#gambling-stocks

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from24/7 Wall St.
3 hours ago

Top 5 Gambling & Sports Betting Stocks After Legalization Wave

The sports betting industry is rapidly expanding but profitability is concentrated among operators who can convert handle into sustainable earnings amid fierce competition.
fromFortune
1 week ago

Betting stocks fall as NFL prediction bets gain on gambling apps | Fortune

Meanwhile, during what is typically a boom time for sportsbooks, New York state data showed that revenues from online sports wagering plunged from a year earlier. DraftKings shares dropped as much as 8.3% in New York trading, the worst intraday plunge since late October. Shares of Flutter, which runs the gambling app FanDuel, were down as much as 5.5%, falling to the lowest intraday level since late November. The broader gambling space also took a dive, with an S&P gauge of the industry's shares shedding as much as 2.5%.
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