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FTN Network Leverages Strong Q1 2023 Growth to Close $500k Bridge Round from Techstars Sports Accelerator

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FTN Network, a data company specializing in delivering affordable, customizable, extraordinarily detailed and accurate data for betting, season-long fantasy and daily fantasy announced the closing of its $500,000 Bridge Round, which oversubscribed; with the help of Techstars, a global accelerator for technology startups. FTN was selected to participate in the Techstars Sports Accelerator Powered by Indy program in Indianapolis in April 2022. FTN is now actively raising a $3–5 million seed round to help expedite and scale the company, building on its robust early growth in traffic, subscription revenues and social media engagement.

More specifically:

  • Q1 2023 traffic was up 54% (year-over-year) across the FTN network of sites.
  • Q1 2023 subscription revenue was up 34% (year-over-year) across the FTN network of sites.
  • FTN YouTube views are up 32% (year-over-year) and overall subscribers are up 31% (year-over-year).
  • FTN Podcast Network downloads are up 25% (year-over-year).

“Our goal and mission with FTN was to create a fantasy and sports betting data company that allowed any user — from those with a limited budget to a top-of-the-line sportsbook — the flexibility to use our data and tools in ways that fit their specific needs. We never wanted to box our customers into a rigid system. Our exemplary year-over-year results are proof that our vision is filling a great need in the market,” said Kevin Adams, CEO of FTN Network.

“The closing of our bridge round from the Techstars Accelerator is going to help us invest in areas of our business where we’re seeing strong engagement, create new strategic partnerships with providers, tech companies and sportsbooks, and expand our talent pool with new developers and advisors to continue scaling and building one of the most innovative sites in the industry,” Kevin Adams added.

In recent months, FTN has signed strategic partnerships with companies such as Sorare, Bettle and Prediction Strike, and rolled out two significant new tools which are gaining popularity with users and achieving significant traction in Google search results. First, its Same Game Parlay Tool on FTNBets.com takes APIs from the six largest US sportsbooks and compares a user’s same game parlay line with FTN Data projections to create “True Odds.” This allows the user to stay away from bad payouts and shop for the best odds. Second is their Player Prop Tool, which shows the best player prop bets available using their FTN Data projections to calculate win%, edge and expected value while offering the best line on the market to place that bet. This allows users to leverage FTN Data to make the most educated player prop bets as possible.

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“As we look toward our next round of funding, our sights are focused on scaling our existing products and services, and integrating the NBA and PGA into FTN Data, all while expanding into the business-to-business (B2B) market with FTN Data. By investing in more charters (people watching games and collecting data in real time) we’ll have the ability to push our data to clients quicker, creating an opportunity for our users to make smarter and faster decisions. We at FTN are relentless in our approach to innovation and our goal of providing the most customizable data sets and products for each customer or corporation,” said Stefano Vaccarino, FTN’s Chief Marketing Officer.

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Bally Bet Sportsbook & Casino app

Bally’s Interactive Launches the New Bally Bet Sportsbook & Casino App in Ontario

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Bally’s Interactive, the digital and sports betting division of Bally’s Corporation, has launched the all-new Bally Bet Sportsbook & Casino app in Ontario, Canada. This latest release marks another significant milestone for the company, following the recent app update in New Jersey and a series of successful app launches in the past year, including the introduction of Bally Bet Sportsbook across multiple states and Bally Casino in Rhode Island.

The updated Bally Bet Sportsbook & Casino app represents a major step forward, as it combines the functionalities of the existing Bally Casino app and Bally Bet Sportsbook app into one comprehensive platform. Powered by White Hat Gaming, this new app allows players residing in or traveling to Ontario to conveniently place wagers on both sports and casino games using a single app, account, and universal wallet.

“We are thrilled to introduce the new Bally Bet Sportsbook & Casino app, marking a significant milestone for Bally’s. This integrated platform merges the features of our previous apps, providing players in Ontario with a seamless experience for both sports and casino betting. Our commitment to enhancing the player experience remains at the forefront as we strive to personalize the enjoyment of playing Bally Bet,” said Robeson Reeves, CEO of Bally’s Corporation.

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BCLC

Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids

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BCLC reminds adults to gift responsibly this holiday season

With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.

“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”

While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.

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“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”

In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.

“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:

  • Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
  • Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
  • Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
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AGCO

Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier

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Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.

This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.

Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.

“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.

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