$50M Behind Jake Paul's Florida Mobile Sports Betting App

Jake Paul is making his entrance into the Sports Betting Hall of Fame with his new micro-betting company, Betr.

$50M behind Jake Paul's Florida Mobile Sports Betting App. Paul has been busy with various ventures since his celebrity status. He has also developed a professional boxing career.

Bettr wants to be the category defining consumer company in sports betting and sports media by the end of the decade.

Jake Paul has invested $50 million in Florida Mobile Sports Betting App.

Jake Paul has invested $50 million in Florida Mobile Sports Betting App. Joey Levy, a sportsbook software veteran, is helping Paul with the project. Mike Denevi, the former Bleacher Report personality, has been appointed as head of media. The app is not due to launch until later this year.

Jake Paul's Betr app is a mobile sportsbook. Florida sports betting is not legal yet. The Hard Rock Sportsbook was suspended last November due to legal issues with the Seminole Tribe. Florida will probably not see the arrival of major sportsbooks until 2024. There are currently only international sports books with legal mobile betting apps in Florida.

DraftKings and FanDuel focused on fantasy sports until the nation turned a corner on domestic wagering.

Jake Paul is the first celebrity to get involved with the legal sports betting industry. Betr will have the presence and finances to participate in the industry by the time states like Florida gain access to sportsbooks.

"We are getting licensed state-by-state, adhering to each state’s regulatory framework while advocating for important consumer protections and responsible gambling."