Show notes
Las Vegas Raiders’ SVP of Marketing Kristen Banks joins The Current Podcast to discuss the importance of balancing old and new fan bases alike, and not just in Las Vegas. Episode TranscriptPlease note, this transcript may contain minor inconsistencies compared to the episode audio.[[[Current[[Banks, the SVP of Marketing for the Las VegasRaiders, formerly known as the Oakland Raiders, andfor a while the Los Angeles Raiders from 1982 to 94,[made their home in Las Vegas, and this year theRaiders hosted the Super Bowl at Allegiant Stadium.[a Super Bowl was played in the state of Nevada.[streamed in history by a record setting audience.[playing in the match, the event marked a watershedmoment for the NFL, for Las Vegas, and the game ingeneral.[attention meant to the Raiders.[coming into working for a brand that's been around 60years. So the Raiders organization is [been, you know, around since 1960 and they've neverhosted a Super Bowl. So for the first time, you know,coming to a new stadium being built in Las Vegas in2020, not having it open for the first two years thatthe stadium was in full operations because of thepandemic, And then fast forward to this year hostingthe Super Bowl on a wide, really global stage.[brand. It was incredible for the city of Las Vegas.And I think it really represents a new chapter insport and what's happening in this city.[streaming and probably also Taylor Swift a littlebit, let's be honest, we're seeing new fans come tothe NFL.[drafting back to the pandemic is that there's, youknow, there was already a change in consumer behaviorand how consumers were [watching content. Certainly with the pandemic thatincreased that aptitude. And so you saw thisincredible spike in how people are consuming content,certainly migrating away from being cord cutters orpotentially Cord nevers who had a cable package andmoving into streaming services.[the younger population and Gen Z. It's about simply.Being available to every audience type that's outthere, and that could be on their mobile phone, ontheir tablet, when they're watching the game, stillon regular television, but going to social mediaplatforms or YouTube to consume additional contentthat only enhances the experience.[things that you said to me, Kristen, was about thatstreaming and second screen experiences that, ineffect, there's a sort of virtual community of fanswho are sharing content as the action is happeningand unfolding. [and leverage that as a marketer?[real time opportunity.[Particularly for younger audiences, we'll say, underthe age of 25, if they haven't documented it, thenit's almost like it didn't happen. So, as a brand andas a marketer, you have to think about when someone'sattending a game, when they're watching it at home,how are they engaging with the experience?[to tell their story and what it means to engage andexperience that activity with the brand.[organization. I joined, um, six months ago, right atthe start of the 2023 season. the height of SuperBowl. And so my team is deep in the throes of thestrategy and planning of how do we build audiencesand how do we ultimately create customer journeyslong [[the very core passionate fan who maybe is a seasonticket member, buys merchandise can't get enough ofthe Raiders podcast that type of fan. is verydifferent than a very casual fan so for a very casualfan, I'm not going to immediately try to sell them ona season ticket member because they're likely not atthat stage of ready to make that commitmentfinancially, ready to make that time commitment.[content? So it's really about building out eachperson individually and saying, okay, this subset offans represent this group and follow this typicalpathway.[avid may follow a very different pathway. And this iswhat this looks like.[when you mentioned the coach and the teams and allthat dynamic that goes on, how much access do you and[you, how does that kind of infuse what you have to doon the, on the executive front?[or loss, you know, there's this constant narrativethat's playing out on a real time stage and on socialmedia and live on broadcast. And so then you have tosay, okay, how do we ultimately take that draftquickly? If maybe a player made a stunning catch, orhad a, you know, a fumble, or did something on thefield that was really extraordinary, how do we then,you know, how do we dovetail off of that?[things that are really quick hits and ultimatelydoing a quick turn to be relevant and, you know, inthat social media moment of continuing to capturethat interest and intent.[way that advertising now is deployed in a much moreagile [possible, I assume.[challenges with that. Yes, for sure. It's. It'seasier to do nowadays. I mean, certainly you've gotsocial media, you've got digital content. It's easyto push something out, but you also have thechallenge of, as you think about customization andpersonalization and audience segmentation, what doesthat look like, right?[different messages? Is it one different message, buta different channel? So, you know, Even still, whenyou're trying to move as quickly so that you're stillrelevant, and it's happening, that lightning in thatmoment, you have to also be able to take a pause,say, what's the strategic approach here, and is thisreflective of the right audience, and where do weultimately push this to make it relevant?