3 Sports Betting Stocks I'm Watching
The sports betting business is hardly anything new. It's been done for decades now -- often illicitly. And ever since the U.S. Supreme Court lifted the federal ban on sports-based wagering back in 2018, the industry has grown even more. The Sports Business Journal reports that sports betting in the U.S. totaled nearly $121 billion last year, up 30% from 2022's tally of $93.3 billion.
If you think the bulk of the sports betting market's growth is in the past, however, think again. Although well over half of the country's states have now legalized gambling on sporting events, the business itself is still in high-growth mode. Why? Because wagering middlemen continue educating and attracting would-be betters, while states themselves are still expanding their betting permissions.
More importantly, there are still prime stock opportunities for investors to plug into for exposure to this growth. Three top names come to mind.
Source Fool.com
