You can say “slow burn” and “we just got started” and “we’re still working on product” all you want. That’s behind Fanatics, which was still in BETA TESTING until this week. For May and June combined, Betr is eighth of eight sportsbooks in both handle ($886,000) and revenue ($59,000). The numbers don’t get much better in Betr’s other sports betting state, Massachusetts. It’s 15th in gross revenue with $340,000 (but it needed to offer $749,000 in promotions to get to that number. For comparison, FanDuel handled $1.4 billion over the same timeframe the top 12 sportsbooks all handled more than $10 million. (*these are not industry stalwarts)īetr performs slightly better if you use the entire first six months of the year, but not much.
1% of the market behind industry stalwarts* like BetParx and MVGBet. First, here’s Ohio for June (the most recent month for which we have data):īetr came in 18th out of 18 sportsbooks in wagers handled in the month with $469,000. My top-level takeaway: I am not sure how you launch a sportsbook and have less success than Betr has. the house) in a bunch of states, and we’ll get back to that. The company also just launched real-money daily fantasy sports (aka parlay prop betting vs. Betr is live for legal sports betting in two states.