[leagues overall, There's a lot of, like storylinesthat you can actually, draw from, and, like,[favorite player their favorite moment in time thatthat player, really succeeded. [like, infuse your marketing content as you thinkabout, keeping things relevant and authentic?[entertainment, which has really what I'd like to sayis baked in stories and they're happening on a dailybasis, right? I think it's why when we then partnerwith brands or we bring in partnerships and we say,okay, brand X, Y, Z, who maybe doesn't have some ofthose built in storylines to play from, how do theymake what they're doing, you know, speak to the fanbase[brands that don't have an obvious affinity with asports team? Like how do you create then likeextensions of the story?[of finance and insurance because maybe they're not assexy, [brand or a sports property helps allow that tohappen. And then it creates that opportunity to say,Okay, well, that finance or that insurance brand, youknow what, when there's a setback, oh, that mayrelate to somebody's personal life in how they'reinvesting, right?[versus having to try to create something fromscratch.one of the interesting narratives that came out of2023 season was certainly with our Interim headcoach, who's now the head coach, Antonio Pierce.[certainly quite the motivator and just, gives theseincredible speeches and really. Kind of these amazinglines that just play really well into marketing. Um,and it was, okay, how do [blackout kind of experience? It was clear theyweren't going to be making the playoffs, but how dowe still make it impactful to the fans that they wantto show up, that they want to watch, so if you takethat story of, okay, everybody's going to dress inall black in the way that he does.[kind of one of his sayings and to see that come tolife, to see many of the fans dressed in all black atthe game, to see messages of encouragement posted onsocial media. And then, which it was incredible tosee him walk off the field and have people chanting.[of. So that was a really cool. Um, it was a reallycool moment to see and witness and from a marketingside, help create that,[Las Vegas Raiders, you've got a very powerful storythere too. And I know that it's a team [firsts with the first female black president of anNFL team and more.[about, you know, that side of the story. [has a really an illustrious history. , you have, youknow, the first black head coach. You had the veryfirst female president in the NFL. They all came from the Raiders. Now you have the very first femaleblack, uh, president of the Raiders. And so, youknow, it's an organization that's been in firsts.[incredible to say that, you know, whether it was, ,Mark Davis, our owner of the Raiders, or his father,Al Davis, they constantly said it was really alwaysabout just finding the right person for the role andreally just that. And not, and diversity andinclusion becomes just part of that because you wantto make sure that you're representing [audience in the right way.[doing that is to make sure that in the back office,and on the field, and in the coaches and staff allreflect that representation as well. And so I thinkthat's just a fabric of the Raiders DNA that's alwaysbeen present. But To be here now, to be part of theleadership team, to have, a female president who'sAfrican American, to be a part of that executivegroup as myself being a female and being in sports,it's really trailblazing and it's an exciting, uh,time for sure[effect on the marketing? I know, there are obviouslya ton of female, NFL fans out there and Raiders fans,I'm sure. And, I feel like. Often, though, footballis more marketed to men. Do you feel that having morewomen in those, [to the women that are fans?[it's a natural influence and that, you know, whetherit's women, whether it's other ethnicities, whetherit's different backgrounds, different cultures, allof that is really important because if you thinkabout just, right, I'll just take Las Vegas becausethat's obviously where the Raiders, our home base isnow.[and audiences, but I'll talk about Las Vegas, whichis. You know, naturally, just about 50 50 split inbetween men and women. 28 percent of the audience inLas Vegas is Hispanic. 11 percent is, is AsianPacific Islander. Las Vegas is called the NinthIsland for a reason, a lot of Hawaiian transplants.[So, you look at that really [of people in Las Vegas who could potentially be fansof the Raiders, and who ultimately we want to ingrainso that they feel the Raiders are their hometownteam. The employee base should reflect that and Iwould say for sure, my background, my experience, andeven my team around me, should reflect the diversityand diverse opinions of those communities for sure.[about the Las Vegas Raiders is that you're a legacybrand, but you're now in a new location how do youensure that you're engaging those fanbases whilereaching new fans?