Legal Sports Gambling Stocks

On June 28, JMP analyst Jordan Bender said he believes DraftKings will rise higher than the overall market in the near future after giving the sports betting giant a Market Outperformer rating. Michael Rubin, CEO of apparel giant Fanatics, sold his stake in several professional sports franchises, including the Philadelphia 76ers, due to conflicts with other companies. Outside the US, Flutter is also the leading operator in the more mature UK and Irish markets. This market is the largest in Europe, and as more bets move online, Flutter is well positioned to win a larger share. In Australia, it operates SportsBet, which Flutter says has a 50% market share in online sports betting, a share that continues to grow. For investors looking for broad exposure to the sports betting and online gaming industry without choosing individual stocks, the Roundhill Sports Betting & iGaming ETF (NYSEMKT: BETZ) invests in a portfolio of stocks in the sector. The fund currently holds over 40 different positions, including some of the names mentioned above. The expense ratio of 0.75% is not too high for a specialized index fund. Score`s user base averages 113 minutes per month, more than major sites like Bleacher Report and ESPN. It is the number one sports media brand in Canada and the third largest in North America.

The U.S. Supreme Court lifted the federal ban on sports betting in a 2018 ruling, opening the door for states to legalize it if they wish. Since then, more than 30 states and the District of Columbia have legalized sports betting in one form or another, many allowing online betting. Another 10 states could legalize the practice in the near future. Fears of an economic slowdown are weighing on these stocks, as persistent inflation and a potential recession have led investors to question whether players will bet less. Read on as we evaluate nine of the best sports betting stocks on the market. Each of these tips — eight stocks and an exchange-traded fund (ETF) — provides access to winnings on sports betting, although some are more direct bets on the trend, while others are generally more diversified gambling. MGM Resorts (NYSE: MGM) is one of the largest casino operators in the United States and Macau. It also owns BetMGM jointly with the British Entain. BetMGM says it`s on track to take a 20% to 25% share of the U.S. sports betting and online gaming market, but that could greatly boost gambling activity.

It held a 30% share of the markets in which it operates its online casino at the end of 2021. BETZ was launched in June 2020. It currently has 42 stocks, with the top 10 accounting for 44% of the total portfolio. Six of the top 10 are sports betting stocks, including Rush Street Interactive (6.3%) and DraftKings (4.8%). Several Wall Street research firms are aiming for even greater growth. Morgan Stanley estimates that the U.S. sports betting market could reach $15 billion a year by 2025, while Macquarie forecasts $30 billion by 2030. These companies make the equipment for games and sports we love. These are the sports betting stocks with the lowest price-to-earnings (P/E) ratio in 12 months. Since profits can be returned to shareholders in the form of dividends and redemptions, a low P/E ratio shows that you pay less for every dollar of profit. The appetite for gambling is there, despite inflation that has reduced household budgets. But gaming stocks have only recently begun to show positive momentum.

Matt is a seasoned writer with a particular focus on the emerging sports betting market. During Matt`s two-decade journalistic career, he has written for The New York Times, Forbes, The Guardian, Reuters and CBSSports.com, among others. In his spare time, Matt is an avid reader, a weekend tennis player and a frequent embarrassment for running. Contact Matt at matt@usbets.com. Rumors have surfaced that MGM Resorts is considering making a game for one or both of Flutter Entertainment and Skillz (SKLZ (opens in a new window)), a mobile esports company that went public in 2020 through a SPAC merger, though nothing has been confirmed. Sports betting has increased significantly in the U.S. since the Supreme Court lifted the federal ban on this activity in 2018. The U.S. ban, which limited a legal market for sports betting in Nevada, had been in effect since 1992.

Since the ban was lifted, some state governments have introduced laws allowing companies to offer legal betting on a wide range of sporting events, both retail and online. fuboTV (NYSE: FUBO) is a distributor of multi-channel virtual video programs with a strong focus on sports. While traditional pay-TV companies are seeing their subscribers cut cable, Fubo is growing. By the end of 2021, it had over one million subscribers and is expected to reach 1.5 million by the end of 2022. „As a relatively pure leader and early market share leader in the U.S. iGaming space, Rush Street Interactive is well positioned for continued growth in the emerging North American electronic gaming and online sports betting (OSB) market,” the analyst wrote in a note to Casino.org clients. First, sports betting is expected to be available to 96% of Americans by the end of 2025. Second, on the iGaming front, online gambling is expected to reach $100 billion worldwide by 2023. FanDuel`s online bookmaker is available in 14 states, and the online casino is available in five. The company received a big boost in early 2022 when online sports betting went online in New York, a huge market. Flutter was one of nine companies that received a state operating license.

„With the launch of our trading card and collectibles business earlier this year – which will have individual agreements with thousands of athletes worldwide – and sports betting operations starting soon, these new companies will come into direct conflict with sports league ownership rules,” Rubin said in a statement on Twitter TWTR, -2,97%. Sports betting stocks remain one of the hottest sectors in the market, and industry experts expect it to be more in the coming years. On September 9, BetMGM launched mobile sports betting in Arizona. There are plans to open the first BetMGM bookmaker of its kind in 2022 at State Farm Stadium, home of the Arizona Cardinals. Umansky loves his gambling and sports betting businesses. In addition, MGM continues to have some of the best real estate in the casino industry. Sports betting stocks are becoming increasingly popular as the industry grows rapidly. Here are nine game names you need to know. Sports betting stocks have seen the smallest declines in total return over the past 12 months of the companies we studied.

Shares of sports betting giant DraftKings have fallen about 35% in 2022. British company Flutter Entertainment (PDYPF), owner of DraftKings` rival FanDuel, is down 20%. It is difficult to take the pulse of the size that the industry could reach. Estimates of the size of the sports betting market vary widely in size and time horizon. However, according to a study by the Gabelli Securities and Census Bureau, U.S. sports betting revenue (opens in a new window) is expected to grow from $2.1 billion in 2021 to $10.1 billion in 2028. In the four years since legalization, Americans have bet more than $125 billion on sports, as betting has gone from a taboo subject on sports television to commentators openly discussing game odds before and during games. The Roundhill Sports Betting & iGaming ETF BETZ, +1.76%, a weighted index of global sports betting and iGaming companies, fell 15.68% in June and 52.69% over the past 12 months. DraftKings (NASDAQ:DKNG) operates the second-largest online bookmaker in the U.S. and accounts for about 25% of the market, according to internal estimates. It currently operates in 17 states and its online casino is available in five.

GAN (GAN (opens in a new window), $16.29) is short for GameAccount Network, a provider of online gaming software and services for casinos in the United States and elsewhere. It offers both real money and sports betting software and simulated gaming apps and games for these casinos. DraftKings (DKNG (opens in a new window), $60.42) is arguably one of the best-known sports betting stocks on the market. DKNG has been a public company for 17 months, but has already left its mark on the industry. DraftKings completed its reverse merger with a Special Purpose Acquisition Company (SPAC) on April 24, 2020. Since then, the stock has risen by more than 200%. The company plans to integrate online sports betting into its video streaming product, which already works in two states and has licenses for 10 other states.