Winners, Inc. Subsidiaries Gross Revenues up over 19% this Month as Compared to the Same Period Last Month

Rhea-AI Summary

Winners, Inc. (OTC PINK: WNRS) announced a significant 19% increase in gross revenues for its subsidiaries, VegasWinners and The Longshot Report, compared to the previous month. The surge is attributed to enhanced customer acquisition through advertising campaigns, contributing to a growing subscriber base.

With the onset of the football season, the company is ramping up its advertising spending, expecting new customers to generate monthly recurring revenues between $99 and $140. Winners, Inc. continues to diversify its offerings while pursuing expansion into more states for online sports gambling.

Positive

• Gross revenues for subsidiaries increased by 19% month-over-month.
• Increased customer acquisition is leading to higher subscription and referral income.
• Football season is expected to boost revenues with new committed leads under $10.
• Monthly recurring revenues projected between $99 and $140 per customer.
• Average lifetime value of $400 per paid customer.

Negative

• None.

LAS VEGAS, NV / ACCESSWIRE / October 18, 2022 / Winners, Inc. (OTC PINK:WNRS) through its subsidiaries provide sports betting enthusiasts with high quality content, analysis, research, data, and guidance for popular betting sports announced today that VegasWinners and The Longshot Report ("Subsidiaries") gross revenues are up over 19% this month as compared to the same period last month. The metrics for the customer acquisition funnel ad campaigns continue to substantially increase our database of sports gamblers ("Subscribers") materially increasing subscription and referral-based income for both Subsidiaries.

The NEW VegasWinners funnel is attracting thousands of impressions and visitors to the site daily and hundreds of fresh leads turning into paid subscribers daily. The compound effect of the subscription model has already started to take place, with weekly subscribers renewing!

With Football now live, we are increasing our daily ad spend as we are getting new committed leads under the $10 metric. These customers are turning into $99 to $140 monthly recurring customers that have historically stayed on during football season, with the average lifetime value of $400 per paid customer.

Brian Foy CEO of Longshot Report and CMO of Winners Inc. stated "It is great to see a steady increase month over month with our 3 sources of revenue attributing to our overall growth. We are diversifying our product offering with a combined approach of daily picks plus weekly and monthly subscriptions. We are doing all of this as we plan to release an entirely new platform which is just weeks away, and another revenue stream although not 100% confirmed, it will be through sports books across the country. Things are looking up and each month will continue to increase revenues through our subscription-based model."

VegasWinners is a licensed sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently licensed in several states and has made application in additional states. It is the intent of VegasWinners to get licensed in all states that allow online sports gambling. To date, online sports gambling has been legalized in Nevada, New Jersey, West Virginia, Pennsylvania, Rhode Island, Iowa, Oregon, Indiana, New Hampshire, Michigan, Colorado and Washington DC.

The global sports betting market size was valued at USD $76.75 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030 as reported by Grand View Research. Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting. The online segment accounted for the largest revenue share of over 50.0% in 2020 and is anticipated to maintain its lead over the forecast period. The anticipated growth can be credited to the increasing use of smartphones and the internet worldwide. Technological development and digitalization have impacted the lifestyle of the global population. Codependent factors are financial growth, improvement in the standard of living, and an increase in disposable income.

ABOUT WINNERS, INC.

Winners, Inc. (OTC PINK: WNRS) through its subsidiaries is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. Its Subsidiaries: VegasWinners is a registered sports gambling affiliate that intends to drive traffic to gaming operators for commission. VegasWinners is currently registered in West Virginia, Indiana, Colorado, New Jersey, Tennessee, Pennsylvania and able to operate in New York, Nevada, Mississippi, Wyoming, Illinois, Iowa, Louisiana and has made application in several additional states; The LongShot Report is a rapidly growing internet/online subscription-based company that gives advice on sports picks for fantasy and sports betting including but not limited to football, basketball, baseball, hockey and golf with an online platform and mobile app available for download at the App Store and Play Store. For more information, please visit websites at VegasWinners and The LongShot Report and Social Media on Twitter,

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

FOR MORE INFORMATION, PLEASE CONTACT:

Brian Foy
Chief Marketing Officer
Brian@winnersinc.us

SOURCE: Winners, Inc.

View source version on accesswire.com:
https://www.accesswire.com/720766/Winners-Inc-Subsidiaries-Gross-Revenues-up-over-19-this-Month-as-Compared-to-the-Same-Period-Last-Month

FAQ

What is the recent revenue increase for Winners Inc. subsidiaries WNRS?

Winners Inc. subsidiaries, VegasWinners and The Longshot Report, reported a 19% increase in gross revenues compared to the previous month.

How is football season impacting Winners Inc. (WNRS) revenues?

The onset of football season is expected to increase daily ad spending and attract new committed leads, enhancing overall revenue.

What is the average lifetime value of customers for Winners Inc.?

The average lifetime value of each paid customer is approximately $400.

Which states is Winners Inc. licensed to operate in for sports gambling?

Winners Inc. is currently licensed in several states, including New Jersey, West Virginia, Indiana, and Colorado, among others, and is applying for additional state licenses.