3 Sports Betting Stocks Poised for a Bull Run
It's largely been lost in the noise of recent political rhetoric, but the United States sports betting industry is basking in the glow of November's progress. Voters in three more states agreed to legalize wagering on sporting events, bringing the total to 25. Now that they're competing in earnest for tax and tourism revenue, many of the remaining states could soon follow suit. At stake is a piece of a multi-billion dollar market growing at a double-digit pace.
Smart investors should be sizing up prospective plays. Granted, many remain unprofitable, and all are relatively expensive. That's not unusual, however, on the cutting edge of budding trends. Here's a non-exhaustive list of three sports betting stocks with better-than-even odds of paying off.
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Source Fool.com
