Gaming

Investing in Sports Betting Stocks

Sports Betting Stocks

If you’re a sports bettors, you may be interested in investing in sports betting stocks. But which ones are the best to buy? There are nine sports betting stocks and one exchange-traded fund. These are direct bets on the trends and some diversified plays. The stocks were ranked by their average long-term growth rate expectations, which are estimated growth rates over the next three to five years. The average target price, meanwhile, represents the average price analysts expect them to reach over the next 18 months.

Some of the hottest sports betting stocks are Bally’s (NYSE:BLL) and Caesars Entertainment. They’ve recently signed an agreement with Sinclair Broadcast Group to brand regional sports networks under the Bally’s name. This partnership with Sinclair could lead to a profitable igaming sideline for Bally’s. At a forward P/E of only 15x, Bally’s has room to grow.

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Another stock to consider is Bally’s. The company recently announced an agreement to acquire Score Media & Gaming, a $2 billion sports media platform. The company is the top sports betting app in Canada. The acquisition will help Penn National Gaming establish a strong presence in North America’s sports betting ecosystem. The company also has an existing loyalty application that has been downloaded hundreds of thousands of times. This could open the door to additional cross-selling opportunities.

Investing in Sports Betting Stocks

In the past few years, Penn National Gaming has made a deal with Score Media & Gaming for $2 billion. The deal has opened up a vast igaming ecosystem in North America. In addition to this, Penn National Gaming has a loyalty program with thousands of users and an established loyalty program. The acquisition could open the door to future cross-selling opportunities. If you are interested in investing in sports betting stocks, it’s a good time to do so.

The sports betting market continues to expand in the United States. If you’re looking for a reliable investment, sports betting stocks could be a great investment. With new states passing laws each month to legalize the industry, many bettors are moving their money online. The industry is growing rapidly, so investing in sports bet stocks can help you take advantage of this trend. However, there are a few risks involved. You need to consider all the factors involved to find a profitable and safe sports betting stock.

The first sports betting stock to consider is Bally’s. This stock has a partnership with Sinclair Broadcast Group, which has branded several regional sports networks under the Bally’s brand. The company could also build a lucrative igaming sideline. The company is currently at an attractive forward P/E ratio of 15x. The stock’s IPO price is a good opportunity to invest in. The growth of the sports betting industry will continue to drive the value of these stocks.

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