DraftKings has raised nearly three times more VC funding than any other US sports-betting or online-gambling startup, according to PitchBook. Before DraftKings went public in 2020, it was the most-funded startup in the space - and it's held onto that crown. Here are the companies that have received the most funding to date: PitchBook tracked the VC deals among US startups in sports betting and online gambling dating back to 2006.

Some early gaming innovators like Playdom and Sorteo Games, which received tens of millions in funding in the mid-2010s, have already closed their doors.ĭespite those cases, the online-betting market is still projected to grow for years to come, and there will continue to be more startups looking to use that potential growth as a reason to attract venture capitalists and angel investors. Have an account? Log in.īut history shows that not every startup will survive and thrive. This story is available exclusively to Business InsiderĪnd start reading now. Account icon An icon in the shape of a person's head and shoulders.