The offering is much the same as sister site Tebwin, including a free 10 bet when you deposit and bet 10. Launched in 2021, ProgressPlay’s BetStorm offers a wide range of sports to bet on, including everything from football to ski jumping. SeventySix’s new fund is expected to back esports and sports data companies, as well. Other fast withdrawal options include Neteller, PayPal, Payz, and Visa. sports betting market that could be worth $22 billion once betting is legalized across all 50 states, according to DraftKings. The VC firm’s fund aims to profit from a U.S. The same month, it sold sports betting media network VSiN to DraftKings for $70 million.In March, it sold sports content house Team Whistle to Eleven Sports, a broadcaster founded by Leeds United owner Andrea Radrizzani.It sold sports betting operator Vigtory to FuboTV for $37.2 million in February.SeventySix has offloaded a number of ventures this year. Pennsylvania’s Ben Franklin Technology Development Authority allocated $1 million toward the fund. Retired NFL players Brian Westbrook, DeMarco Murray, and James Develin are also investors, along with Buffalo Bills wide receiver Emmanuel Sanders. The first SeventySix sports betting fund raised roughly $40 million, according to a 2017 SEC filing. The new fund includes investments from Pittsburgh Pirates owner Robert Nutting and AMBSE Ventures, an investment fund backed by Atlanta Falcons owner Arthur Blank. SeventySix Capital has formed a second venture capital fund focused primarily on sports betting, and it’s expected to reach $50 million when fully capitalized.
