Top Online Gambling Stocks

by Fred Fuld III

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.

The following is a list of over 20 companies that may benefit from online sports betting and Internet gambling, sorted in order of market cap.

Company Symbol Mkt Cap in Millions Yield
Las Vegas Sands LVS 36,372 4.59%
Marriott International MAR 31,134 1.21%
Paddy Power Betfair [Flutter Ent.] PDYPY 24,970 0.00%
DraftKings DKNG 20,689 0.00%
MGM Resorts MGM 11,259 0.95%
Penn National Gaming PENN 10,680 0.00%
Gaesar’s Entertainment CZR 9,604 0.00%
Wynn Resorts WYNN 7,940 2.04%
Churchill Downs CHDN 7,154 0.39%
GVC Holdings GMVHF 6,103 7.42%
Scientific Games SGMS 3,475 0.00%
Boyd Gaming BYD 3,470 0.00%
William Hill WIMHY 2,544 0.00%
International Game Technology IGT 2,367 7.21%
Madison Square Garden Ent. MSGE 1,661 0.00%
888 Holdings EIHDF 851 2.21%
Gan Ltd GAN 485 0.00%
GameHost GHIFF 104 0.00%
Millennial Esports MLLLF 58 0.00%
Bragg Gaming BRGGF 26 0.00%

Maybe some of these stocks will win big.

Disclosure: Author owns DKNG.

Top 21 Sports Betting Stocks

by Fred Fuld III

Last year, the Supreme Court came out with a decision that would allow betting on sports in all states, with each state determining whether or not to allow this form of gambling. Several have already legalized legalized online sports betting. Almost half the states are considering legislation. This 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 back in September that sports betting will be an extremely strong growth industry.

So if you are looking for a way to profit from sports betting without betting on stocks, you should look at the stocks that should benefit from the online betting of sports.

FanDuel is the second largest daily fantasy sports provider and is anticipated to be a leader in the legal sports betting market. Thast year, FanDuel was taken over by Paddy Power Betfair (PDYPY), which trades on the London Stock Exchange in Britain and on the Pink Sheets in the US. This $6,6 billion market cap company trades at 20 times forward earnings and pays a favorable yield of 4.2%.

Boyd Gaming Corp. (BYD), an operator of a company that runs 16 casinos across the United States, has recently released its B Connected Sports app in order to take advantage of increased legalization. The stock trades at 29 times  trailing earnings and has a forward price to earnings ratio of 17. It pays a small dividend of 0.8%.

The following is a list of over 20 companies that may benefit from online sports betting.

Company Symbol MktCap Yield
Paddy Power Betfair PDYPY 6.7 B 4.14%
MGM Resorts MGM 14.9 B 1.87%
Gaesar’s Entertainment CZR 6.3 B 0
Madison Square Garden MSG 7.3 B 0
Penn National PENN 2.6 B 0
GameHost GHIFF 177 M 7.04%
Boyd Gaming BYD 3.4 B 0.79%
Bragg Gaming BRGGF 16 M 0
Churchill Downs CHDN 3.8 B 0.58%
Stars Group TSG 5.1 B 0
William Hill WIMHY 1.9 B 9.58%
International Game Technology IGT 2.8 B 5.76%
El Dorado Resorts ERI 3.9 B 0
Scientific Games SGMS 1.9 B 0
Wynn Resorts WYNN 15.8 B 2.04%
Marriott International MAR 45.7 B 1.21%
Millennial Esports MLLLF 17 M 0
888 Holdings EIHDF 731 M 5.13%
GVC Holdings GMVHF 4.9 B 4.95%
Las Vegas Sands LVS 51.9 B 4.59%

Here’s hoping the stock you choose provide you with a big payoff.

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