SeventySix Capital Makes Strategic Investment in Sports Betting Media Leader, Vegas Stats & Information Network
Brent Musburger's VSiN Supports the Sports Tech Venture Fund’s Continued Investment into the Burgeoning Sports Gambling Industry
PHILADELPHIA, PA and LAS VEGAS, NV – July 23, 2018 – Today, SeventySix Capital announced a strategic investment in Vegas Stats & Information Network (VSiN), the first media network dedicated to sports betting information. The deal, led by SeventySix Capital partners, former MLB superstar Ryan Howard, Wayne Kimmel and Jon Powell, will help VSiN create and distribute compelling and actionable sports gambling content across a growing number of platforms. The funding will also allow VSiN, co-founded by acclaimed sportscaster Brent Musburger, to expand its video capabilities and data offering.
“The sports betting industry is projected to be over $250 billion by 2020¹ and we believe that VSiN is positioned to capture a significant share of the media and analytics segment of this new market,” said Kimmel, “We’re excited to partner with the VSiN team to build the media network for the sports betting industry.”
“If someone is going to place a sports bet, credible information is crucial,” Howard said, “My partners and I at SeventySix Capital are investing in the elements within the sports betting industry that consumers need, including data collection, analytics and, now, media.”
In 2017, VSiN debuted with just three hours of live programming. Today, the one-of-a-kind network has a loyal and growing audience, a popular subscription product and is broadcasting 24/7 on SiriusXM and vsin.com. The investment from SeventySix Capital will support VSiN’s mission to expand their efforts of delivering the news, data and expert analysis of the rapidly growing sports betting industry that fans need to succeed.
“This investment comes at an exciting time, as the legalization of sports gambling across the country is driving an evolution within the sports media space. This will change the way people watch sports,” said Brian Musburger, VSiN Co-Founder and Chairman. “We couldn’t be more thrilled that Wayne, Ryan and the SeventySix Capital team are taking this ride with us. The team’s knowledge and expertise within sports and technology make them an essential partner. We’re looking forward to leveraging their expertise and relationships to capitalize on the huge and rapidly growing opportunity within the sports betting space.”
About SeventySix Capital
SeventySix Capital is a sports tech venture capital company led by Wayne Kimmel, Jon Powell and MLB superstar, Ryan Howard. The fund invests in passionate, smart and nice entrepreneurs who are launching game-changing tech startups in the sports, retail and wellness industries. SeventySix Capital was nominated as an Outstanding Investor by SportTechie.
Kimmel founded the firm in 1999 with top exits to Fortune 500 companies including Aramark, Intel, IBM, Walgreens, and Yahoo. Powell is also the CEO of Kravco Company LLC, a leading real estate company that developed over 30 million square feet of commercial space including the King of Prussia Mall. His family was an owner of the Philadelphia/Baltimore Stars, the two-time United States Football League champions. Howard, a World Series Champion and 2006 NL MVP, is known as one of the all-time great home run hitters. His investment portfolio includes professional gaming team, NRG Esports, alongside Shaquille O’Neal, Jimmy Rollins, Alex Rodriguez and Jennifer Lopez.
SeventySix Capital has a strategic partnership with Rubicon Talent, a sports marketing and talent agency based in New York City, with clients including NFL stars Emmanuel Sanders, Greg Olsen, and Mark Ingram, Olympians Kerri Walsh Jennings and Lolo Jones, NFL All Pro DeMarco Murray and MLB legend Cal Ripken, Jr.
Launched in 2017, VSiN is the first media network dedicated to providing news, analysis and proprietary data to the millions of Americans who bet on sports and make gambling a multimillion-dollar industry.
Fueled by award-winning broadcasters and legendary oddsmakers, VSiN informs and entertains these consumers wherever and whenever they want it. A dedicated SiriusXM Radio channel (204) is among the platforms on which VSiN is available, which also include live video streaming, web, mobile and social.
¹Source: Business Wire
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