The Right Horses to Bet: 12 Sports Betting Stocks to Buy Now
Last year, the U.S. Supreme Court allowed regulation to be taken charge by States instead of the Federal Government. The illegal market in the U.S. alone is estimated at $150 billion waged every year. Legal sports gambling is growing everyday. The industry has a 20% growth projection for the next 5 years.
Across the pond, gamblers have been participating in sports betting. In the U.K.,Europe’s largest sports betting market, has liberalized online gambling regulations.
The most obvious players in the industry to take advantage of this are casinos who are well established. Furthermore, the majority of wagers are expected to take place via apps in the near future.
Here are the best stocks to take advantage of this new opportunity in legalized sports betting.
🃏 Casinos & Gaming
Canadian
Great Canadian Gaming Corp (GC-T)
A Canadian casino operator that has recently won many contracts in Ontario. Due to restrictions and regulations, they have little competition and basically has a monopoly on gaming in Toronto. They are sure to take advantage of sports gambling.
Opinion about GC.TO: (A Top Pick Nov 19/18, Up 17%) He still likes it. A high quality company with good long-term outlook. They are spending a lot of…
Stockchase Pollard Banknote Ltd (PBL-T)
They are best known for instant win lottery tickets. They have a great social media presence, pay a good dividend and has been a solid gaming company.
Opinion about PBL.TO: A major core holding of his. Sports betting doesn't impact instant lottery tickets which is in fact booming. PBL leads in…
Stockchase The Stars Group Inc (TSGI-T)
A market leader in poker but are moving into sports gambling now. They made a deal with NBA to be their gambling provider. They’ve expanded into the UK and Australia and they still have some space to grow.
Opinion about TSGI.TO: Looking at the past 5 years, earnings and FMV haven't gone anywhere. They have lots of things on the go. Good upside…
Stockchase United State
MGM Mirage (MGM-N)
The largest casino operator in the U.S. It has invested in sports betting and are building a sports betting empire. They recently made a deal with Major League Baseball as their official gaming partner.
Opinion about MGM: (A Top Pick Nov 19/19, Up 2%) Two days ago, it was up 12%, but the coronavirus has really pressured this. Buy this on any pullback.
Stockchase Churchill Downs Inc (CHDN-O)
They traditionally are a horse betting company, but the legalization of sports betting represents a big opportunity for them. They’ve already entered the market in Mississippi. For the last 5 years, the stock has trended up and has performed well.
Opinion about CHDN-O: A year ago, we could have made some money. He cannot understand why the stock is making new highs. The horse racing sport is…
Stockchase Penn National Gaming Inc (PENN-Q)
A large casino company that is betting big on sports betting, with a $3.1 million investment to launch sports betting at their Mississippi and Hollywood casinos.
Opinion about PENN: They report Thursday. A favourite of his among gambling, which has been on a tear lately. The report will say whether their…
Stockchase Boyd Gaming Corp. (BYD-N)
They announced a partnership with MGM last year to focus on the future of online gambling and sports betting. They will be providing a platform for sports betting, casino gaming and poker.
Opinion about BYD: Top Short It is trading down and has been trading down for a long time. Looks like it is forming a bottom, but the trend is still…
Stockchase International Game Technology (IGT-N)
They’ve teamed up with fantasy sports provider FanDuel to enter the New Jersey sports betting market. They are traditionally a slot machine business but they are moving heavily into sports betting.
Opinion about IGT: Likes its position in upgrade cycle coming. Expert opinions on International Game Technology (IGT) — buy, sell, or hold ratings…
Stockchase Scientific Games Corp (SGMS-Q)
Their SG Sports platform is an online sports betting platform for soccer, tennis, basketball, etc.
They also partnered with Caesars to launch sports betting at their Casino and racetrack.
Opinion about SGMS: Involved in the lottery industry. Business model of this company is phenomenal. Great returns on capital. Very little capital…
Stockchase Wynn Resorts Ltd. (WYNN-Q)
Wynn is working on launching a mobile sports betting app, joining the Nevada mobile sports betting applications. They are planning on offering a wide range of functionality and bets on horse races too.
Opinion about WYNN: Wynne enjoys a core group on consumers who will go to their casinos and any spending online in sports betting adds to that.
Stockchase Las Vegas Sands Corp. (LVS-N)
An IT solutions provider that is launching an all-in-one sports book solutions for SMEs to offer bets. Their ‘sports betting in a box’ includes solutions for hardware, middleware and software, and can even process live betting.
Opinion about LVS: Among the biggest losers on the S&P in 2021 #3, down 37%. It's a terrific casino operator with a huge operation in Macau. It's…
Stockchase UK
William Hill (WMH-LSE)
The world’s top betting sites who has 25% of the sports betting market in the UK and Ireland. They are looking to venture into the U.S. as well, following the Supreme Court decision. They have a well-established app and has a loyal gambling clientele.
Opinion about WMH-LSE: (London Stock Exchange)Largest bookie in England since 1934. Great cash flow generator. Rising dividend. Trades at about 4 x cash flow.
Stockchase Happy trading !
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