Sports betting has come to stay as one of the fastest-growing investments globally. During the covid-19 pandemic, all other investment industries suffered greatly and profit margin greatly truncated due to the pandemic wave effects.
However, that has not been the case for the sport betting industry as the sports betting industry raked in huge profits despite the global covid-19 lockdown. Though the sportsbook was greatly affected due to lack of sporting activity, the virtue reality makes sure that the profit margin remains high.
In fact, millions of people around the world now rely on sports betting websites and also sports betting apps for monitoring odd changes, while staking their bets. Coincidentally, most countries have begun to lift sport betting restrictions – which previously made sport betting illegal.
With this move, there is increment in worldwide acceptance of sport betting which has given millions of people the opportunity to benefit from the fortune of the sport betting offers – while millions of people have gone bankrupt because of the sports betting.
Although sports betting is rewarding. Investing in sport betting stocks might be a better place to invest your finances as the industry is fast racking up more profit on a daily basis. Stock investment might earn you a lot more fortune than what even the best sports betting app currently offers.
Without a doubt! Both stock investment and gambling involve risk-taking in order to maximize profit. They both require a huge starting capital which you could invariably lose on the run.
However, sport betting stock investment has several other benefits than gambling and it is also expected to be a lifelong investment, the risk involved is lower than when compared to gambling deficits.
In fact, it has been established that stock investment is more stable than most another choice of investment, therefore more and more people have started to experiment on how they can make profits from the sports betting stock investment.
More so, having to invest in sports betting stock can be complicated and game-changing but it is better to initially research deeply on the type of stock you are about to buy, where to buy them and how much you should invest.
Stock Investors study previous performance and current performance to understand when best to invest. However, for the purpose of study, here are some stock investment portfolios you should rather keep an eye out for.
Roundhill sports betting gaming – (ETF)
Roundhill Sports betting investment is one of the leading betting stocks all over the world – it offers investors a better opportunity as it helps track the total return performance before fees and expenses.
The ETF launched back in 2020 has about 40 holdings under it across 40 countries including some of the best performing sport betting stocks on the market. More so, it has about 57% performance index within the last year and the fund is currently trading at about $32.
Though there are many lucrative sports betting investments and the rise of sports betting companies founded everywhere and every year is quite tentative.
But Roundhill provides a safer investment option than other investment platforms leasing to expert predictions that their performance index could rise significantly in the coming year.
Draftkings inc. (DKNG)
During the COVID-19 lockdown, the demand for online sport betting platforms increased significantly – while so many are bored of all forms of entertainment mechanisms. Even now, with most restrictions lifted, there is high demand for iGaming platforms globally.
This demand benefited Draft King as the company’s Monthly Unique Payers and the Average Revenue per Monthly Unique Payers rose to 281% and 26% within a year. Also, investors’ acquisition and retention remained solid across multiple sport betting platforms.
Asides the huge customer engagements, the recent legalization of sports betting and e-betting in the United States and some other countries like Canada presented good business growth opportunities.
Thanks to these favorable conditions, Draftkings stock has gained approximately a 41.7% increase in the last year alone.
In fact, the average Draftking price target is $70.17 with a high forecast of $105 and a low forecast of $51 according to market values and DKNG currently has a cumulative holdings of about 13.8 million shareholders.
Penn National Gaming inc. (PENN)
Penn National offers the option of both iGaming and racing facilities to customers. Penn National has about 1345 institutions owners and shareholders and these institutions hold a total of 177,503,324 shares.
Since its recent acquisition of about 30% of Barstool stock earlier this year, Penn National shares have been on a steady rise over the past year. In addition to this merger, the influx of physical casinos and racetrack operations has been a major factor for the increase in Penn’s stock rise.
Though, the recent addition of physical gambling events into iGaming might be a concern for some investors because of the instability one might expect from such new developments, the current growth index reported by the company suggests that the investors do not need to worry.
Some experts have predicted that Penn National could maintain their growth momentum even for more than a year period. Penn National’s share of about $85.81 is predicted to rise to about $90 according to some experts.
Scientific Games Corporation (SGMS)
SGMS is an American based investment establishment which supplies several lottery and sport betting companies their gambling products and services which include innovative technology platforms, robust online systems, engaging game content and market solutions.
Though, it’s an American based corporation located in Las Vegas, they serve a worldwide clientele as evident in their recent agreement with Azerbaijan National Lottery’s Retail and Digital iLottery Games.
With a deal like this, the company’s position as one of the major stable stock investment companies in sport betting industry is further cemented.
However, their share currently holds at $70.97 and SGMS has 564 institutional owners and shareholders with these institutions holding a total of 101,174,795 shares.