What Are the Best Sports Betting Stocks?
- Understanding Sports Betting Stocks
- The Top Sports Betting Stocks
- How to Invest in Sports Betting Stocks
- Sports Betting Stock Risks
Sports betting is a huge industry and there are a lot of different ways to get involved. In this post, we take a look at the best sports betting stocks.
Checkout this video:
Understanding Sports Betting Stocks
Sports betting stocks are a great way to make money, but you have to understand how they work before you can make any profit. In this section, we will be discussing the best sports betting stocks and how you can use them to make money.
What are sports betting stocks?
Sports betting stocks are publicly traded companies that derive a significant portion of their revenue from legal sports betting. While some of these companies may also have other lines of business, sports betting is typically their primary focus.
There are a handful of publicly traded sports betting companies in the United States, and many more that are based overseas. These companies range from large, multi-national corporations to smaller, regional operators.
The sports betting industry is growing rapidly in the United States, as more states legalize and regulate the activity. This growth is expected to continue in the coming years, as more states move to legalize sports betting.
Investors who are interested in getting involved in the sports betting industry can do so by buying shares of sports betting stocks. These stocks offer exposure to an industry that is poised for continued growth in the years ahead.
How do sports betting stocks work?
Sports betting stocks are a type of security that are traded on the stock market. Just like any other type of stock, their prices fluctuate based on underlying factors such as company performance, geopolitical factors, and general economic conditions.
However, sports betting stocks also tend to be affected by factors specific to the industry such as changes in legislation or the outcome of major sporting events. For example, a stock might go up in value if a bill to legalize sports betting is passed in the United States. Or, a company might see its stock price increase if an event it is sponsoring (such as the Super Bowl) is a huge success.
Investors can make money from sports betting stocks in two ways: through dividends and through capital gains. Dividends are periodic payments that a company makes to its shareholders out of its profits. Capital gains occur when an investor sells their shares for more than they paid for them.
There are many different sports betting stocks available for investors to choose from. Some of the most popular include DraftKings (DKNG), FanDuel (FDP), and Flutter Entertainment (PDYPF). These companies are all leaders in the online sports betting industry and have seen their stock prices rise sharply in recent years as legalization efforts have gained momentum across the United States.
Investing in sports betting stocks can be a risky proposition, but it can also be very rewarding. Many experts believe that the industry is still in its early stages and that there is a lot of potential for growth in the years ahead. As more states legalize sports gambling, these companies are likely to see even more success.
What are the benefits of investing in sports betting stocks?
Many people are drawn to sports betting stocks for the same reasons they might invest in any other industry. Sports betting offers the potential for high returns, especially if you know what you’re doing. And as the industry grows, so does the potential for profits.
Sports betting stocks also offer investors something that other industries don’t: a way to profit from their love of sports. For many people, investing in sports betting stocks is a way to make money from their passion for sports.
Of course, like any investment, there are risks involved in investing in sports betting stocks. But if you’re willing to take on some risk, investing in sports betting stocks could be a great way to make some extra money.
The Top Sports Betting Stocks
Sports betting has become a popular way to make money, and there are a number of different stocks that have associated with it. We’ve compiled a list of the top sports betting stocks for you to consider investing in.
If you’re looking for the best sports betting stocks, then you’ll want to consider DraftKings (DKNG). This company is one of the newer entrants into the industry, but it has already made a big splash.
One of the things that makes DraftKings so attractive is its diversity. The company isn’t just a sports betting platform – it also offers Fantasy Sports and iGaming. This means that it has a lot of different revenue streams, which is always a good thing for investors.
Another thing to like about DraftKings is that it has partnerships with some of the biggest names in the business. These include ESPN, NBA, and NHL. These partnerships give DraftKings a lot of visibility and legitimacy.
So if you’re looking for the best sports betting stocks, then you should definitely consider DraftKings.
Penn National Gaming (PENN)
Penn National Gaming (PENN) operates 41 gaming and racing facilities in 19 states and video gaming terminals (VGTs) in four states. With the 2019 acquisition of Pinnacle Entertainment, Penn National Gaming became the largest gambling operator in the United States. The company has found recent success with its Barstool Sports betting app and has plans to roll out online casino games and sports betting in Illinois, Indiana, Iowa, Mississippi, Pennsylvania, and Tennessee.
MGM Resorts (MGM)
MGM Resorts (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
With nearly 30,000 hotel rooms and suites in Las Vegas alone, MGM Resorts is committed to providing an unrivaled guest experience. The company has also invested significant capital in non-gaming amenities such as entertainment, dining and retail to further enhance the guest experience.
MGM Resorts is currently the only operator with a presence in all three US gaming markets – Las Vegas, Atlantic City and Mississippi – and plans to enter the growing online gaming market in New Jersey later this year.
Boyd Gaming (BYD)
Boyd Gaming is one of the largest gambling companies in the United States. Headquartered in Las Vegas, Boyd owns and operates 26 casinos across 10 states. Boyd also has a joint venture with FanDuel Group, one of the leading daily fantasy sports and sports betting companies.
Caesars Entertainment (CZR)
Caesars Entertainment is one of the world’s leading casino and hotel companies. With nearly 50 properties in the U.S. and Canada, the company offers a variety of gaming and entertainment options for visitors of all ages. Caesars is also a leading sports betting provider, with mobile and online platforms available in Nevada, New Jersey, and Pennsylvania.
The company’s stock has been on a tear in recent years, rising from around $9 per share in early 2017 to highs near $60 per share in 2020. Caesars has been a big beneficiary of the growth of legalized sports betting in the United States, as its sports betting platforms have generated significant revenue and profit for the company.
