Top 3 Sports Betting Stocks to Watch for Big Gains
Updated:2024-06-16 09:11 Views:191
Sports betting is a rapidly growing industry， with more and more states legalizing it and more companies entering the market. For investors looking to capitalize on this trend， here are the top 3 sports betting stocks to watch for big gains.
The first stock to watch is DraftKings (DKNG). DraftKings is a leading sports betting and daily fantasy sports company that has seen tremendous growth since going public in 2020. The company has partnerships with major sports leagues and teams， giving it a strong position in the market. With the continued growth of online sports betting， as well as the potential for legalization in more states， DraftKings is a stock to watch for big gains in the coming years.
Another stock to watch is Penn National Gaming (PENN). Penn National is a casino and gaming company that has been expanding its presence in the sports betting market. The company owns a stake in Barstool Sports， a popular sports media brand that it is using to promote its sports betting offerings. With its strong brand and growing online presence，Online Casino Games Penn National is well-positioned to benefit from the continued growth of the sports betting industry.
The third stock to watch is MGM Resorts International (MGM). MGM is a well-established casino and hospitality company that has been making a big push into the sports betting market. The company has partnerships with major sports leagues and teams， as well as a strong presence in key markets like Las Vegas. With the potential for online sports betting to continue to grow， MGM is a stock to watch for big gains in the sports betting industry.
sports betting is a fast-growing industry with lots of potential for investors. DraftKings， Penn National Gaming， and MGM Resorts International are three stocks to watch for big gains in this market. With their strong positions in the industry and potential for continued growth， these companies are well-positioned to benefit from the rise of online sports betting. Investors looking to capitalize on this trend should keep a close eye on these stocks in the coming years.