Are You Going To Bet On Sports Betting Stocks?

 

Can you believe it? Now Disney (DIS) is getting into sports betting through its ESPN division and an agreement with Penn Entertainment (PENN).

Sports betting is legal in 37 states and Washington, D.C. as of August 2023. The first state to legalize sports betting after the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in 2018 was New Jersey. Since then, there has been a rapid expansion of sports betting in the United States.

The states that have legalized sports betting have different laws and regulations governing the industry. Some states allow only in-person betting, while others allow both in-person and online betting. Some states have a monopoly on sports betting, while others allow multiple operators to offer sports betting services.

The growth of sports betting in the United States has been driven by a number of factors, including the popularity of fantasy sports, the increasing availability of mobile devices, and the legalization of sports betting in more states. The industry is expected to continue to grow in the coming years, as more states legalize sports betting and more people become interested in betting on sports.

Here is a list of the states that have legalized sports betting as of August 2023:

Alabama Arizona Arkansas Colorado Connecticut Delaware Florida Georgia Illinois Indiana Iowa Kansas Kentucky Louisiana Maine

Maryland Massachusetts Michigan Mississippi Missouri Montana Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma

Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

The future of sports betting in the United States is bright. The industry is expected to continue to grow in the coming years, as more states legalize sports betting and more people become interested in betting on sports.

DraftKings (DKNG): DraftKings is a leading online sportsbook and daily fantasy sports (DFS) company. It operates in 19 states and Washington, D.C., and has a market capitalization of $13.8 billion. DraftKings offers a variety of betting options, including sports betting, DFS, and iGaming. It also has a media division that produces content for its own platforms and for third-party partners.

DraftKings was founded in 2012 by Jason Robins, Matt Kalish, and Paul Liberman. The company quickly became one of the leading DFS companies in the world. In 2018, DraftKings launched its sportsbook in New Jersey, becoming one of the first companies to offer legal sports betting in the United States after the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA).

DraftKings has grown rapidly in recent years. In 2022, the company generated $1.3 billion in revenue and $463 million in net income. DraftKings is expected to continue to grow in the coming years, as more states legalize sports betting and more people become interested in betting on sports.

DraftKings is a publicly traded company on the NASDAQ stock exchange (ticker symbol: DKNG). The company’s stock price has been volatile in recent years, but it is currently trading at a market capitalization of $13.8 billion.

DraftKings is a well-positioned company to benefit from the growth of the sports betting industry in the United States. The company has a strong brand, a proven track record, and a diversified product offering. DraftKings is also well-capitalized and has a strong management team.

The company is currently generating negative earnings, however, annual sales growth for the last five years, is 63.5%, and quarterly revenue growth year-over year is 84.5%.

Penn National Gaming (PENN): Penn National Gaming is a casino and gaming company that owns and operates casinos, racetracks, and sportsbooks in 19 states. It has a market capitalization of $3.87 billion. Penn National Gaming is one of the largest casino operators in the United States and is also a major player in the sports betting industry.

Penn National Gaming entered the sports betting market in 2018, when it acquired theScore, a Canadian sports media company. TheScore operates a sportsbook in Canada and has a partnership with Penn National Gaming to offer sports betting in the United States.

In 2020, Penn National Gaming acquired Barstool Sports, a popular sports media and entertainment company. Barstool Sports has a large and engaged following of sports fans, which Penn National Gaming is hoping to leverage to grow its sports betting business.

Penn National Gaming is well-positioned to benefit from the growth of the sports betting industry in the United States. The company has a strong portfolio of casinos and racetracks, which can be used to attract sports betting customers. Penn National Gaming also has a strong brand and a proven track record in the gaming industry.

Here are some of the key things to know about Penn National Gaming’s sports betting business:

• The company operates sportsbooks in 13 states and the District of Columbia.
• It has partnered with Barstool Sports to offer sports betting in several states.
• It is also a major investor in theScore, a Canadian sports media company that operates a sportsbook in Canada.
• Penn National Gaming is expected to continue to grow its sports betting business in the coming years, as more states legalize sports betting and more people become interested in betting on sports.

The stock trades at a great six times trailing earnings and 12.5 times forward earnings. Quarterly earnings growth year-over-year was an incredible 987.9%, on a revenue increase of 7%. It has a superior price to earnings growth [PEG] ratio of 0.27, an excellent price to sales [PS] ratio of 0.59, and sells at 92% of book value.

