Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- The LTV for a retained online sports bettor is $2500 over 3 years. However, casino's sports betting apps lose 92% of their users by the third month. One of the primary drivers of this super leaky bucket is the single player design of these casino applications.
The thing that we learned from our failed P2P sports betting network is that sports betting is not really about winning a bet. It’s really just an opportunity to hang out with friends. People join their friends bets as an excuse to talk and text throughout the whole game.
And so a big part of what people want is just an easy way to see what a friend is betting on and join them across casino platforms.
Wager Games is the social infrastructure that connects the world's bettors across casino platforms that makes it easy for bettors to see what friends are betting on and join a friend's bet in one click.
This gives sports bettors more ways to play and more reasons to stay. Solving retention for casinos!
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