Top Gaming Stock #1 – Activision Blizzard Activision Blizzard is the world’s largest pure-play video game company with $6.5 billion in annual revenue and $51.8 billion market capitalization. It earns revenue by selling video games and services for game consoles (30%), PCs (26%), mobile devices (34%), and others (10%). Macau casinos are already opened back up after a 15-day shutdown, but analysts are anticipating March Macau gross gaming revenue could still be down more than 70%, according to analyst estimates. 7 Best Sports Betting Stocks to Wager On Sports betting stocks are taking off, and expect the industry to keep expanding at a rapid rate. These are seven gambling names you need to know.

Online

Sports are coming back. Online betting is increasing. What companies are benefiting?

Two years ago, the Supreme Court allowed betting on sports in all states, with each state deciding whether to allow this form of gambling or not. Several states have already legalized online sports betting. Many more states are considering legislation. These changes should lead to more online gambling, and a transition from illegal gambling to legal betting.

Even NBC Sports Broadcaster Jim Kozimor mentioned in an interview that sports betting will be an extremely strong growth industry.

So if you are looking for a way to profit from sports gambling, you should look at the stocks that should benefit from the online betting on sports events.

Best

DraftKings (DKNG) is one of the largest pure plays in the online sports betting arena. This was one of the stocks that was created from a SPAC. Revenues for this $20.6 billion market cap company were up 23.6% for the latest quarter. Earnings are minimal giving it a price to earnings ratio of over 1000.

Flutter Entertainment (PDYPY) is one of the largest daily fantasy sports providers and a leader in the legal sports betting market. The company was formerly named Paddy Power Betfair. This $25 billion market cap company trades at 47.5 times earnings.

Boyd Gaming Corp. (BYD), an operator of a company that runs over a dozen casinos across the United States, offers its B Connected Sports app in order to take advantage of increased legalization. The stock trades at 30.9 times forward earnings.

The following is a list of over 20 companies that may benefit from online sports betting and Internet gambling, sorted in order of market cap.

CompanySymbolMkt Cap in MillionsYield
Las Vegas SandsLVS36,3724.59%
Marriott InternationalMAR31,1341.21%
Paddy Power Betfair [Flutter Ent.]PDYPY24,9700.00%
DraftKingsDKNG20,6890.00%
MGM ResortsMGM11,2590.95%
Penn National GamingPENN10,6800.00%
Gaesar’s EntertainmentCZR9,6040.00%
Wynn ResortsWYNN7,9402.04%
Churchill DownsCHDN7,1540.39%
GVC HoldingsGMVHF6,1037.42%
Scientific GamesSGMS3,4750.00%
Boyd GamingBYD3,4700.00%
William HillWIMHY2,5440.00%
International Game TechnologyIGT2,3677.21%
Madison Square Garden Ent.MSGE1,6610.00%
888 HoldingsEIHDF8512.21%
Gan LtdGAN4850.00%
GameHostGHIFF1040.00%
Millennial EsportsMLLLF580.00%
Bragg GamingBRGGF260.00%
Best Online Gambling Stocks
View single page >>

Best Online Gambling Stocks

Disclosure: Author owns DKNG.

Disclaimer: This article is designed to provide information. It is provided with the understanding that neither the author nor the publisher is ...

more

Disclosure: Author owns DKNG.

Disclaimer: This article is designed to provide information. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated.

less

Best Online Gambling Stocks 2020

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.
Coments are closed
Scroll to top