[nothing that you're doing is going to, Be damaging tothe core or feel not authentic. We certainly havestill quite a fan base in Los [Oakland[bring in. New fans, completely different that are notpart of those generations that are introduced to theteam because now we're here in Las Vegas that hasnever had an NFL team before that honestly never hadany professional sports team up until the last. Five,10 years, that would have been completely frownedupon in what was formerly called Sin City.[want to make sure that you're doing something thatstill pushes the envelope a little bit so that you'reconstantly growing and adapting.[this too because, you know, we're living in like adigital world now. Anybody can go on and stream likea Raiders game, no matter where they are. With fanbases, especially across cities, across states, doeslocation matter as much these days to be a fan of aparticular NFL team?[think it depends. I think it depends on who you ask,and I think it depends on what type of fan and whatavidity scale. And the reason I say that is, is I'llsay, you know, the Raiders, we are very, proud of thefact that we have a season ticket member. In everystate in some 15 countries, um, that are, that graceour stadium.[a little panache to say that, but on top of it, youknow, how fans have access, you know. Can lookcompletely different to I mean, certainly your breadand butter are the people coming in the stadium, butthe bigger appeal, the bigger growth potential arethose fans watching at home.[point, at least that could be done really anywhere,right? And then to what they have access to. Um, someof that, you know, depends on live broadcast rightsand where, games are aired. [also an incredible amount of content, and for anybodyunder the age of 20, getting them to watch a fullgame sometimes is a challenge anyway, so they'regoing on TikTok and watching some highlights.[engaged, which can be at home, on the go, in adifferent city, in a different country, is certainlyrelative and important, too, to the Raiders overallgrowth.[mentioned that Vegas is pretty new to sports, but Ido know that, you know, your background, which isvery interesting. You're a lead marketer for the UFC,which was one of the original sports franchises inVegas, along with boxing. I wonder about you.[and you, you were in, the midst of, this in, as, asthe city has kind of evolved into this sports centerin a way. It[[the UFC for eight years there, formerly worked inentertainment for NBCUniversal in Orlando. so I'llsay I've always been, had a background of cast ofcharacters and rich stories to play with. But on thatend, you know, when we moved back in 2015, Verydifferent landscape.[certainly was no talk of baseball, basketball, orreally any other national sport. and so UFC hadplanted a flag many years ago as already being aboxing town where you'd have, you know, big events.[timing of having that past experience because you'retrailblazing. You're saying, okay. How do we set aflag here? How do we do this? How do we make thiswork? How do we get fans engaged locally? To thenparlay that into what I'm [is working for the NFL and working for, a teamlocally that has such an incredible, brandrecognition, brand storyline.[well, I can take some of what I've learned from UFCtrailblaze and say, how do we make that cool andrelevant, to new fans here in Las Vegas?[Raiders , leaning into sports betting in any way?[naturally the betting and the gambling and maybe itfeeling like, Oh, this is, this is too taboo for asports team to come to Las Vegas. but today, youknow, some of our partners are sports bettingpartners. Um, we have MGM bet, who's a corporatesponsor. We have DraftKings, and there are leaguepartnerships with sports betting partners.[with the [how do we make sure that we make sure that the gamestays pure, that it's really just more of a fan focalpoint, but that those two don't intersect.[The Raiders are kind of, I would say different from alot of other NFL teams and I'm curious about what youwould say about why that is. For instance, like thenickname, I know Raider Nation is, is really strongand the fans are . Maybe some of the most spiritedin, yes, in the league, I would say. What do youthink?[into what the Raiders brand is, which is aboutindividuality.[It's about doing it in such a way that's verydifferent, almost cosplay esque. Playing into thatit's the team for maybe the [fan, you know, and silver and black, and how cool arethose colors that everybody looks good in black. So Ithink there's, there's just so much fun.[where the Raiders came from to, you know, ourincredible history of Al Davis being the owner, andcommitment to excellence, having pride and pride andpoise, those things and that and that kind of ethos,plays into everything of what we do, and I think thatthe fans gravitate to that because it's somethingthey can identify with.[The Current Podcast.[[Love and Caliber. The current team includes Kat Veseyand Sydney Cairns.[[But you want to make sure that you're doing somethingthat still pushes the envelope a little bit so[adapting.[[[you like what you hear, please subscribe and leave areview. Also tune in to our other podcast, TheCurrent Report,