Flutter Entertainment (PDYPY): Flutter Entertainment is a British gambling company that operates in over 20 countries. It is one of the largest online sports betting companies in the world and owns the Paddy Power Betfair brand.

Flutter Entertainment entered the United States sports betting market in 2018, when it acquired FanDuel, a leading online sportsbook. FanDuel has since become one of the most popular sports betting apps in the United States.

In 2020, Flutter Entertainment acquired TVG, a pari-mutuel online betting network, which is active in 35 states. TVG has a strong presence in the horse racing market, which is a growing segment of the sports betting industry.

Flutter Entertainment is well-positioned to benefit from the growth of the sports betting industry in the United States. The company has a strong portfolio of brands, a proven track record, and a global reach. Flutter Entertainment is also well-capitalized and has a strong management team.

Here are some of the key things to know about Flutter Entertainment’s sports betting business:

• The company operates sportsbooks in 18 states and the District of Columbia.
• It owns the FanDuel and TVG brands, which are two of the most popular sports betting apps in the United States.
• It is also a major investor in Adjarabet, a Georgian sports betting company that operates in several countries in Eastern Europe.

Flutter has a market cap of $34.3 billion, and is currently generating negative earnings. Revenues for the latest reported year were up over 27%.

Churchill Downs (CHDN): Churchill Downs is a horse racing company that owns and operates the Kentucky Derby and several other racetracks. It also has a sports betting app in Indiana and Illinois.

Churchill Downs entered the sports betting market in 2019, when it launched its sportsbook in Indiana. The company has since expanded its sports betting operations to Illinois and is expected to launch sportsbooks in several other states in the coming years.

Churchill Downs is well-positioned to benefit from the growth of the sports betting industry in the United States. The company has a strong brand, a proven track record in the horse racing industry, and a large customer base. Churchill Downs is also well-capitalized and has a strong management team.

Here are some of the key things to know about Churchill Downs’ sports betting business:

• The company operates sportsbooks in Indiana and Illinois.
• It is expected to launch sportsbooks in several other states in the coming years.
• It has a partnership with DraftKings to offer sports betting in several states.

This $9 billion market cap stock has a trailing P/E ratio of 26 and a forward P/E of 16.7. Earnings per share growth this year was a strong 81.2% and quarterly sales growth was up 31.9%. The company even pays a small dividend, providing a yield of 0.29%.

MGM Resorts International (MGM): MGM Resorts International is a casino and resort company that owns and operates casinos, hotels, and entertainment venues in 17 countries. It also has a sports betting app in Nevada, New Jersey, and several other states.

MGM Resorts International entered the sports betting market in 2018, when it launched its sportsbook in Nevada. The company has since expanded its sports betting operations to New Jersey and several other states.

MGM Resorts International is well-positioned to benefit from the growth of the sports betting industry in the United States. The company has a strong portfolio of casinos and resorts, which can be used to attract sports betting customers. MGM Resorts International also has a strong brand and a proven track record in the gaming industry.

Here are some of the key things to know about MGM Resorts International’s sports betting business:

• The company operates sportsbooks in Nevada, New Jersey, and several other states.
• It has a partnership with BetMGM, a joint venture with Entain PLC, to offer sports betting in several states.
• It is also a major investor in BetMGM, which is one of the leading sports betting companies in the United States.

This $16.9 billion company trades at 44 times trailing earnings and 16 times forward earnings. Earnings per share growth this year jumped.44.6%. The very small dividend yield is 0.02%.

These stocks are all poised to benefit from the growth of the sports betting industry in the United States. As more states legalize sports betting, these companies will be well-positioned to capture a share of the market.

Disclosure: The author didn’t own any of the above at the time the article was written.

Stocks Going Ex Dividend in June 2021

   Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and postings will end on this site shortly.  

 The following is a short list of some of the many stocks going ex dividend during the next month.

Many traders and investors use the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the strategy of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.

This technique generally works in bull markets and flat or choppy markets, but you need to avoid the strategy during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.

The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and some with yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the periodic dividend amount.

HP Inc. (HPQ)	6/8/2021	0.194	2.60%
MGM Resorts International (MGM)	6/9/2021	0.002	0.02%
Merck & Company, Inc. (MRK)	6/14/2021	0.65	3.43%
Best Buy Co., Inc. (BBY)	6/16/2021	0.70	2.37%
Dillard’s, Inc. (DDS)	6/29/2021	0.15	0.44%
Keurig Dr Pepper Inc. (KDP)	6/30/2021	0.188	2.02%

The additional ex-dividend stocks can be found HERE . (If you have been to the page before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists at WSTNN.com HERE .

