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.