Sports Gambling Made Smarter
Fantasy Sports Co. wants to help users win at sports betting.
It’s a mobile platform that doesn’t just enable users to wager on sports — it provides analytics and tools to help users make smarter bets.
Sports gambling used to be a multi-billion-dollar illegal industry. But in 2018, the U.S, Supreme Court began legalizing sports gambling. Now it’s legal, or about to become legal, in 40% of U.S. states. And the legal sports betting industry is set to jump from $1.5 billion today, to $81 billion by 2030.
Fantasy Sports Co.’s initial platform, LineStar, is a comprehensive daily fantasy sports product. It enables users to place bets on games in the NFL, NBA, MLB, NHL, PGA, and college sports. The company recently released TrackWiz, which enables users to place bets on horse racing.
Now Fantasy Sports Co. is raising capital to expand its business and release its newest feature: a rewards program that enables users to earn up to 10% back on all bets — win or lose.
Fantasy Sports Co. is backed by Tech Coast Angels and Social Leverage, a venture capital firm. It has more than 500,000 users, and is generating $75,000 in monthly recurring revenue. Its platform has an average rating of 4.6 stars across iOS and Android.