Dividend definitions:

Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written

Top Sports Betting Stocks

 Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and postings will end on this site shortly. 

Sports are coming back. Online betting is increasing. What companies are benefiting?

Two years ago, the Supreme Court allowed betting on sports in all states, with each state deciding whether to allow this form of gambling or not. Several states have already legalized online sports betting. Many more states are considering legislation. These changes should lead to more online gambling, and a transition from illegal gambling to legal betting.

Even NBC Sports Broadcaster Jim Kozimor mentioned in an interview that sports betting will be an extremely strong growth industry.

So if you are looking for a way to profit from sports gambling, you should look at the stocks that should benefit from the online betting on sports events.

DraftKings (DKNG) is one of the largest pure plays in the online sports betting arena. This was one of the stocks that was created from a SPAC. Revenues for this $20.6 billion market cap company were up 23.6% for the latest quarter. Earnings are minimal giving it a price to earnings ratio of over 1000.

Flutter Entertainment (PDYPY) is one of the largest daily fantasy sports providers and a leader in the legal sports betting market. The company was formerly named Paddy Power Betfair. This $25 billion market cap company trades at 47.5 times earnings.

Boyd Gaming Corp. (BYD), an operator of a company that runs over a dozen casinos across the United States, offers its B Connected Sports app in order to take advantage of increased legalization. The stock trades at 30.9 times forward earnings.

to see a list of over 20 companies that may benefit from online sports betting and Internet gambling, sorted in order of market cap, click HERE.Maybe some of these stocks will win big.

Disclosure: Author owns DKNG

Stocks Going Ex Dividend in March 2020

Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and eventually everything on this site will be transferred over there.

The following is a short list of some of the many stocks going ex dividend during the next month.

Many traders and investors use the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the strategy of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.

TOP DIVIDEND STOCKS

This technique generally works in bull markets and flat or choppy markets, but you need to avoid the strategy during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.

The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and many with yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the periodic dividend amount.

QUALCOMM Incorporated (QCOM)	3/4/2020	0.62	3.17%
General Motors Company (GM)	3/5/2020	0.38	4.84%
Kimberly-Clark Corporation (KMB)	3/5/2020	1.07	3.03%
MGM Resorts International (MGM)	3/9/2020	0.15	2.44%
HP Inc. (HPQ)	3/10/2020	0.176	3.22%
The Kraft Heinz Company (KHC)	3/12/2020	0.40	6.14%
Las Vegas Sands Corp. (LVS)	3/17/2020	0.79	5.42%
Tiffany & Co. (TIF)	3/19/2020	0.58	1.74%
Portland General Electric  (POR)	3/24/2020	0.385	2.83%
SkyWest, Inc. (SKYW)	3/30/2020	0.14	1.28%
Comcast Corporation (CMCSA)	3/31/2020	0.23	2.16%

The additional ex-dividend stocks can be found HERE . (If you have been to the page before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists HERE . Most of the lists are free.

Dividend definitions:

Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

TOP DIVIDEND STOCKS

Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written, and affiliate links.

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Stocks Going Ex Dividend in September 2018

Please note that this is a sister publication of WallStreetNewsNetwork ( http://WStNN.com ) and eventually everything on this site will be transferred over there.

The following is a short list of some of the many stocks going ex dividend during the next month. Many traders and investors use the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the strategy of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend.

This technique generally works in bull markets and flat or choppy markets, but you need to avoid the strategy during bear markets. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can’t sell the stock until after the ex date.

The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, lots with market caps over $500 million, and many with yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, the periodic dividend amount, and annual yield.

Schlumberger N.V. (SLB)	9/4/2018	0.50	3.07%
General Motors Company (GM)	9/6/2018	0.38	4.21%
CBS Corporation (CBS)	9/7/2018	0.18	1.35%
MGM Resorts International (MGM)	9/7/2018	0.12	1.66%
HP Inc. (HPQ)	9/11/2018	0.139	2.28%
Bed Bath & Beyond Inc. (BBBY)	9/13/2018	0.16	3.44%
Domino’s Pizza Inc (DPZ)	9/13/2018	0.55	0.75%
Nasdaq, Inc. (NDAQ)	9/13/2018	0.44	1.90%
World Wrestling Entertainment, Inc. (WWE)	9/13/2018	0.12	0.60%
Las Vegas Sands Corp. (LVS)	9/18/2018	0.75	4.57%
Yamana Gold Inc. (AUY)	9/27/2018	0.005	0.72%
Xerox Corporation (XRX)	9/27/2018	0.25	3.62%

The additional ex-dividend stocks can be found HERE . (If you have been to the page before, and the latest link doesn’t show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists HERE . Most of the lists are free.

