EBET, Inc. Overview
Pro stress-test →EBET, Inc. develops and operates platforms to provide a real money online gambling experience focused on casino, sportsbook, and esports events in the United States. The company operates a portfolio of proprietary online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. The company is focused on bringing better odds and technology solutions to cater to the Millennial and Gen-Z demographics.
Strategic Profile
Pro stress-test →It has an expanding portfolio of intellectual property with patents pending around odds modeling simulation, an electronic sports betting exchange system, live streaming odds integration and enhancing modeling probabilities in multi-player games. However, the company faced significant operational challenges; in fiscal year 2023, EBET, Inc.'s revenue was $39.18 million, a decrease of -33.14% compared to the previous year's $58.60 million, and losses were -$88.33 million, 91.3% more than in 2022.
Competitive Landscape
Pro stress-test →EBET operates in competitive markets that include large global i-gaming and sportsbook operators, regional casino groups and B2B platform providers. While EBET is a microcap with a niche footprint, competitors range from large integrated operators to specialized esports wagering platforms and i-gaming technology providers.
Industry Context
EBET, Inc. operates in Esports Betting & iGaming Platforms.
Key facts
Founded: 2020 · Headquarters: Las Vegas, Nevada · Employees: N/A · Revenue: $39.18M (FY2023) · Market cap: N/A