Payments Processing Billionaire Places Super Bowl Bet From Space

Payments Processing Billionaire Places Super Bowl Bet From Space

Sports betting has reached new heights.

Tech billionaire Jared Isaacman has placed the first sports bets from outer space through BetMGM and MGM Sportsbook in Las Vegas.

He’s already a winner after betting through a proxy on Thursday nights NFL game. Isaacman bet $4,000 on the New York Giants and Washington Football Team to go over the total of 40.5 points. A tight, exciting game ended with a last-second Washington field goal to give the Football Team a 30-29 victory.

Isaacman and three crew members are currently aboard his own privately-funded space flight into Earth’s orbit. The crew vehicle, dubbed “Resilience”, is the world’s first all-civilian mission to orbit. It launched from Kennedy Space Center in Cape Canaveral, Florida on Sept. 15. The flight is scheduled to return Sept. 18 after traveling across a low earth orbit journey that will continually eclipse more than 90% of the earth’s population. 

Isaacman also played a $4,000 bet at 66/1 odds on the Philadelphia Eagles to win the 2022 Super Bowl. That bet would return $268,000 and the winnings would also be donated to St. Jude Children’s Research Hospital in Memphis, Tennessee.

“This is a truly historic moment. Thanks to Shift4 Payments for the incredible honor of asking BetMGM to participate,” BetMGM chief revenue officer Matt Prevost said in an emailed statement yesterday.

BetMGM has donated $25,000 to St. Jude.

The Inspiration4 mission aims to raise $200 million for the hospital, and Isaacman has already pledged $100 million of his own money to St. Jude.

“On top of the excitement of bets being made from space, we’re even more thrilled to be able to contribute and raise awareness for a great cause in St. Jude Children’s Research Hospital,” Prevost said.

Thrill Seeker Jared Isaacman and Inspiration4  

“Inspiration4” is the first all-civilian spaceflight on SpaceX Dragon. The flight and trip was funded by Isaacman to help raise awareness and funds for St. Jude’s Children’s Research Hospital, and begin “a new era for human spaceflight and exploration.”

Isaacman is the commander and joined by three crewmates on the spaceflight – physician assistant Hayley Arcenaux, data engineer Chris Sembroski, and geoscientist and science communication specialist Sian Proctor. They launched on Sept. 15 and return to earth Sept. 18.

Inspiration4 was named to commemorate the four-person crew and their associated “pillars” of support for St. Jude Children’s Research Hospital: leadership, hope, generosity and prosperity.

Jared Isaacman is the 38-year-old CEO of Shift4 Payments (FOUR,N). The company handles more than $200 billion in payments every year for a third of the country’s restaurants and hotels, including big brands like Hilton, Four Seasons, KFC and Arby’s.

At age 16, Isaacman worked from the basement of his parents home in New Jersey and started Decho Systems, a small company that designed websites for local businesses. He quickly parlayed that bet and business into a more efficient payment processing company.

A lifelong aviation enthusiast, Isaacman also flew in the Black Diamond civilian aerobatics jet squad, and made a small fortune training fighter pilots. He co-founded Draken International, a private air force of fighter planes for military training.

But his wealth grew significantly last year thanks to his 38% stake in payments company Shift4. Forbes now estimates Isaacman’s net worth near $2.5 billion.

Inspiration4 is Isaacman’s latest best bet and parlay of profits into human spaceflight, and the mission to raise more money and awareness for St. Jude Children’s Research Hospital. What a journey.

You can bet on it.

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