Business Highlight:
Asking Price: $3,300,000 (1x current bets-placed run rate)
Looking for an exciting opportunity to invest in the lucrative Fantasy Sports betting industry with MASSIVE upside potential? Look no further than this business...and app-based platform that provides a legal and engaging alternative to traditional sports betting. Our platform allows users to use their sports knowledge and skills to make predictions on multiple players in multiple formats, and win money if they're correct. With options for both traditional sports and e-Sports, users can win up to 40 times the amount they play.
The company has a strong track record of success and growth, making it an excellent acquisition opportunity in the sports industry. Don't miss out on this chance to acquire a promising and profitable platform.
Props-based fantasy has gained popularity and traction in the community over the past 4+ years, particularly among casual sports fans who do not want to spend hours submitting lineups on DraftKings and FanDuel and competing against thousands of other users. This game format is simple and easy to use, which has contributed to its incredible growth.
Looking for an exciting opportunity to invest in the lucrative Fantasy Sports betting industry with MASSIVE upside potential? Look no further than this business...and app-based platform that provides a legal and engaging alternative to traditional sports betting. Our platform allows users to use their sports knowledge and skills to make predictions on multiple players in multiple formats, and win money if they're correct. With options for both traditional sports and e-Sports, users can win up to 40 times the amount they play.
The company has a strong track record of success and growth, making it an excellent acquisition opportunity in the sports industry. Don't miss out on this chance to acquire a promising and profitable platform.
Props-based fantasy has gained popularity and traction in the community over the past 4+ years, particularly among casual sports fans who do not want to spend hours submitting lineups on DraftKings and FanDuel and competing against thousands of other users. This game format is simple and easy to use, which has contributed to its incredible growth.
I have been playing fantasy sports for a while on different apps and sites. Out of all I would recommend [this company] for the friendly user interface and ease of transactions. Unlike other apps which are cluttered with various sports and multiple odds, [this app] interface is organized and easy to play.
Company Features:
Business Model and Pricing:
Our customers typically have a lifetime of 4-6 months, during which they spend approximately $500-$600 on our platform. As a props-based fantasy sports platform, our users tend to spend more and spend quickly, due to the ease and convenience of submitting lineups in just a few seconds. In 2022 alone, our users have wagered over $3.2 million on the app.
Customer Profile
Our current customer base is primarily made up of individuals between the ages of 18 and 45, with a strong concentration of male customers. The majority of our customers are located in the United States, with a significant presence in California, Texas, Georgia, Florida, New Mexico, Oregon, North & South Carolina, Illinois.
Our customer demographics reflect the overall trend of fantasy sports being popular among young, male sports fans. However, we also have a diverse customer base that includes individuals of all genders and ages who are interested in participating in fantasy sports.
Our users have a wide range of interests when it comes to sports, and they enjoy playing a variety of games on our platform. Specifically, 30% of our users play NBA and Women's NBA, 20% play NFL, 15% play MLB, 10% play NHL, 15% play soccer, 3% play cricket, and 5% play eSports.
Tech stack:
Our technology stack is designed to support a seamless and efficient user experience for our users. It is built on an event-driven microservices architecture, which allows us to scale and adapt quickly to changing requirements. The stack includes the following components:
Mobile Apps: React Native to seamlessly render to both iOS seamlessly and Android devices.
APIs: Our real-time APIs, built with NodeJS and deployed on AWS powers mobile app & also integrates with 3rd party service providers
Backend Processing:
- Scoring Engine
- Data Engine
- Ranking and Fantasy Engine
Databases:
- Serverless MongoDB as primary database
- AWS Aurora MySQL database used for reporting and analytics
Growth opportunity:
Daily Fantasy Sports. Fantasy Sports market size was valued at 18.6B USD in 2019 and is expected to reach $48B USD in 2027
Daily fantasy sports (DFS) have become increasingly popular in recent years, and it is expected to continue growing in the next 5 years. Some of the trends in the DFS industry include:
Increased adoption of mobile platforms: Many DFS companies now offer mobile apps, which makes it easier for users to play on the go.
Growing interest in non-traditional sports: In addition to popular sports like football and basketball, DFS platforms are now offering games based on sports like golf, soccer, and even eSports.
Increased competition: As the DFS industry grows, recently, more companies are entering the player props-based fantasy sports market.
Greater involvement of professional sports leagues: Some professional sports leagues, like the NBA and NHL, have formed partnerships with DFS companies. This has helped to increase the credibility and mainstream appeal of DFS.
The Fantasy Sports Market is valued at USD 21.39 billion in 2021 and is expected to reach USD 48 billion, with an estimated CAGR of 12.92% over the forecast period of 2022-2027.
eSports: This company is poised to take advantage of the lucrative and fast growing eSport market. eSports is characterized by regional or international video gaming events in which professional and amateur players compete against each other. In 2022, the global eSports market was valued at just over 1.38 billion U.S. dollars. Additionally, the eSports industry's global market revenue was forecast to grow to as much as 1.87 billion U.S. dollars in 2025. Asia and North America currently represent the largest eSports markets in terms of revenue, with China alone accounting for almost one fifth of the market.
Key assets:
Reason for selling:
Founders are tech savvy, but lack the marketing skills to scale the business to it's full potential.
Financing:
Founders are flexible on terms and financing. Options include: * Cash * Third party funding * Strategic acquisition / Equity swap * Aqui-hire * Seller financing * Earn-out (30% cash down needed to take care of initial investors)
- Brand
- Website
- Social media accounts
- Domain
- Customers
- Marketing materials
- Codebase and IP
Reason for selling:
Founders are tech savvy, but lack the marketing skills to scale the business to it's full potential.
Financing:
Founders are flexible on terms and financing. Options include: * Cash * Third party funding * Strategic acquisition / Equity swap * Aqui-hire * Seller financing * Earn-out (30% cash down needed to take care of initial investors)
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