December 10, 2023

Casino and Sports Betting Companies Listed on Stock Exchange

Casino and Sports Betting Companies Listed on Stock Exchange

The repeal of the law banning sports betting by the U.S. Supreme court in 2018 opened doors for federal states to legalize sports gambling as they deem fit.

The ruling increased the sports gambling business as companies launched betting apps and online platforms for gambling fanatics.

Here are some sports betting companies to consider if you wish to invest in this fast-growing and exciting industry.

Legalization of Sports Betting

The legalization and growth of sports betting caught the investors’ attention, and they invested more than $5.95 billion in Q3 of 2020 alone.

To maximize their growth, sports betting companies have their shares listed on the stock exchange. Some of these stocks are the best performers on the world’s leading stock exchange.

Zion Market Research reported that the gross revenue generated by global betting companies hit U.S. $131.1billion in 2020, and the figure may hit U.S. $170.8billion by 2028.

Penn National Gaming Inc. (NASDAQ: PENN)

Featuring 44 casinos and racetrack establishments, Penn National Gaming is one of the largest casino and sports betting companies in the U.S. The company also owns a 36% stake in Barstool sports.

Penn National Gaming Inc. is part of the best wagering venue businesses to invest in, along with Wynn Resorts Ltd. and Monarch Casino & Resort Inc.

Penn stocks are among the highest trading in America’s leading stock markets, such as New Jersey, New York, Indiana, Michigan, and Pennsylvania. The company has solid brick-and-mortar sportsbook operations and an online business also performing well.

Flutter Entertainment (London Stock Exchange: FLTR)

Flutter operates in the U.S., U.K., Australia, and Ireland. The company owns FanDuel, one of the leading sites for online betting in the U.S., which controls 40% of America’s online betting.

Its online casino is available in five states. At the start of 2022, Flutter online sports betting started trading in the New York stock exchange market. This is after the company won an operating license for the New York state, which boosted its fortune as New York is a vast market.

Flutter also leads the more established markets of Ireland and the U.K., which are the largest in Europe. The company has positioned itself well for online betting, which is now becoming the leading segment of the gambling industry. It also operates SportsBet, which controls 50% of Australia’s online sports betting market share.

MGM Resorts (New York Stock Exchange: MGM)

MGM Resorts is among the leading casino operators in the United States and Macau and co-owns BetMGM with Entain from Britain. BetMGM controls over 20% of the U.S. online games betting market share. The company shares are trading in the New York stock market.

The Las Vegas business is booming with increased traffic, and opening two new hotels in 2022 and 2023 will ultimately boost the growth.

The recovery of Macau operations has also boosted the company’s quest to venture into the Japanese market.

Roundhill Sports Betting and iGaming ETF (New York Stock Exchange: BETZ)

The company offers investors broad exposure to online gaming and sports betting without the need to pick individual stocks. It invests in a wide range of sports industry stocks such as sportsbooks, casinos, online gaming, and sportsbook technology.

The company has also invested heavily in international gaming stocks. However, the continuous growth of the U.S. sports betting industry may force the company to concentrate on the U.S. market.

Caesars Entertainment (NASDAQ: CZR)

Operating over 50 casinos across the U.S., Caesars Entertainment is among the leading sports betting companies in the United States.

The Las Vegas Caesars Palace casino is its most popular gaming property in the U.S. Its acquisition of William Hill enabled the company to venture into America’s online sportsbook market, renaming William Hill to Caesars sportsbook.

Caesars continues to expand its revenue base by opening more brick-and-mortar casinos and aggressively marketing the online sportsbook business. The company holds 21% of the U.S. online betting market in the states it operates.

DraftKings Inc. (NASDAQ: DKNG)

DraftKings is a sports betting company that concentrates on online betting only. Its internal estimates reported that the company holds 25% of the U.S. online betting market share, making it the second largest in the country.

DraftKings is also known for its online casino, where you can play over 250 games. Like with DraftKings sports betting services, you can choose to make casino transactions with credit cards like Visa and Mastercard.

The company doesn’t have any foreign investments as it views the U.S. market as having a potential for high growth. The growing number of states legalizing betting activities provides excellent markets for the company’s expansion.

The basis of the selected brands

Casino and sports betting have now been accepted in most communities, as we can see such companies listed on various stock exchanges.

We verified these pieces of information to ensure that you are well-informed.


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