One of the fastest growing companies in sports betting is getting ready to expand.

‍What’s happening:‍

• Sports betting startup Betr has raised $15M USD in a new equity financing with strategic partners
  
• The round was led by Harmony Partners and 10x Capital
  

Why it matters:‍

• Sports betting has become a growing area of opportunity in both venture capital and the public markets with Flutter (NYSE: FLUT) recently going public
  
• Flutter is the parent company of popular betting platform FanDuel and one of the largest competitors to DraftKings (NASDAQ: DKNG)
  

By the numbers:‍

• Since inception, Betr has raised a total of $100M USD in venture capital funding
  
• Betr’s flagship betting product known as Daily Fantasy Sports is currently available in 24 different states
  

Going deeper:‍

• Betr was co-founded by Jake Paul and Joe Levy and has quickly become one of the fastest growing companies in all of gambling
  
• Ohio, Virgina, Colorado and Kentucky have all recently given Betr regulatory approval to launch their betting platform to individuals within their respective states
  

The intrigue:‍

• Betr has publicly announced that they plan to roll out a new casino product, pending regulatory approval in the United States

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