Dividend definitions:

Declaration date: the day that the company declares that there is going to be an upcoming dividend.

Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

Monthly Dividend Stock List

Record date: the day when you must be on the company’s books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.

Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

Don’t forget to reconfirm the ex-dividend date with the company before implementing this technique.

Disclosure: Author did not own any of the above at the time the article was written.

Do 'Bad' Stocks Do Better than 'Good' Stocks?

Investors who aren't concerned about what businesses their investments are in might want to consider investing in 'bad' stocks, often referred to as 'vice stocks' or 'sin stocks', and now are referred to as the supposedly politically correct term, 'barrier stocks.' They are now called that because the industries have a barrier to entry. The industries include tobacco, alcohol, gambling, defense, adult entertainment, and other businesses that have negative connotations by many investors.

As a matter of fact, there is a mutual fund that used to be called the Vice Fund, but is now called the USA Mutuals Barrier Investor

Fund. (VICEX). Over the last year, the fund has significantly outperformed the S&P 500, rising 3.26% versus a drop of 2.36% for the S&P. Even over five years and ten years, the fund has outperformed the stock market in general. Year-to-date, the fund is up 3.69% versus a loss in the S&P.

If you are wondering what sort of stocks are in the Barrier Fund portfolio, here are the top eight holding:

Philip Morris International Inc (PM)
Reynolds American Inc (RAI)
Las Vegas Sands Corp. (LVS)
Altria Group, Inc. (MO)
MGM Resorts International (MGM)
Raytheon Company (RTN)
Wynn Resorts (WYNN)
General Dynamics Corp (GD)

Each of these stocks represent anywhere from 3% to 6% of the portfolio.

Rydex Leisure (RYLIX) is a fund that owns several stocks that are considered 'bad' or not so good, such as Philip Morris, Altria, and Reynolds American. It also owns McDonald's (MCD) as some investors consider fast food to be not-so-good.

Another fund that has occasionally been put in the vice fund category includes Fidelity Select Consumer Staples (FDFAX), which owns British American Tobacco, Reynolds American, and Altria. It also owns Pepsico (PEP) and Coca Cola (KO), which many consider not-so-good due to the sale of sugary drinks.

If you are not concerned about how your investment funds are used, buying the 'bad' stocks might be a 'good' strategy.

Disclosure: Author owns MCD, PEP, & KO. 

By Stockerblog.com

Will Legalized Online Gambling Help the Casino Stocks?

Two days before Thanksgiving, online Internet casinos opened in New Jersey, becoming the third state, in addition to Nevada and Delaware, to legalize online gaming. ('Gaming' in this article refers to gambling, not computer games.) Investors are wondering if this will help or hurt the terra firma casinos.

The Online Gambling Supporters

According to recent Bloomberg interviews, MGM Resorts International (MGM) is definitely going after online poker. Caesars Entertainment (CZR) is also a champion for online casinos.

MGM Borgata

MGM's Borgata casino in New Jersey is one of the first six casinos that received approval to offer Internet gambling. The company also owns resorts in Nevada, Michigan, and Mississippi, along with the MGM Macau Resort. The stock trades at 92 times forward earnings but generated negative earnings for the latest quarter on a 9.4% rise in revenues.

Caesars Entertainment

Caesars Entertainment is the largest casino company in the country, and owns Caesars Atlantic City in New Jersey.  It is also ne of the leaders in online gambling as it has Internet casino games in the United Kingdom, France, and Italy. Caesars has also generated negative quarterly earnings, and had a 3% drop in revenues.

Will Wynn Win?

One of the casino companies that is holding back on online gaming for now, and appears to be in better shape from a financial standpoint is Wynn Resorts (WYNN). Wynn trades at 28 times trailing earnings, 23 times forward earnings, and reported a stupendous jump of 62.5% in earnings for the quarter on a 7.1% boost in revenues. The stock even sports a decent yield of 2.5%.

Other Casino Stocks

If you want to gamble on gambling related stocks, there are over a dozen to choose from. You can get a free list of casino stocks at WallStreetNewsNetwork.com, which shows the PE ratio, the forward PE, the PEG, the yield, and the locations of operations.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com