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Philly Based Venture Capital Firm Invested In VSIN

SeventySix Capital, a venture capital firm based in suburban Philadelphia, has a strategic investment in Vegas Stats & Information Network, the Las Vegas-based media network that covers sports betting news. 

The Philadelphia Daily News reports that a spokesperson for SeventySix Capital declined to disclose the amount of the investment, but said it was within the range of $250,000 to $1 million.  

The investment reflects the expansion of legal sports gambling across the country after the U.S. Supreme Court struck down a federal ban earlier this year.  Sports betting parlors have already opened in New Jersey casinos and racetracks.