Sports betting and online gambling have boomed in recent years as regulatory shifts have made wagering big business in the US.<\/p>\n
Some of today's biggest players like DraftKings and FanDuel recognized the online-betting opportunity early on and have reaped the benefits of the first-mover advantage. Startups like Mojo and Sporttrade, which have raised funding in the last few years, are also attempting to disrupt norm established by the big names.<\/p>\n
But history shows that not every startup will survive and thrive. Some early gaming innovators like Playdom and Sorteo Games, which received tens of millions in funding in the mid-2010s, have already closed their doors.<\/p>\n
Despite those cases, the online-betting market is still projected to grow for years to come, and there will continue to be more startups looking to use that potential growth as a reason to attract venture capitalists and angel investors.<\/p>\n
PitchBook tracked the VC deals among US startups in sports betting and online gambling dating back to 2006. Here are the companies that have received the most funding to date:<\/p>\n
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Sports Betting and Gambling Startups That Raised the Most VC Money - Business Insider<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Sports betting and online gambling have boomed in recent years as regulatory shifts have made wagering big business in the US. Continue reading