaware, a small state, grossed eighty four million, 0:03:25.880 --> 0:03:29.240 with fifty percent of that revenue going directly to the state. 0:03:30.080 --> 0:03:35.920 Mississippi generated one hundred and thirteen million, and Pennsylvania, which 0:03:36.320 --> 0:03:40.160 started I think they got passed in October twenty seven, 0:03:40.240 --> 0:03:44.000 twenty eighteen, they generated seventeen million dollars at the end 0:03:44.000 --> 0:03:46.600 of twenty eighteen. And then you have RhE Island, which 0:03:46.640 --> 0:03:50.600 is the small state in our Union, they generated about 0:03:50.600 --> 0:03:53.000 two million dollars with fifty one percent of the revenue 0:03:53.080 --> 0:03:57.160 going to the state. And I saved Jersey for last 0:03:57.160 --> 0:04:01.240 because their story is pretty remarkable. Being at the proximity 0:04:01.680 --> 0:04:04.800 to New York. They generated nine one hundred and twenty 0:04:04.840 --> 0:04:07.520 eight million dollars in six months, so they almost did 0:04:07.560 --> 0:04:09.960 a billion dollars in six months. And what's interesting is 0:04:10.000 --> 0:04:12.560 that most of their. 0:04:12.480 --> 0:04:14.800 When you say they, so who who gets them? That's 0:04:14.800 --> 0:04:16.960 the state revenue? Who makes that money? 0:04:17.040 --> 0:04:19.359 The state makes that Well that's the way that the 0:04:19.360 --> 0:04:22.200 state made, but the stand companies made. So the companies 0:04:22.440 --> 0:04:24.839 take a percentage, the state takes a percentage. New Jersey 0:04:24.880 --> 0:04:28.680 didn't give the details on how much they they take 0:04:28.720 --> 0:04:29.720 from it. So, like I. 0:04:29.600 --> 0:04:31.960 Said, that's so that's a total revenue. 0:04:32.000 --> 0:04:34.279 Yeah, total revenue. So, like, like I said, Delaware takes 0:04:34.279 --> 0:04:36.440 fifty percent of the revenue. New Jersey didn't release it 0:04:36.520 --> 0:04:38.400 the figures on how much they take from. 0:04:38.320 --> 0:04:42.719 So Delaware takes fifty of the revenue tax. Yeah, that's interesting. 0:04:42.760 --> 0:04:45.719 So let's not to cut you off. But so I 0:04:45.720 --> 0:04:49.720 didn't I didn't realize that the tax that is paid 0:04:50.000 --> 0:04:54.960 that gamble gambling institutions pay. Right. So we're in New York, right, 0:04:54.960 --> 0:04:56.599 I know we have listeners all over, but we're in 0:04:56.600 --> 0:05:00.000 New York. So there's New York gambling is not really 0:05:00.120 --> 0:05:04.680 league legal right on that level. It's like slot machines 0:05:04.720 --> 0:05:10.000 and stuff like that. So there's a casino where we live, right, 0:05:11.040 --> 0:05:13.120 but they don't actually have card games. They just have 0:05:13.279 --> 0:05:15.960 stop slot machines. So I heard I was at a 0:05:16.000 --> 0:05:20.040 panel discussion and I heard one of the executives at 0:05:20.040 --> 0:05:24.960 the casino speak and she was saying that they pay 0:05:25.120 --> 0:05:29.080 somewhere between sixty and seventy percent of their revenue in 0:05:29.200 --> 0:05:31.839 taxes to the state. 0:05:32.680 --> 0:05:32.920 Yeah. 0:05:33.480 --> 0:05:37.760 So now you're saying that Delaware pays takes fifty percent. Yeah, 0:05:38.360 --> 0:05:40.440 but she was saying, even but this is how much 0:05:40.480 --> 0:05:44.200 money gambling makes. Even though they pay seventy percent of 0:05:44.240 --> 0:05:48.440 their revenues to the state, it's still profitable for them, exactly. 