Slips builds a real-money gaming mobile app that lets users buy official state lottery tickets through licensed retailers, with tickets digitized and stored in-app, and it also enables peer-to-peer betting through a social betting exchange. For sports, players challenge one another or pools on outcomes in leagues like the NFL, NBA, MLB, and NHL, with winnings paid promptly after events and a process for larger sums. Revenue comes from convenience and payment processing fees on lottery transactions. Slips differentiates itself by pairing official lottery access with a social, community-driven betting experience and by tying online bets to real-world venues through Slips Live geo-location features, aiming to make real-money gaming more social and accessible.
Company Size
1-10
Company Stage
Seed
Total Funding
$3.5M
Headquarters
Los Angeles, California
Founded
2019
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