Sports Betting Business Poised to Reach over $182 Billion by 2030- A conversation with Robert Kraft
Mark Adrian
CEO & Founder at The Wall Street Luxury Group. Delivering Luxury Solutions. CEO Wall Street Yachts. Chairman Palm Beach Luxury Group. CEO Exclusive Frontiers.
The sports betting industry has experienced explosive growth in recent years and shows no signs of slowing down worldwide. According to a new report by Grand View Research, the size of the global sports betting market is estimated to reach USD 182.12 billion by 2030, registering a CAGR of 10.3% from 2023 to 2030.
Wall Street Luxury recently talked with our client Robert Kraft, Founder of Atlas World Sports, about the sports betting business and how this early stage company has demonstrated its potential to disrupt the sports betting industry.
Atlas World Sports, founded in January 2021,?completed its seed round of financing this month and plans to move toward Series A financing in early 2024. With a strong management team and a focus on scalability, the company is well-positioned to capitalize on the increasing demand for unique sports betting and sports experiences worldwide.?
What inspired you to create Atlas World Sports?
?What inspired us to create Atlas World Sports was our passion for sports and our desire to provide an innovative solution to the challenges faced by bettors.
We understood that many enthusiasts struggled to find reliable sources of information when making their betting decisions.? Often, they had to scour through multiple websites and forums to gather relevant data before placing their bets.?
We envisioned Atlas World Sports as a one-stop destination where users could access real-time odds, statistics, and expert insights on various sporting events from around the world.?
Our goal was not only to simplify the process but also to enhance it by providing an engaging platform where users can interact with fellow bettors and share their expertise and revolutionize the sports betting experience for passionate bettors.
You refer to Atlas World Sports as the “Expedia” of sports betting, please explain?
Similar to how Expedia consolidates various travel services, Atlas World Sports offers users a comprehensive and user-friendly platform that brings together an extensive collection of sports betting opportunities from around the globe.?
Just like Expedia simplifies the process of booking flights, hotels, and car rentals in one place, Atlas World Sports streamlines the experience of placing bets on different sporting events.
?With just a few clicks, users can access an array of markets, odds, and bet types across multiple sports disciplines. Moreover, Atlas World Sports provides users with valuable information and resources to make informed decisions.?
Just as Expedia offers customer reviews and ratings for hotels and airlines, Atlas World Sports offers expert analysis, statistics, and historical data to help bettors make more strategic choices.
Furthermore, similar to how Expedia ensures a secure booking process with reliable payment options, Atlas World Sports prioritizes user safety by employing advanced security measures for financial transactions.
How many sports are available for tracking on the app?
Currently, we have 12 different leagues covered from the NFL, to NBA, MLB, NCAA, WTA, PGA, UFC, etc. –?
By the end of 2024, we will have Premier League and many other soccer leagues as well. The growth ahead is beyond exciting.?
Who are some of the current partnerships and affiliate who have signed on to be part of the app?
A.???? NFL, NBA, NHL, MLB, NCAA, etc. (every league on our app)
B.???? Caesar’s, MGM, Fanduel, DraftKing’s, Hard Rock, etc. (every sportsbook on our app)
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C.??? Stub Hub
D.??? Fubo Tv
E.???? Fanatics Apparel
What are some milestones achieved since inception in February 2020?
?Who are Atlas World Sports competitors?
Action Network and OddsChecker?
Action Network launched in 2018 and was acquired by Better Collective in 2021
Action Network acquired by Better Collective for US$240m - News - Betting, Investment, North America - SportsPro SmartSeries (sportspromedia.com)
Oddschecker was founded in 1999 acquired by by Flutter – Fanduels Holding Co. in July 2020 and sold to a sold to a private equity firm in 2021 for $215M
How are you different from your competitors?
With a solid foundation and a clear vision, the. Atlas World Sports provides an innovative approach to providing global sports experiences and services that sets it apart from traditional competitors.
Furthermore, Atlas World Sports has already secured strategic partnerships with major league organizations and has successfully built the platform that is 100% Atlas World Sports built and owned.
What are your plans for growth?
At Atlas World Sports, our plans for growth revolve around expanding our global reach and enhancing our offerings to athletes and sports enthusiasts worldwide. We aim to establish strategic partnerships with prominent sports organizations, clubs, and leagues to provide a diverse range of opportunities for athletes at all levels. Additionally, we are keen on investing in cutting-edge technology and infrastructure to improve the efficiency of our operations and deliver seamless experiences to our clients.
Our focus remains on building a strong network of talented individuals who share our passion for sports, enabling us to continually innovate and grow in the dynamic world of athletics.
With a strong management team and a focus on scalability, the company is well-positioned to capitalize on the increasing demand for unique sports betting and sports experiences worldwide.
Investing in Atlas World Sports now could yield significant returns as it continues to grow its position in a rare market with explosive growth and earnings potential for the next 3 – 5 years.?
Robert’s knowledge, enthusiasm and passion for this business is contagious. If you would like to talk with with Robert about Atlas or would like additional information Please contact [email protected]?