SharpLink Gaming has unveiled a brand-new mobile application for LeagueSafe, a private fantasy leagues platform that became a part of the group following its acquisition of SportsHub Games last year. SharpLink said the mobile app has garnered over 16,000 downloads since its debut in Google Play and the Apple App Store in early August.
Prior to the launch of the new mobile app, more than 600,000 users had subscribed to LeagueSafe’s services via its website. As per the company, the website has processed more than three million transactions since its inception in 2008.
According to SharpLink, LeagueSafe has already collected over $22 million in entry fees from fantasy football leagues across the US ahead of the upcoming football season. This figure marks an increase of over 30% compared to approximately $18 million in payments collected in 2022.
LeagueSafe helps private fantasy leagues with finance management, which includes entry fee collection throughout the season. It provides transparency into league transactions, secures funds throughout the season, encourages timely payment of entry fees, and facilitates end-of-season payouts.
It generates revenue through the collection of interest earned on the dues held in its wallet system. After the season ends, users can elect to leave their winnings in their wallets for future use or request payouts at any time. LeagueSafe supports players engaged in all fantasy sports, including fantasy football, baseball, basketball, and hockey, with fantasy football comprising the largest audience of users.
The mobile app allows commissioners to create and manage their leagues and makes it easy for league members to view their league information and make entry fee payments online. With the app’s QR code-enabled invite system, private fantasy leagues can swiftly complete their drafts, whether in-person or online with fellow league members, and get fully paid and prepped for the NFL season in just minutes.
The app also includes free-to-play games, including a weekly single-player fantasy football prop game for the upcoming NFL season. Users who make the most correct selections from a group of 7-10 fantasy football-themed questions each week are eligible for weekly prizes.
“With its proprietary audience of users and volume of collected entry fees both trending upward, LeagueSafe is expected to be a significant contributor to SharpLink’s future success, helping us to advance our core objectives associated with audience aggregation, fan engagement, and positive financial performance,” Rob Phythian, Co-Founder and Chief Executive Officer of SharpLink, said.
“The growth momentum behind LeagueSafe is a direct result of the concerted efforts of SharpLink’s collective business units working to expand awareness of LeagueSafe’s services among millions of U.S. sports fans, who love the social interactions and competition with friends, family, and co-workers, the low cost/high reward offered by fantasy sports gaming and the thrill of victory when they win.”