RaiseCapitalTV.com
Capital Amount: $1,000,001 +
Industry:
Software
Location: Saint Louis, MO
Mr. Fantasy Sportsbook is a new venture that seeks to provide the thrill of sports wagering without having to experience the agony of defeat. In the United States alone, 50 million people annually exchange $500 billion a year on real sports wagering while 80 million Americans participate annually in fantasy leagues. The "play for fun or prizes" concept has been a financial windfall for several poker websites, yet no venture has tapped into the sports wagering industry even though it dwarfs that of poker in every conceivable means of measure. As quoted in an October 19, 2006 Wall Street Journal article, "(the fantasy sports wagering industry) creates an opportunity you can drive an 18-wheel truck through."
The Legal
This service is only a contest where points determine the winner of preset prizes.
The Service
Our service will be to provide a website that runs and operates a fantasy sportsbook. Each month, members will start with 10,000 points to wager on major sports. Big (car, sports vacation packages, etc.) to small ticket prizes will be awarded monthly. Members may even run their own leagues through the site.
The Sales
After 30 free days, members are charged $3.95 per month. This could fluctuate based on user performance or the purchasing of packages. As visitors to the website increases, so will paid advertising revenue. With a large marketing budget, sales will increase 40% month over month through year 1. With pioneering new services and momentum

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