0:05:48.480 --> 0:05:49.640 That's how much money they've brand. 0:05:50.279 --> 0:05:54.040 Right, So like that number, and now that we were 0:05:54.120 --> 0:05:57.800 in twenty nineteen, you can just put that up to 0:05:58.040 --> 0:06:01.280 one point two billion and six months. Right. 0:06:01.320 --> 0:06:02.640 All they did was legalize it. 0:06:02.920 --> 0:06:04.680 And the interesting I think I was saying about New 0:06:04.760 --> 0:06:08.640 Jersey is that most of their betting takes place online. 0:06:08.920 --> 0:06:11.920 So that's when you get sites in independent sites and 0:06:12.320 --> 0:06:16.560 FANDU and DraftKings who are sports who actually now have 0:06:16.640 --> 0:06:19.320 sports books, so people can literally gamble in their hands. 0:06:20.480 --> 0:06:22.200 So I remember a time, so. 0:06:22.279 --> 0:06:24.279 Just briefly explain that for somebody that might not be 0:06:24.279 --> 0:06:26.560 a sports fan what that means. 0:06:26.880 --> 0:06:30.760 So FanDuel is a is an app, and DraftKings both 0:06:30.760 --> 0:06:34.400 of them are apps where you can it arise from 0:06:34.520 --> 0:06:38.040 the daily Fantasy games. So people were playing Daily Fantasy 0:06:38.360 --> 0:06:41.000 and putting money in to start pools and then they 0:06:41.480 --> 0:06:43.960 fan do and DraftKings come up with an idea like, listen, 0:06:44.040 --> 0:06:46.279 we can do this on a daily basis. You don't 0:06:46.320 --> 0:06:48.279 have to wait a week. You can do it twice 0:06:48.320 --> 0:06:51.000 in a day that they change the parameters. So I 0:06:51.040 --> 0:06:54.680 can put a lineup together at for one o'clock games, 0:06:55.279 --> 0:06:57.839 and depending on how those players that I pit perform, 0:06:58.200 --> 0:07:00.719 I can win money. I can also do that at 0:07:00.760 --> 0:07:02.080 the four thirty games. I could do it at the 0:07:02.080 --> 0:07:02.479 Monday night. 0:07:02.560 --> 0:07:04.280 So you're pretty much you're picking your team. 0:07:04.360 --> 0:07:08.159 Yeah, you're picking a team every time you bet, okay, Yeah. 0:07:08.200 --> 0:07:12.120 So from that they decide after New Jersey legalizes that 0:07:12.160 --> 0:07:13.720 they're going to create their own sports book. So a 0:07:13.760 --> 0:07:16.880 sports book is where you actually place bets on games. 0:07:16.880 --> 0:07:20.440 So that's like a bookie. A bookie, right, you get 0:07:20.480 --> 0:07:23.760 a ticket. So New Jersey has a sports book. The 0:07:23.800 --> 0:07:27.600 interesting thing about New Jersey is that it's ten minutes 0:07:27.800 --> 0:07:32.920 from New York City, right, so pending, well, let me 0:07:32.920 --> 0:07:36.080 say at Crabit. So FanDuel is in charge of the 0:07:36.120 --> 0:07:38.840 sports book at the Meadowlands, So Meadowlands for those of 0:07:38.840 --> 0:07:41.160 you who aren't from the Tri City area. The Meadallands 0:07:41.200 --> 0:07:44.440 is where the Giants and the Jets play met Life Stadium. 