Bet Booth

Overview
Sports Tech?
Product stageSegments
Minimum Viable Product
?
Sports betting and fantasy platforms
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Bet Booth, Inc. is a Las Vegas-based software and technology company that offers a fully automated and secure sports betting platform. The company's flagship product is a patented standalone retail sports wagering kiosk that enables users with government-issued identification to sign up and place bets in under 60 seconds through its built-in biometric verification system. The kiosk meets all regulatory requirements, including GLI-20 and GLI-33 certifications from Gaming Laboratories International as of October 2022, ensuring compliance with industry standards.

Bet Booth's self-service kiosks are designed to make sports betting accessible and convenient for casual and first-time bettors. Users can sign up, place bets, fund their accounts, and cash out winnings instantly without any need for staff assistance. The kiosks allow users to wager on five major professional sports, including point spread, moneyline, and over/under bets. After signing up at a kiosk, users can also access their accounts and place bets through Bet Booth's web, iOS, and Android applications.

The company's business model involves partnering with entertainment venues, such as bars and restaurants, to install its kiosks. The kiosks require only an electrical outlet and internet connection, enabling venues to offer sports betting without additional labor costs while potentially increasing foot traffic and revenue from food and beverage sales. Bet Booth was founded in 2019 and aims to expand its kiosk network across North America.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Las Vegas NV USA
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 2.2 mn
Last Funding:
USD 2.2 mn (Seed; Jun 2022)
Last valuation:
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