June 3, 2021; Miami Beach, Florida, USA; YouTube star Jake Paul watches the famous 5th Street Gym. Mandatory Credit: Jasen Vinlove – USA TODAY Sports
- Jake Paul Announces $50M in Funding for New Sports Betting and Media Company ‘Betr’
- Betr set to launch ‘BS With Jake Paul’ series as sports betting platform focuses on micro bets
- The sports betting company said it had secured market access in several states ahead of a future go-live date
Jake Paul’s rise in the sports world continues to take shape, as the YouTuber-turned-boxer announced $50 million in funding for a new company to be known as “Betr”.
Billed as the first sports betting platform focused on direct-to-consumer micro betting, Betr will be launched as a media company and betting operator. Jake Paul is Founder and President in partnership with Founder and CEO Joey Levy.
With a new weekly sports show called “BS With Jake Paul” and a new sports betting app that puts micro betting at the heart of the product, Betr is expected to deliver a unique experience for all sports bettors with each launch.
Jake Paul and Partner Announce $50 Million Funding for Betr
Jake Paul partners with sports betting entrepreneur Joey Levy to launch sports betting and media company Betr. Levy is best known as the founder of Simplebet, a B2B sports betting technology company that focuses on simplifying the live betting experience.
Founder and CEO Joey Levy and Founder and President @jakepaul today announced the creation of @betr. Betr bills itself as the first sports betting company focused on direct-to-consumer micro betting.
It also announced in a statement that it had raised $50 million in Series A funding.
— RLinnehanXL (@RLinnehanXl) August 8, 2022
As he explains in a post featuring Betr, Levy is expanding its focus on in-play betting with this brand new platform. The co-founders raised $50 million in funds for Betr from a wide variety of investors.
Betr Sports Betting and Media Company Details
In a video explaining that he recently turned down a separate $40 million offer, Jake Paul explained that Betr will have two sides – a media side and a sports betting side.
I turned down $40 million for it. @betr pic.twitter.com/r6BGQq7EfJ
—Jake Paul (@jakepaul) August 8, 2022
Betr’s sports media side will debut weekly sports show ‘BS With Jake Paul’. Meanwhile, sports betting app Betr will only focus on micro betting, a type of betting that only deals with play-by-play events as opposed to outcome betting.
Secure market access in multiple states ahead of future launch
Betr will initially launch as a free-to-play game and will work to launch as a micro betting platform in individual states.
WELCOME TO BETR ⚡️ pic.twitter.com/fgijAh3QX8
— betr (@betr) August 8, 2022
While details are currently scarce on an official launch of the Betr sportsbook app, there is clearly a ton of energy behind this brand new product.
Stay tuned Dime Sports Betting for all important updates regarding the Betr sports betting app, as well as the latest news regarding Jake Paul’s highly anticipated upcoming fight.
South Mitchell
Sports fanatic and strategic blacksmith, Mitchell has been writing gaming content for over seven years. As sports betting emerges in markets around the world, he is ready to travel alongside those who have never bet before with informative articles and comprehensive how-to guides.