0:07:44.480 --> 0:07:47.760 So the fan Do sports book is headquarters is at 0:07:47.760 --> 0:07:51.240 the Medlands. So that's about fifteen minutes from New York City, 0:07:51.960 --> 0:07:54.920 given if there's no driving, fifteen minutes. So what we're 0:07:54.960 --> 0:07:57.040 seeing is a lot of people who want to place 0:07:57.120 --> 0:07:59.680 bets that are from New York and can't do it. 0:08:00.080 --> 0:08:03.800 They're driving to Jersey. They're placing that bets. They're staying 0:08:03.800 --> 0:08:08.640 in Jersey to watch the games, spending capital at restaurants, right, 0:08:08.760 --> 0:08:11.760 maybe gambling more while they're there, paying for gas while 0:08:11.760 --> 0:08:15.160 they're there. All this money that's leaving New York is 0:08:15.200 --> 0:08:16.920 going to Jersey to place bets. 0:08:17.320 --> 0:08:20.640 So they track it via your phone, right, So the 0:08:20.760 --> 0:08:21.720 GPS and your phone. 0:08:21.720 --> 0:08:23.040 There's an interesting story about that. 0:08:23.120 --> 0:08:27.960 Well, before we even get to that, it's important you're 0:08:28.040 --> 0:08:29.560 being tracked at all times. 0:08:29.680 --> 0:08:30.120 Absolutely. 0:08:30.160 --> 0:08:31.560 You know, when I found out I was being tracked 0:08:31.560 --> 0:08:33.400 at all times. This is kind of going off topic, 0:08:33.400 --> 0:08:36.000 but it's interesting. So I used to have a BMW right, 0:08:36.120 --> 0:08:38.960 and the car kept out having problems, so I had 0:08:39.000 --> 0:08:42.040 to take it in to get service and they asked me, 0:08:42.080 --> 0:08:44.960 They said, you don't do a lot long distance driving, 0:08:45.040 --> 0:08:47.240 do you. And I looked at him, like, how do 0:08:47.320 --> 0:08:49.600 you know that? He's like, we looked at the GPS 0:08:49.960 --> 0:08:52.440 and that's why. I'm like, they really know where my 0:08:52.480 --> 0:08:54.680 car is at at all times. So if you ever 0:08:54.760 --> 0:08:57.000 did something and you didn't you can't say you wasn't 0:08:57.040 --> 0:09:00.480 there because your car is there. Because a thing with 0:09:00.520 --> 0:09:01.120 your cell phone. 0:09:01.120 --> 0:09:03.280 It's like when you drive now and your watch says 0:09:04.000 --> 0:09:05.679 eight minutes away from home, I'm. 0:09:05.480 --> 0:09:09.120 Like, all that is all that? So exactly your iPhone, 0:09:09.240 --> 0:09:12.920 I watch, all of that has a GPS built in, 0:09:13.480 --> 0:09:15.640 so they know where you are at all times. 0:09:15.720 --> 0:09:19.800 Yeah. So the crazy part is, and going back to 0:09:19.840 --> 0:09:22.680 that GPS thing, is that in I think twenty sixteen, 0:09:23.240 --> 0:09:26.080 the Attorney General for the state of New York I 0:09:26.080 --> 0:09:29.760 believe Sneyderman was his name. He says that this is illegal. 0:09:29.800 --> 0:09:32.200 You can't use FanDuel. This is illegal. We don't know 0:09:32.200 --> 0:09:34.839 how to regulate it yet. So DraftKings and fan do 0:09:35.000 --> 0:09:37.400 gets suspended, so you can't use it in New York State. 0:09:37.960 --> 0:09:41.320 So I recall I remember people like listening like, Yo, 0:09:41.360 --> 0:09:44.200 I'm gonna drive to Connecticut because we live pretty close 0:09:44.240 --> 0:09:46.079 to Connecticut and we look pretty close in New Jersey. 0:09:46.160 --> 0:09:48.080 I'm gonna take that ten minute drive. I'm gonna put 0:09:48.160 --> 0:09:51.120 my lines in because my GPS will show that I'm 0:09:51.120 --> 0:09:52.720 in Connecticut and then come back home. 0:09:52.760 --> 0:09:54.599 So what would happen if you try to place it 0:09:54.679 --> 0:09:57.840 bet in New York? It wouldn't go through just because GPS. 0:09:57.920 --> 0:10:00.080 Yeah, you get the message like you are not in 0:10:00.080 --> 0:10:02.320 a state that allows fan do to be played. 0:10:02.160 --> 0:10:05.160 If you if you take one step into Connecticut, you're good. 0:10:05.559 --> 0:10:06.520 The GPS changes. 