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.