Co-founded by social media celebrity and boxer Jake Paul, Betr Holdings Inc. is a sports-betting startup that has raised capital at a $375 million valuation in anticipation of expanding its gambling operations.
New players like Betr are keen to capitalize on the fact that sportsbooks, even those without influencers, are expanding quickly as more states legalize their offerings. As per the American Gaming Association, the US sports-betting industry generated almost $11 billion in revenue in 2023, a 45% increase from the previous year.
New players like Betr are keen to capitalize on the fact that sportsbooks, even those without influencers, are expanding quickly as more states legalize their offerings. As per the American Gaming Association, the US sports-betting industry generated almost $11 billion in revenue in 2023, a 45% increase from the previous year.