Best sports betting stocks to buy
If you are looking for information about sports betting stocks, you came to the right place! In this article I will provide you with a list of sports betting stock that will help you decide if stocks in certain niches are interesting as an investment.
What is an sports betting stock?
A sports betting stock is a company that provides sports betting services. Most of the leading bookmakers are public companies listed on major exchanges like for example NASDAQ, New York Stock Exchange or London Stock Exchange.
Why invest in sports betting stocks?
The answer is simple: because by investing in sportsbook stock, you can benefit from the increased demand for sports betting globally. That is especially true now after legalization of online sports betting in the US. While online gambling represents a multi-billion dollar industry worldwide only 0.5% of the gambling market is accounted for by online sports betting.
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Advantages sports betting stock
Betting stocks have some advantages like the fact that it is highly regulated, so there are no surprises when comes to taxation.
- The huge potential of the online sports betting industry has not been fully exploited yet since major part of the profits still come from offline/brick and mortar operations.
- Betting stocks usually pay out dividends which makes them interesting not only for short term but also for long term investors.
Disadvantages sports betting stocks
The disadvantage of the betting stocks is the high volatility and risk involved in them, mostly because of an unstable market and lack of regulation.
I think that betting stocks are an interesting investment opportunities, but they are risky. However I would highly recommend them for long term investors who are willing to invest their money for several years or even decades.
The Best Sports Betting Stocks Of 2021
We made a list of the best sports betting stocks to invest in for the next 5 years. We analyzed all the sports betting stock from different niches and made a list of those that have one or more important characteristics: good dividend yield, high expected growth rate, great assets under management (AUM) and low risk.
- DraftKings Inc. (DKNG)
- Flutter Entertainment (PDYPY, PDYPF)
- Penn National Gaming Inc. (PENN)
- Caesars Entertainment Inc. (CZR)
- Churchill Downs Inc. (CHDN)
1. DraftKings Inc. (DKNG)
Draftkings is one of the leading sports betting stocks on the market, a leader in the growing online fantasy sports industry. DraftKings is an American based company that was founded by Jason Robins, Matthew Kalish and Paul Liberman.
- Draftkings manages sport betting events for fans for a simple participation fee. Draftkings offers contests across all major professional sports leagues including NFL, NHL, MLB, NBA and more. The contests are different with large prize pools for winners.
Draftkings is one of the best sports betting stocks to buy in the upcoming years due to its high dividend yield, growing assets under management (AUM) and strong growth rate.
2. Flutter Entertainment (PDYPY , PDYPF)
Flutter Entertainment is a global online gaming company that offers sports betting and casino games. The company operates its two online brands: SlotsMillion and Flutter. Both brands are available in English, French, Italian, Portuguese-Brazilian, Spanish and Swedish languages.
- SlotsMillion is the biggest slots casino on the market with over 1 million registered users, over 90 games and more than 100 000 daily visits.
The second brand Flutter is a sports betting site that provides wagering on horse racing, soccer, cricket, golf and tennis matches with in-play betting opportunities. The company offers its services to customers in Sweden, UK, Gibraltar and Curacao.
3. Penn National Gaming Inc. (PENN)
Penn National Gaming is a leading gaming and hospitality company offering online sportsbook, online casino, online poker and land-based casinos. The company offers its services in the UK through 32Red which was recently acquired for £238 million.
- In addition to that Penn National also manages commercial real estate properties valued at over $1 billion in the US.
Penn National Gaming’s shares are priced at $22.37 with a dividend yield of 1.27%. The company paid about $85 million in taxes to US government last year, the total profits were close to $676 million.
4. Caesars Entertainment Inc. (CZR)
Caesars Entertainment Corporation is one of the leading casino entertainment companies in the world. The company operates its two major brands: Caesars and Harrah’s.
- Caesars offers a wide range of gambling options such as sports betting, online poker and various land-based games such as slot machines, blackjack and other table games. The company has almost 50 000 employees worldwide and is headquartered in Reno, Nevada.
The company is listed on the NYSE with market capitalization of over $7 billion and is trading at $15.07 per share. The dividend yield for this year is expected to be close to 1.5% and the earnings-per-share (EPS) was $1.45 last year.
5. Churchill Downs Inc. (CHDN)
Churchill Downs is the world’s largest racetrack operator and the most iconic horse racing brand in North America, operating more than 50 racing venues. The company has developed into a leading gaming corporation owning eight casinos in seven states with over 15 000 slot machines and 400 table games.
The company is listed on the NYSE and has a market capitalization of $2.3 billion with stock price at $138 per share. Churchill Downs Inc. also pays dividends – the yield for this year is about 1.65% and last year’s EPS was around 5$.
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How to invest in sports betting stocks?
In this article I will provide you with a list of sports betting stocks that will help you decide if stocks in certain niches are interesting as an investment. But how can you invest in betting stock with a broker? You can open a trading account with only 5 USD at eToro, one of the biggest brokers in Europe. You can read my full review about this broker here .
The first step is to find an interesting company and place an order for stock purchase. For example, you’ll decide that Penn National Gaming (PENN) looks like an interesting company to invest in.
Conclusion about sports betting stocks
Couple of years ago online betting was something exotic for the big public, now it seems that almost every developed country with legal gambling has some major sports betting companies. The growth of this industry is incredible and many countries are trying to develop their local gambling market which will bring more profits over time.
United States
On the other hand there are still some restrictions on online sports betting. For example, the US is still one of the few developed countries that hasn’t legalized online gambling yet. Online gambling might be legal in your country, but before you start placing bets you should check with local laws to make sure what are your rights about it.
European Union
European Union has recently tried to regulate this industry by creating a directive for all member countries that will legalize online betting. If your country hasn’t joined the EU yet, you should first check with local laws before starting to bet online. All in all, I think investing in a big company from this industry is a good option as they continue to grow and pay dividends over time.
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Frequently asked questions
Which sportsbooks are publicly traded?
Best sports betting stocks to watch:
- DraftKings Inc. (DKNG)
- Flutter Entertainment (PDYPY, PDYPF)
- Penn National Gaming Inc. (PENN)
- Caesars Entertainment Inc. (CZR)
- Churchill Downs Inc. (CHDN)
- MGM Resorts International (MGM)
Is sports gambling on the rise?
Americans wagered $2.1 billion in August 2020, an all-time single-month record. Sportsbooks generated $119.4 million in revenue, trailing only the $138 million held in January 2020. The August 2020 revenue total was a 90.2 percent increase from August 2019.
How much does sports betting companies make a year?
Sportsbooks generated $119.4 million in revenue, trailing only the $138 million held in January 2020. The August 2020 revenue total was a 90.2 percent increase from August 2019.
How much is the sport betting industry worth in the future?
Sports Betting Market Size Worth $140.26 Billion By 2028: Grand View Research, Inc.
How many betting companies are there in the world?
A few decades ago, to place a bet, you could possibly mention all the betting companies, but today, there are more than over 220 gambling establishments all around the world.
Is sports betting legal in Europe?
Across Europe, sports betting is legal in many countries. Some regions are dominated by land-based casinos and sportsbooks in the gambling industry, catering to tourists and locals alike.
How do sport betting companies work?
A sport betting bookmaker takes money in whenever they lay a bet to a customer, and they pay money out every time one of their customers wins a bet. The idea is to take more money in than pay out. Bookmakers can’t control the outcome of sports events, but they can control how much they stand to win or lose on any particular result.
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