(CHARLOTTE, NC) (September 28, 2023) – Hornets Sports & Entertainment (HSE) has partnered with DailyPay, providing the essential financial wellness benefit of on-demand pay to full-time and part-time employees of its properties, including the Charlotte Hornets and Spectrum Center. As part of the partnership, DailyPay will be designated as the official ‘On-Demand Pay Partner’ of the Charlotte Hornets. This partnership is made possible through DailyPay’s collaboration with Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industries. OVG Global Partnerships initiated and negotiated this deal on behalf of HSE.
By offering DailyPay as part of its financial wellness benefits package, employees will have voluntary access to their pay as they earn it. This gives them the flexibility to pay bills, spend, save, and invest on their own schedule, eliminating the need to rely on a traditional scheduled payday.
This financial benefit and flexibility allow employees to avoid the use of high-interest payday loans. Research from the Aite Novarica Group, commissioned by DailyPay, shows that 95% of those who were previously reliant on payday loans in any way either stopped using payday loans (81%) or reduced use (15%) after using DailyPay.
"We are thrilled to welcome DailyPay into our family of Official Partners,” said Hornets Sports & Entertainment President & Vice Chairman Fred Whitfield. “DailyPay offers an innovative pay solution that we know will be hugely impactful and well-received by our employees, who work hard at every event and game to provide spectacular memories for our fans and guests.”
The partnership is scheduled to begin this fall.