0:10:06.600 --> 0:10:09.040 I had a friend of mine call his sister in 0:10:09.120 --> 0:10:12.000 Las Vegas to log into his account to say, listen, 0:10:12.040 --> 0:10:14.760 can you put a line in for me? Please? It 0:10:14.840 --> 0:10:19.120 was that serious, right, So that got lifted over I 0:10:19.120 --> 0:10:21.440 believe two thousand, summer twenty seventeen. So now you can 0:10:21.520 --> 0:10:25.080 use FanDuel for the daily fantasy portion, but you can't 0:10:25.080 --> 0:10:27.800 place the sports. You can't use the sports booking part 0:10:28.000 --> 0:10:31.280 of the app, not yet, which I think will change. 0:10:31.320 --> 0:10:33.800 I think we'll change when we have a governor. Now 0:10:34.080 --> 0:10:37.200 who is I think on board with that billion dollar 0:10:37.280 --> 0:10:43.559 industry easily billions bigger than New York. Yeah, all over America, 0:10:43.679 --> 0:10:49.120 right all over the world. Sports betting billions, people who 0:10:49.160 --> 0:10:54.160 are betting on everything, point spreads, point spreads. I just 0:10:54.200 --> 0:10:58.920 saw a prop bet and it was because the NBA 0:10:59.040 --> 0:11:02.160 All Star Game they picked the captains recently, and it 0:11:02.280 --> 0:11:04.720 was like, there's a prop bet for who the first 0:11:04.720 --> 0:11:07.640 pick is going to be, right, Like James Harden is 0:11:07.640 --> 0:11:09.040 the favorite to be the number one pick. Like you 0:11:09.040 --> 0:11:13.520 can bet on that, right, Like that's crazy, Right, Who's 0:11:13.559 --> 0:11:16.200 gonna win a coin to us? Who's gonna get the 0:11:16.200 --> 0:11:18.360 first first down, who's the first catch, who's gonna make 0:11:18.360 --> 0:11:19.960 the first three point in the game? Like all these 0:11:19.960 --> 0:11:22.720 things are being bet on, and they seem like so trivial, 0:11:22.760 --> 0:11:24.880 and it's like, wait, that makes sense. People are betting 0:11:24.960 --> 0:11:31.199 on them every day. So New Jersey billion dollars six months. 0:11:31.679 --> 0:11:34.720 What's the New York's response. I think we'll see a 0:11:34.840 --> 0:11:37.800 change within the next year. Right, we get a new 0:11:37.800 --> 0:11:44.920 Attorney general and Leticia James, who now is in charge 0:11:44.960 --> 0:11:48.120 of how to regulate these things, right, so she can 0:11:48.360 --> 0:11:52.160 control Hey, we get that money we regulated, here's where 0:11:52.160 --> 0:11:54.040 we can spread it and hopefully and I remember you 0:11:54.040 --> 0:11:56.480 posted something about the lottery and like how it was 0:11:56.520 --> 0:12:01.640 originally supposed to be for schools. Right, maybe that's where 0:12:01.679 --> 0:12:04.600 this heads. Right, we get another source of revenue for 0:12:04.679 --> 0:12:06.719 this state, and now we could the funds could be 0:12:06.760 --> 0:12:10.400 appropriated in the right way. That's my hope and hopefully 0:12:10.440 --> 0:12:10.920 that happens. 0:12:11.320 --> 0:12:12.000 Hold your breath. 