Sports Betting and Gambling Startups That Raised the Most VC Money – Business Insider

Sports betting and online gambling have boomed in recent years as regulatory shifts have made wagering big business in the US.

Some of today's biggest players like DraftKings and FanDuel recognized the online-betting opportunity early on and have reaped the benefits of the first-mover advantage. Startups like Mojo and Sporttrade, which have raised funding in the last few years, are also attempting to disrupt norm established by the big names.

But history shows that not every startup will survive and thrive. Some early gaming innovators like Playdom and Sorteo Games, which received tens of millions in funding in the mid-2010s, have already closed their doors.

Despite those cases, the online-betting market is still projected to grow for years to come, and there will continue to be more startups looking to use that potential growth as a reason to attract venture capitalists and angel investors.

PitchBook tracked the VC deals among US startups in sports betting and online gambling dating back to 2006. Here are the companies that have received the most funding to date:

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Sports Betting and Gambling Startups That Raised the Most VC Money - Business Insider