Jake Paul Raises $50 Million for ‘Betr’ Sports Betting and Media Company

Jake Paul Raises $50 Million for 'Betr' Sports Betting and Media Company

Jake Paul vs Tyron Woodley promos

Jun 3, 2021; Miami Beach, Florida, USA; YouTube star Jake Paul looks on at World Famous 5th St. Gym. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

Jake Paul announces $50 million in funding for a new sports betting and media company ‘Betr’
Betr set to launch with ‘BS With Jake Paul’ series, while sports betting platform focuses on micro-betting
Sports betting company noted it has secured market access in several states ahead of a future go-live date

Jake Paul’s rise in the world of sports continues to take shape, as the YouTuber-turned-boxer has announced $50 million in funding for a new company known as ‘Betr’.

Touted as the first direct-to-consumer micro-betting focused sports betting platform, Betr will launch as a media company and wagering operator. Jake Paul is serving as Founder and President in partnership with Founder and CEO Joey Levy.

With a new weekly sports show titled ‘BS With Jake Paul’ and a fresh sports betting app that puts micro-betting at the core of the product, Betr is expected to provide a unique experience for all sports bettors whenever they launch.

Jake Paul & Partner Announce $50 Million in Funding for Betr

Jake Paul is teaming up with sports betting entrepreneur Joey Levy to launch the Betr sports betting and media company. 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 announced today the creation of @betr. Betr touts itself as the first direct-to-consumer micro-betting focused sports betting company.

It also announced through a release it has raised $50 million in Series A funding.

— RLinnehanXL (@RLinnehanXl) August 8, 2022

As he explains in a post introducing Betr, Levy is expanding his focus on in-play wagering with this brand new platform. The co-founders have raised $50 million in funds for Betr from a wide variety of investors.

Betr Sports Betting and Media Company Details

In a video explaining he recently turned down a separate $40 million offer, Jake Paul explained Betr will have two components – a media side and a sports betting side.

I turned down $40 Million for this. @betr pic.twitter.com/r6BGQq7EfJ

— Jake Paul (@jakepaul) August 8, 2022

The Betr sports media side will debut with the ‘BS With Jake Paul’ weekly sports show. Meanwhile, the Betr sports betting app will focus solely on micro-betting, a type of wagering that only deals with play-by-play events as opposed to outcome wagering.

Market Access Secured in Several States Ahead of Future Launch

Betr will initially launch as a free-to-play game and will work towards launching as a micro-betting platform in individual states.

WELCOME TO BETR ⚡️ pic.twitter.com/fgijAh3QX8

— betr (@betr) August 8, 2022

While details are currently few and far between on an official launch for the Betr sports betting app, there’s clearly a ton of energy behind this brand new product.

Stay tuned to Sports Betting Dime  for any and all important updates surrounding the Betr sports betting app, as well as the latest news surrounding Jake Paul’s highly anticipated next fight.

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Mitchell South

MMA
Sportsbooks
Gambling
Horse Racing

A sports fanatic and strategic wordsmith, Mitchell has been writing gaming content for over seven years. As sports betting emerges in markets across the globe, he’s ready to journey alongside those who haven’t wagered before with informative articles and comprehensive how-to guides.

MMA
Sportsbooks
Gambling
Horse Racing

A sports fanatic and strategic wordsmith, Mitchell has been writing gaming content for over seven years. As sports betting emerges in markets across the globe, he’s ready to journey alongside those who haven’t wagered before with informative articles and comprehensive how-to guides.

Author: Jesse Smith