0:12:12.840 --> 0:12:15.520 I'm fighting for education. You know that. I'm always gonna 0:12:15.520 --> 0:12:15.920 fight for that. 0:12:16.520 --> 0:12:21.959 Okay, all right, okay, okay, So sports batting billion dollar industry, 0:12:22.679 --> 0:12:29.400 billion dollar industry. So keeping it in sports, we were 0:12:29.440 --> 0:12:35.719 actually had a conversation last week about George Foreman, right, 0:12:35.800 --> 0:12:38.679 m hm. So George Forman is interesting for a few 0:12:38.720 --> 0:12:45.280 different reasons. Yeah, right, as anybody that followed me knows, 0:12:45.320 --> 0:12:48.640 I like to do case studies or not just businesses, 0:12:48.640 --> 0:12:52.040 but individuals as well, entrepreneurs and like the backstories on 0:12:52.160 --> 0:12:56.439 deals and stuff like that. So George for what is 0:12:56.480 --> 0:12:57.040 he known for? 0:12:57.160 --> 0:13:00.880 George, He's a generational personality, right, Like I said, like, 0:13:01.080 --> 0:13:04.640 depending on what generation you come from will determine on 0:13:04.760 --> 0:13:07.080 how you remember George Foreman. So like my dad and 0:13:07.160 --> 0:13:10.679 your dad, they know him as the great boxer, this 0:13:10.720 --> 0:13:13.800 Hall of fame guy who gets roped by Muhammad Ali 0:13:14.920 --> 0:13:17.560 and he's known for that for a generation. Then the 0:13:17.600 --> 0:13:20.600 next generation, I feel like our generation to a certain extent, 0:13:20.760 --> 0:13:22.880 is like, he's the guy who's out of shape, why 0:13:22.920 --> 0:13:26.720 is he still boxing? Becomes the commentator for boxing on HBO, 0:13:27.480 --> 0:13:30.199 and at some point he gets a sitcom and it's like, 0:13:30.240 --> 0:13:32.840 all right, this is who is this guy? And then 0:13:32.880 --> 0:13:35.040 the next generation of people like with like tail end 0:13:35.040 --> 0:13:37.400 and that he's known as the guy who's on the 0:13:37.440 --> 0:13:39.920 infomercials selling a product. 0:13:40.440 --> 0:13:42.320 Selling a product. Yeah, so this is the way. 0:13:42.360 --> 0:13:42.920 This is. 0:13:44.360 --> 0:13:45.440 A legendary product. 0:13:45.440 --> 0:13:47.559 Okay, So I gotta tell his story. I gotta tell 0:13:47.559 --> 0:13:50.920 his story in full detail. So George Foreman was a 0:13:51.000 --> 0:13:56.280 legendary boxer, right, who in the seventies. He retired from 0:13:56.320 --> 0:14:00.240 boxing in nineteen seventy seven, Right, first time he from 0:14:00.240 --> 0:14:03.960 box in nineteen seventy seven. Yeah, he had five million 0:14:04.000 --> 0:14:06.240 dollars at the time of his retirement, which is equal 0:14:06.280 --> 0:14:07.440 to twenty million today. 0:14:07.520 --> 0:14:10.560 That's not bad for a boxing not bad for anybody. 0:14:12.720 --> 0:14:15.680 In ten years. By nineteen eighty seven, he was flat broke. 0:14:15.720 --> 0:14:19.080 In his words, he's flat broke. He made some bad investments. 0:14:19.520 --> 0:14:21.400 You know how athletes go broke. There's a long list 0:14:21.400 --> 0:14:24.640 of reasons why Flat broke in nineteen eighty seven, which 0:14:24.680 --> 0:14:28.360 forced him back into fighting. So he comes out of retirement. 0:14:29.320 --> 0:14:30.920 It actually wins, No. 0:14:30.920 --> 0:14:34.760 He does win, but he so. In nineteen ninety four 0:14:34.800 --> 0:14:35.720 he became champion. 0:14:36.040 --> 0:14:37.440 Yeah, he beat Michael Moore. 0:14:37.800 --> 0:14:40.760 I think so the oldest heavyweight champion at that time 0:14:40.800 --> 0:14:42.120 in history, forty five years old. 0:14:42.160 --> 0:14:45.560 It might still be that belly out World. 