Now, Drake is jumping into games wagering, after making a significant investment into gaming and betting site ‘Players’ Lounge.’
Players’ Lounge is a startup company that pits players against each other in a selection of 10 of popular titles, with an intriguing catch – there’s money on the line.
The site joins up players of similar skill and rewards the winner with a cash prize, based on the money they put up for their match.
While Drake’s investment amount was not disclosed, the company announced that it closed on $3 million in funding within a statement on March 28.[ad name=”article3″]
“It’s crazy to think this all started because it was tough to fit more than five people in a New York City apartment,” Players’ Lounge CEO and Co-Founder Austin Woolridge said of the development.
Woolridge’s statement likewise claimed that the company hopes to expand its gaming library in 2019, as well as adding a streaming function to broadcast the betting for a live audience.
— 100T Nadeshot (@Nadeshot) October 23, 2018
Drake isn’t the only major name to back Players’ Lounge, either; the company also received funding from the likes of telecommunications giant Comcast and Take-Two Interactive CEO Strauss Zelnick (publisher of such games as Grand Theft Auto and NBA2K).
This wouldn’t be Drake’s first foray into the gaming realm, by far – the rapper made major waves in the space after streaming Fortnite with popular gamer Ninja in March of 2018, and later became a co-owner of esports team 100 Thieves in October.
Entrepreneur an SB Projects founder Scooter Braun joined Drake in his 100 Thieves’ acquisition, rendering the esports org one of the most expensive in the business.
According to a report by Forbes, 100 Thieves secured a total of $25 million in funding following Drake’s investment.
With such a massive move on Drake’s part, onlookers can’t help but wonder what changes Players’ Lounge will receive in the near future.