10 sports-betting startups that top investors say are poised to take off as sportsbooks fight for market share
Growth in the US sports-betting industry is surging.
Investment manager Ark Invest estimates that the US online-betting market will reach $37 billion by 2025, up from $9.5 billion this year, as Reuters first reported.
As the industry grows, large operators like DraftKings and FanDuel and casino chains like Caesars Entertainment are focused on swallowing market share, often with hefty marketing bills.
And, increasingly, they’re looking to startups to help them acquire new customers or expand into new areas. Sports-betting platforms have acquired in the last year media network VSIN and fantasy-sports site Monkey Knife Fight, to name a few.
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