0:14:45.800 --> 0:14:48.080 Nineteen ninety four, he becomes a heavyweight champion of forty 0:14:48.080 --> 0:14:51.440 five years old. Another interesting thing happened in nineteen ninety 0:14:51.440 --> 0:14:54.680 four though, right, So in nineteen ninety four, not only 0:14:54.760 --> 0:15:00.240 is he the heavyweight champ, but Hawk Hogan is the 0:15:00.360 --> 0:15:06.320 ww F cham WWF. People don't even know what WWF. 0:15:06.520 --> 0:15:07.520 It's called w W. 0:15:07.520 --> 0:15:10.240 Now now, Yeah, they had the lawsuit with the world 0:15:10.520 --> 0:15:13.400 what was it the It was an animal organization that 0:15:13.520 --> 0:15:16.000 had that name, and they lost the lawsuits and that 0:15:16.120 --> 0:15:17.040 the teams into w W. 0:15:17.200 --> 0:15:21.160 E anybody that grew up in the eighties or the nineties, 0:15:21.760 --> 0:15:24.360 So I grew up in the nineties, right, anybody that 0:15:24.400 --> 0:15:27.880 grew up in the nineties. Wrestling played a major part, 0:15:28.360 --> 0:15:35.440 huge in the culture. Absolutely culture your favorite uh undertaker? 0:15:37.160 --> 0:15:40.800 Yeah, I like to undertake it Ultimate Warriors. He played 0:15:40.800 --> 0:15:44.360 the part he played Ultimate war past rest in peace. 0:15:44.880 --> 0:15:48.320 So hawk Hogan icon absolutely. 0:15:48.320 --> 0:15:54.040 I don't think people fully understand how iconic Hawk Hogan was, 0:15:54.080 --> 0:15:57.320 Like you actually had to be living in that moment 0:15:58.680 --> 0:15:59.880 the Beatles. 0:15:59.760 --> 0:16:02.120 It was a hope, like it was a real thing. 0:16:02.160 --> 0:16:04.920 Like I remember watching that and that was when wrestling 0:16:05.000 --> 0:16:07.840 came on at Saturdays at eight o'clock and then it 0:16:07.920 --> 0:16:10.560 came on as Sundays at twelve like before it was 0:16:10.560 --> 0:16:11.360 a Monday night rule. 0:16:11.520 --> 0:16:11.880 Different. 0:16:12.000 --> 0:16:15.760 This guy was like Hawk Hogan superstar. Different superstar Michael, 0:16:15.800 --> 0:16:19.560 He's Michael Jordan of wrestling. Yes, him and Andre Giant. 0:16:19.680 --> 0:16:22.280 They have that in like the that that match at 0:16:22.360 --> 0:16:24.360 Masters Garden as one of the biggest moments in the 0:16:24.400 --> 0:16:27.000 history of New York City. Like when he picks up 0:16:27.560 --> 0:16:31.920 the all like Monstrous Andrea Giant and does like the 0:16:31.960 --> 0:16:33.960 slam on. It's like the one of the best memorial 0:16:34.160 --> 0:16:36.000 moments in the history of the Masters reguard. 0:16:35.760 --> 0:16:39.000 Hawk legend legend. So all right, So nineteen ninety four, 0:16:39.040 --> 0:16:42.040 they're both champs, right, they also both have the same 0:16:42.120 --> 0:16:46.400 business manager. Oh okay, right, So hawk Hogan at the 0:16:46.480 --> 0:16:51.640 time is bigger than George Foreman. So the business manageher 0:16:51.800 --> 0:16:55.240 meets with Hawk Hogan. He has three products for him 0:16:55.280 --> 0:16:59.320 to endorse. He offered him three products for endorse. Yeah, 0:16:59.400 --> 0:17:05.080 he had a pick one. One was a grill, one 0:17:05.160 --> 0:17:09.600 was a meatball maker, and one was a blender. Right, 0:17:10.520 --> 0:17:15.280 he chose the meatball maker. The meatball maker of the 0:17:15.359 --> 0:17:18.720 name is the Hawkermania meatball Maker. Have you heard of it? 0:17:20.359 --> 0:17:21.240 I'd never heard of it. 0:17:22.000 --> 0:17:22.639 I didn't even know. 0:17:22.800 --> 0:17:28.200 No, he chose the Hawkermania meatball Maker. That's what he chose. Now. 0:17:28.240 --> 0:17:33.040 He told the agent, get somebody else, get one of 0:17:33.080 --> 0:17:37.439 your other clients to endorse the other the grill and 0:17:37.480 --> 0:17:44.000 the blender. So at the time, George Foreman was eating 0:17:44.160 --> 0:17:47.560 two hamburgers before every fight. It was like a big thing. 