—TechRound does not recommend or endorse any financial, investment, gambling, trading or other advice, practices, companies or operators. All articles are purely informational—
The gambling industry has undergone a remarkable transformation in recent years, driven by technological innovation, shifting regulations, and evolving consumer preferences. From sports betting platforms to blockchain-based casinos, startups are redefining how people engage with gambling, making it more accessible, secure, and immersive.
There are many examples in this space, including memocasino-uk.com, a platform that has captured attention with its innovative approach to online gaming, blending cutting-edge technology with user-friendly design to cater to a global audience.
Betr
Founded in 2022 by Joey Levy and Jake Paul, Betr has quickly gained traction as a micro-betting-focused sports betting platform. Unlike traditional sportsbooks, Betr allows users to place bets on specific moments within a game, such as the outcome of a single play.
This innovative approach appeals to younger, tech-savvy audiences who seek fast-paced, engaging betting experiences. Betr has raised $35 million in Series A funding, reflecting strong investor confidence in its potential to disrupt legacy gambling models. The company also emphasises responsible gambling, offering tools to help users manage their betting habits.
Jackpocket
Jackpocket is revolutionising the lottery industry by offering a mobile platform for purchasing and participating in lottery tickets. Founded in 2013, this New York-based startup has capitalized on the growing demand for convenient, digital access to lotteries like Powerball and Mega Millions.
Jackpocket’s app allows users to buy tickets, check results, and manage winnings seamlessly. With over $100 million in funding, Jackpocket has expanded across multiple U.S. states, making it a leader in the digital lottery space. Its focus on compliance and user convenience has earned it a loyal user base.
BetSwirl
BetSwirl is a blockchain-based gambling platform that stands out for its video game-inspired approach. Unlike traditional online casinos that target seasoned gamblers, BetSwirl incorporates storytelling, creative designs, and gamified elements to attract a broader audience.
By leveraging blockchain technology, the platform ensures secure, transparent transactions, addressing trust concerns common in online gambling. Founded in recent years, BetSwirl has gained attention for its innovative gameplay and commitment to user engagement, positioning it as a pioneer in the crypto-gambling niche.
Wagr
Launched in 2022 by Harvard Business School graduates Eliana Eskinazi and Mario Malavé, Wagr offers a social betting platform designed for casual bettors. Operating in Tennessee, Wagr allows users to place bets with friends and family, simplifying the process of choosing games and understanding odds.
The platform’s peer-to-peer model eliminates the traditional “betting against the house” dynamic, making it more approachable for newcomers, particularly women. Wagr’s focus on community and accessibility has made it a standout in the sports betting space.
BeyondPlay
BeyondPlay is a B2B SaaS startup that aims to transform online gambling by turning solitary gaming sessions into multiplayer, community-driven experiences. With a team spread across the UK, Poland, Malta, and other European countries, BeyondPlay has developed a platform that integrates real-time sharing and social features.
Recognised as one of Poland’s top 25 startups in 2021, BeyondPlay has attracted attention from industry publications like EGR and SBC Media. Its innovative approach to enhancing player engagement through social interaction sets it apart in the competitive gambling market.
Key Trends Driving Gambling Startups
AI, blockchain, and VR are at the forefront of gambling innovation. AI-powered platforms like Firm A (a pseudonym for a notable startup) use machine learning to provide real-time betting insights and personalised recommendations, improving user experiences and prediction accuracy.
Blockchain, as seen in startups like BetSwirl, ensures transparency and security in transactions, appealing to users concerned about fairness. VR startups are creating immersive casino environments, allowing players to interact with digital avatars in real-time, mimicking the ambiance of physical casinos.
Responsible Gambling
With growing scrutiny on gambling addiction, startups are prioritising responsible gaming features. For instance, Betr and Firm A offer tools like self-exclusion options and spending limits, earning praise from regulators and users alike. These features not only align with ethical standards but also build trust with consumers, a critical factor in a highly regulated industry.
Mobile-First Approach
The shift to mobile gaming has been a game-changer, with startups like Firm B capitalising on this trend by offering seamless, mobile-optimised casino games. The convenience of betting on the go has attracted a younger demographic, driving the success of mobile-first platforms. Statista reports that sports betting apps alone generated $9 billion in revenue in the U.S. in 2023, underscoring the importance of mobile accessibility.
Challenges Facing Gambling Startups
Despite their promise, gambling startups face significant hurdles. Regulatory compliance is a major challenge, as laws vary widely across countries and even within states in the U.S. Startups must navigate licensing requirements, anti-money laundering regulations, and measures to prevent underage gambling. Failure to comply can result in hefty fines or shutdowns.
Competition from established players like DraftKings and FanDuel is another obstacle. These giants have loyal customer bases and significant resources, making it difficult for startups to gain market share. To succeed, new entrants must offer unique features, superior technology, or exceptional user experiences.
Funding is also a concern. While sports betting and gambling startups raised $150 million in venture capital in 2023, this was a decline from $160.3 million in 2022 and $186.2 million in 2021, according to PitchBook. The challenging funding environment means startups must demonstrate strong traction and profitability to attract investors.
—TechRound does not recommend or endorse any financial, investment, gambling, trading or other advice, practices, companies or operators. All articles are purely informational—
