Gambling Extension: Sports Betting Meets The Stock Market

• Now is the best time to look into trading sports betting stocks as sports begin to mount a comeback.
• The odds that the stocks for sportsbooks like DraftKings and William Hill see a massive increase in value in the coming months are high.
• Other gambling entities such as Penn National Gaming also expected to see an increase in the stock market.

NEW YORK – There are a lot of similarities between betting on sports and trading on the stock market. Whether it be the unpredictability of both, the real money gambling aspect, or the potential major returns on investment that both provide.

Now, more than ever, the lines are even more blurry as we are not able to buy and trade stocks from major sports betting providers.

These top sports betting stocks are expected to increase in value as sporting leagues return from hiatus.

Stocks And Odds

One sportsbook to look out for on the stock market is DraftKings stock. The sportsbook opened up a 39.38 on Wednesday.

After merging with Diamond Eagle Acquisition Corp and SBTech, DraftKings began trading on the stock market in April under the symbol DKNG.

“The combination of DraftKings’ leading and trusted brand, deep focus on customer experience and data science expertise and SBTech’s highly innovative and proven technology platform creates a vertically-integrated powerhouse,” said Jason Robins, DraftKings co-founder, and CEO. “I look forward to building significantly upon our goals of continuing our state-by-state rollout and creating the most entertaining and engaging customer experiences for sports fans globally.”

DraftKings, who specializes in daily fantasy sports, has seen a huge boom in its stock, more than doubling in price since launch.

The company is even expected to sell up to 33 million more shares of its stock.

Now is the perfect time to get in on this action.

William Hill is another legal sports betting provider that should be looked at by sports bettors interested in trading stock.

Its shares opened at $6.58 on Wednesday and it is expected to boom in the coming months with the return of the many sporting leagues like the NBA.

Penn National Gaming, a gambling provider that backs many sportsbooks is also expected to increase in value in the coming months. With a massive expectation in sports betting revenue, PENN opening Wednesday at $31.71.

There is a lot of profit opportunities available for sport betting stocks and with the return of sports on the horizon, now is the best time to get involved.

News tags: DKNG | DraftKings | MGM | PENN | Penn National Gaming | stock market | Stocks | William Hill