Caesars’ stock is down sharply from its highs of 2020, however, as the COVID-19 pandemic has forced the company to temporarily close most of its properties worldwide. Caesars’ stock is down over 60% from its peak, but the company appears to be well-positioned to rebound once the pandemic subsides and travel restrictions are lifted.
How to Invest in Sports Betting Stocks
Sports betting has become a popular way to make money, and there are a number of stocks that have betting-related businesses. These companies can be involved in online betting, sports data, or gaming technology. If you’re interested in investing in sports betting stocks, here are a few to consider.
Decide how much you want to invest
How much you want to invest is entirely up to you. You can start with as little as $50 or $100 if you want to dip your toe in the water, or you can go all in and invest thousands of dollars. It all depends on your risk tolerance and how much money you’re willing to lose.
Choose a broker
Investors looking to invest in sports betting stocks have a few different options available to them.
The first is to choose a broker that offers sports betting stocks. There are a few different brokers that offer sports betting stocks, and each has their own advantages and disadvantages. Some brokers may have higher fees than others, or may not offer as many different sports betting stocks. It’s important to do some research and find a broker that’s best for you.
The second option is to invest in a sports betting stock directly. This can be done through a company’s website or through an online broker. Again, it’s important to do your research and make sure you’re comfortable with the company you’re investing in.
The third option is to invest in a mutual fund that specializes in sports betting stocks. This can be a good option for investors who want to diversify their portfolios and don’t mind paying higher fees. However, it’s important to make sure that the mutual fund you choose has a good track record and is well-managed.
No matter whichOption you choose, it’s important to do your research and make sure you’re comfortable with the investment before you commit any money.
Research the stock
Consumers who want to invest in sports betting stocks should do their research before investing any money. There are many different types of sports betting stocks, and each one has its own risks and rewards.
Some sports betting stocks are more volatile than others, so it’s important to understand the risks involved before investing. It’s also important to have a realistic expectation of how much money you can make from investing in sports betting stocks.
There are many different ways to research sports betting stocks. You can start by reading articles, like this one, that will give you a general overview of the topic. You can also find specific information about individual stocks by doing a search on Google or another search engine.
If you’re serious about investing in sports betting stocks, you should also consider speaking with a financial advisor. A financial advisor can help you understand the risks and rewards associated with different types of investments, and they can help you make informed decisions about where to invest your money.
Place your order
Now that you know what sports betting stocks are and how they can potentially benefit your portfolio, it’s time to place your order.
If you’re a beginner investor, the best way to get started is to open an account with a brokerage firm.
There are two types of firms that offer online trading: full-service and discount. Full-service brokerages offer a wider range of services, including financial planning and investment advice, while discount brokerages offer lower commissions but little in the way of hand-holding.
Once you’ve decided which type of brokerage firm is right for you, the next step is to research the individual sports betting stocks that interest you. When evaluating a stock, there are several factors you should consider, including:
-The company’s financial stability
-The company’s competitive advantages
-The company’s management team
-The stock’s valuation
After you’ve thoroughly researched a stock and decided that it meets your investment criteria, it’s time to place your buy order. You can do this through your broker’s online trading platform.
Sports Betting Stock Risks
Sports betting stocks are not without risk. When you invest in any stock, there is always the potential for loss. When you invest in a sports betting stock, you are also exposed to the risk of the company never turning a profit. The company could also run into legal trouble, which could lead to the stock price dropping.
There are a number of legal risks associated with sports betting. Firstly, there is the risk that betting on sports may be illegal in some jurisdictions. Secondly, there is the risk that online platforms on which sports bets are placed may not be licensed or authorized by the relevant authorities. Finally, there is the risk that even if betting on sports is legal and the platform on which bets are placed is licensed, the bets themselves may not be valid (e.g. if they are placed on matches that have been fixed).
The U.S. Supreme Court’s decision in 2018 to strike down a federal law that had effectively banned sports betting outside of Nevada created opportunities for states to legalize and regulate the activity. Since then, a number of states have done so, and more are considering it.
However, the legality of sports betting is still unsettled in many parts of the country, and there is a risk that the federal government could step in and try to ban it again. There is also a risk that states will not reach a consensus on how to regulate sports betting, creating a patchwork of laws that could be confusing for both consumers and businesses.
Another regulatory risk for companies involved in sports betting is that major sporting leagues could decide to ban gambling on their games altogether. This would eliminate one of the main reasons to bet on sports in the first place, and could have a major impact on businesses involved in sports betting.
The risks associated with sports betting stocks are largely dependent on the laws and regulations governing sports betting in the United States. While the federal government has not passed any laws specifically related to sports betting, it has taken a few steps that could impact the industry.
The most significant risk to the industry is the possibility that the Professional and Amateur Sports Protection Act (PASPA) could be overturned. PASPA is a federal law that effectively banned sports betting in the United States by preventing states from legalizing and regulating it. If PASPA is overturned, it would open up the possibility for states to legalize and regulate sports betting, which would be a major boost to the industry.
Another risk to the industry is the potential for increased regulation. The U.S. government has not yet passed any laws specifically regulating sports betting, but it could do so in the future. If sports betting is regulated, it could potentially be taxed, which would increase costs for companies operating in the industry.
Finally, there is always the risk that public opinion could turn against sports betting. While there is currently public support for legalizing and regulating sports betting, that could change if there are high-profile scandals or other negative publicity surrounding the industry.