Economic uncertainty has shaken the startup landscape Of course, it's much more challenging to be a startup today than it was even six months ago. Insider spent six months compiling and analyzing information on companies in the US sports-betting ecosystem to build a database of startups in the industry. That was up from 32 deals worth less than $200 million the year before. In 2021, PitchBook tracked 44 venture-capital deals totaling $700 million in US sports betting as of late December.
Other prominent VCs have backed "picks-and-shovel companies" that supply the technology and infrastructure underpinning the betting experience. The US sports-betting boom has given rise to a robust startup community that's innovating on everything from the bets gamblers can place in a game to the way they cash out their winnings.Ĭompanies like the fantasy-sports platform Underdog Fantasy, microbetting startup Simplebet, and gaming platform Players' Lounge have scored splashy investments from the likes of entrepreneur and Dallas Mavericks owner Mark Cuban, influencer and boxer Jake Paul, and rapper Drake, respectively.
It includes online gambling, fantasy sports, data, media, tech, and more types of companies.Insider built a database of startups innovating in the space that have raised at least $1 million.Startups are transforming the US sports-betting ecosystem.The popularity of predictive gaming shows no signs of slowing down and we look forward to continuing to build and iterate the BetRush platform in Sacramento.”Īs Sacramento Kings CTO Ryan Montoya told SportTechie earlier this month, referring to the seeming inevitability of legalized sports betting, “We know where this is going and we want to be prepared.” The Kings envision BetRush as a complement to Call the Shot, and another opportunity to provide a game that keeps fans more engaged now while also educating them on sports betting for the future. “Nobody is better than the Sacramento Kings at building best-in-class fan experiences utilizing technology. “We’re proud to bring this gaming technology to the NBA with a forward-thinking and creative organization like the Sacramento Kings,” said Swish Analytics co-founder Bobby Skoff in a news release.
#Swish analytics free
Players receive free credits to start playing BetRush and can earn extra credits that can be redeemed for raffle tickets for prizes such as Kings tickets and autographed merchandise. Among the predictions fans can make are for the number of points and rebounds players might pick up, or the team points scored in a certain quarter or the entire game. Swish Analytics will provide betting-themed stats, odds, and visualizations. Working with industry leaders like Swish Analytics allows us to test and perfect this technology to give fans the best experience in future seasons.”īetRush will be available in the lounge for four Kings games from Mar. “Predictive gaming is incredibly disruptive and will only continue to gain popularity in the NBA and beyond. “Basketball fans across the country are clamoring for gaming options, and we’re thrilled to be the first NBA team to bring this unique experience to Sacramento,” Ranadivé said in a statement. Kings owner and chairman Vivek Ranadivé was set to discuss the team’s plans further at the league’s Tech Summit in Charlotte on Friday morning. There, iPads and other monitors will host a predictive gaming experience called BetRush and created by Swish Analytics.
#Swish analytics upgrade
(Courtesy of the Kings)īarely a week after revealing an upgrade to Call the Shot-created by Xperiel with sponsorship from MGM Resorts-the Kings announced the creation of the Skyloft Predictive Gaming Lounge in their home venue, Golden 1 Center. The Sacramento Kings are further embracing the future of sports betting in California with the launch of another new gaming app.