• Home
  • Sports
  • Jake Paul Raises $50 Million To Launch Sports Betting Company

Jake Paul Raises $50 Million To Launch Sports Betting Company

When thinking about the concept of a sports betting app designed for Generation Z, it comes as no surprise that none other than the Vine star turned Youtube star turned Disney star turned professional boxer, Jake Paul, has officially launched a company with this exact platform in mind. What Paul has called “the TikTok-ification of sports betting,” the new app ‘Betr’ will focus on micro-betting, which Fight Sports defined as “betting that occurs during the event on things that could happen or are about to happen,” making it more enticing for the younger generation due to the ability to bet while watching the game, in a lower-stakes situation.

Jake Paul’s co-founder, Joey Levy, previously worked for and founded another betting company, making him the perfect business partner for Paul, who will focus more on the sports and media side of the app. While Jake Paul’s various ventures over the years have definitely funded his extravagant lifestyle, Paul and Levy still raised $50 million to create their startup company, with Variety Magazine revealing that some of the investors include “Travis Scott, Ezekiel Elliott, Richard Sherman, Dez Bryant and DeSean Jackson.”

The primary goal behind the creation of Betr is to increase the enjoyment of sports and add a level of excitement to each game, as fans can make small bets play-by-play as they watch the match live. Jake, who is 25 years old himself, told MMA News how if “you think about sport show hosts, none of them are under the age of 40 and sports betting is this old sort of archaic, outdated, not fun thing right now. Our company and app is going to take that over and make the product way more intuitive and way more fun for people to use.” In addition to the betting portion of the app, Paul shared how he will host his own sports show called “BS with Jake Paul” that is only accessible through this platform, and will showcase interviews with athletes and celebrities, with the overarching desire of this company to answer the question “what if ESPN was started today? That’s what we’re trying to build and to reach the audience where they’re at.”

While the app is not launched quite yet, anxious fans can visit their website here to receive early access. 

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email

Join Our Mailing List

    Recent Articles

    NFL Announces Rihanna Will Perform the 2023 Super Bowl Halftime Show

    The 2023 Super Bowl is going to be unlike any other before it: this will be the first game in nearly a decade that won’t be sponsored by Pepsi, rather being sponsored by Apple Music, but better yet, it will be Rihanna’s first time performing for the Super Bowl halftime show. Fans were ecstatic on September 25, when Apple Music, the NFL, and Rihanna herself, announced on social media that she would be taking the stage during next year’s big game.

    Cowboys’ Cooper Rush Makes History with First Four Wins

    Cooper Rush has become part of an exclusive club of quarterbacks who’ve had flawless starting seasons since the NFL’s inception. His latest role in the Cowboys’ 25-10 win against the Commanders on Sunday (Oct. 2) gave him a squeaky-clean 4-0 record in his first four Dallas starts–which makes him the first Cowboys quarterback in history to do so.

    Dance: Is it an Art or a Sport?

    Oftentimes we are taught to think of things in terms of their opposites: good versus bad, hot versus cold, dark versus light. It’s this mode of thinking that has led to many harmful stereotypes and disagreements. It is a limited way of thinking, and we should thus seek to move beyond its constraints. That is why when the matter of deciding whether dance is an art or a sport, my answer is less restricted. I think it is both.

    Dak Prescott’s Trouble with Practicing

    On Monday, Dak Prescott had stitches removed from his right hand and threw a few soft tosses, but it is clear that he is still not ready to return to practice yet. The Cowboys’ practice report shows that Prescott remains out.

    In an explosive statement, World Chess Champion accuses rival of cheating

    In a shocking statement posted on social media Monday, chess world champion Magnus Carlsen explicitly accused rival and fellow chess grandmaster Hans Niemann of cheating.
    Carlsen withdrew from the 2022 Sinquefield Cup in St. Louis following his third-round defeat against Niemann, which ended Carlsen’s 53-match unbeaten streak. After making only one move during the Julius Baer Generation Cup on September 20, he chose to withdraw while playing the American.

    Aaron Judge One Homerun Away from Making Baseball History

    Aaron Judge, a player for the New York Yankees, is one home run away from making history or at least replicating a record that hasn’t been set since October first of, 1961. This season has been an exceptionally successful one for the young outfielder. He has hit 60 home runs, making him only one shy of the American League record set by Roger Maris.

    Hey! Are you enjoying NYCTastemakers? Make sure to join our mailing list for NYCTM and never miss the chance to read all of our articles!