Derby Games launches on Republic

By DrHannibal | DrHannibal | 19 Oct 2019


Most adults in the U.S. don't have access to legal online gambling. In a country where $160 Billion is spent each year on legal gambling, only $306.5 Million of that comes from legal online channels. It is estimated that $380 Billion is spent on the illegal online gambling black market — more than double the legal market.

As more people turn to online gaming and gambling for entertainment, there’s a growing need for a trusted platform where people can participate in online games, place safe bets, and have the security of an established company.

That's where Derby Games comes in. They're a smart, licensed gaming brand looking to expand as legal online gambling grows in the States. They've seen $75+ Million in total bets placed on their platform, with 600,000 U.S. accounts created since they started. They previously attracted a Series A investment from Reddit co-founder Alexi Ohanian. Best of all, they're cash-flow positive.

Derby's products include traditional gambling games and even practice rounds, so users can practice making bets before moving on to the real thing. They aim to make gambling fun for all, while allowing customers to interact with each other as they enjoy a unique gaming experience.

 

Highlights

  • An established licensed gaming brand ready to capitalize on an exploding market
  • $75 Million+ total bets on the platform
  • $6.1 Million Series A, including investment from Reddit co-founder Alexis Ohanian
  • 600,000 U.S. sign-ups, 200,000 verified accounts, 35,000 funded accounts
  • Partnerships with gaming industry leaders, including Xpressbet
  • A Proven track record: Cash-flow positive and $2,400,000 in revenue in 2018

 

How do you rate this article?


0

0

DrHannibal
DrHannibal

Tech, sport, natural science expert


DrHannibal
DrHannibal

In this blog i will publish various subjects such us crypto news, tech news and science news

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.