Shares Of Sportsbook Firms Swell Ahead Of NFL Season
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The NFL is back, which means so are warm bowls of spicy chili on Sunday afternoons, endless sports talk radio chatter about yet another Tom Brady title defense, and gambling. Lots and lots and lots of legalized, amateur, often-online gambling.
And as sports betters lay wagers on Patrick Mahomes' passing yards or Monday Night Football over/unders, investors are betting big on the platforms that take the bets. As the NFL season kicks off, shares in DraftKings, Penn National Gaming, and Caesars Entertainment have skyrocketed. We'll call that betting on the house.
Source Fool.com
