Jake Paul, Betr Acquire Ohio Online Sports Betting License
Betr, backed by rising superstar boxer Jake Paul, continues making waves in the sports betting industry.
Betr, a micro-betting-focused sports wagering company, gained traction this summer with Paul's presence. Betr applied for the Ohio license almost immediately following the company's existence.
The company did its part to rake in money from a hoard of investors — and those names (or enterprises) are some of the who's who.
Betr raised $50 million from powerful ownership groups, including pro sport franchises like the Boston Celtics, Miami Marlins and San Francisco 49ers.
Current and former NFL players, such as Dez Bryant, Ezekiel Elliott and Richard Sherman, also backed the micro-betting cog.
Levy told Action Network's own Darren Rovell that one-third of college football wagers at DraftKings were micro-bets — drive outcomes, or other smaller-window bets — last season.
Simplebet, a business-to-business product development firm, provides software technology for Betr.
Legal Ohio sports betting will begin on January 1, 2023.