0:17:48.119 --> 0:17:49.920 So he thought that it would be a perfect person 0:17:49.920 --> 0:17:54.040 to endorse the grill. So George Foreman agrees to endorse 0:17:54.040 --> 0:17:57.639 the grill. Right, So he makes a deal with the 0:17:57.720 --> 0:18:04.720 grill company to get forty profit of every grill sold, 0:18:05.080 --> 0:18:05.880 every grill. 0:18:05.720 --> 0:18:06.760 So it's like a masterpiece. 0:18:07.240 --> 0:18:11.040 And his name was on it, which we know as 0:18:11.400 --> 0:18:15.720 the Form and Grill. Right, he makes up to eight 0:18:15.760 --> 0:18:20.560 million dollars a month with the forman Grill. He made 0:18:20.680 --> 0:18:23.960 so much money with the form and Grill that eventually 0:18:24.320 --> 0:18:27.320 the people they realized they made a bad deal because 0:18:27.320 --> 0:18:30.159 they gave him too much, so they say, Okay, we 0:18:30.240 --> 0:18:34.320 got to get away from this. So in nineteen ninety 0:18:34.400 --> 0:18:36.440 nine they make a deal with him. They pay him 0:18:36.440 --> 0:18:39.800 one hundred and thirty eight million to buy him out 0:18:40.080 --> 0:18:42.760 and to use his name in perpetuity. 0:18:45.320 --> 0:18:47.679 Ernest, what's up? You ever walk into a small business 0:18:47.680 --> 0:18:50.800 and everything just works like the checkout is fast, the 0:18:51.000 --> 0:18:54.760 seats are digital, tipping is a breeze, and you're out 0:18:54.760 --> 0:18:58.040 the door before the line even builds. Odds are they're 0:18:58.160 --> 0:19:01.359 using Square. We love of boring businesses that run on 0:19:01.400 --> 0:19:04.119 Square because it just feels seamless. Whether it's a local 0:19:04.160 --> 0:19:07.040 coffee shop, a vendor at a pop up market, or 0:19:07.080 --> 0:19:10.240 even one of our merch partners. Square makes it easy 0:19:10.320 --> 0:19:13.520 for them to take payments, manage inventory, and run their 0:19:13.560 --> 0:19:17.520 business with confidence, all from one simple system. 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He takes a deal, So he 0:21:40.840 --> 0:21:43.760 made over two hundred and fifty million when you add 0:21:43.800 --> 0:21:46.800 the money that he made before nineteen ninety nine and 0:21:46.840 --> 0:21:50.280 then the lump sum one hundred and thirty eight million 0:21:50.520 --> 0:21:54.440 payout that they brought him out with in nineteen ninety nine. 0:21:56.560 --> 0:22:00.200 Stop game change that this hereuysn't looked back since I. 0:22:00.160 --> 0:22:03.399 Mean, and those grills, I mean, every household has no. 0:22:03.440 --> 0:22:06.359 It's one of the best inventions ever made that made like. 0:22:06.280 --> 0:22:07.359 The list of best invasion. 0:22:07.400 --> 0:22:11.560 No, it's definitely top three because when I was in college, 0:22:12.000 --> 0:22:14.919 I literally only cooked on the Former Girl. Yeah, I 0:22:15.000 --> 0:22:16.760 know a bunch of people who became chefs off to 0:22:16.800 --> 0:22:18.960 the formula. It was ridiculous. 0:22:19.000 --> 0:22:20.440 You can cook anything on the Former Girl. 0:22:20.920 --> 0:22:23.760 We went from Gavin to Hamburgers at eight at a time. 0:22:24.600 --> 0:22:26.400 You can cook corn for the Former Girl. 0:22:26.480 --> 0:22:28.320