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Are You Going to Bet on Sports Betting Stocks?

by Fred Fuld III

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

Top Sports Betting Stocks

by Fred Fuld III

In 2018, the Supreme Court came decided that betting on sports in all states is legal, with each state to determine whether or not to allow this form of gambling.

Sports betting is now legal in 36 states.

According to a report last September from Morgan Stanley, “By 2025, sports betting revenue could eclipse $7 billion.”

So betting on sports is a major growing business, which will eventually be very granular in terms of available bets. For example, with the net pitch be a ball or a strike.

Of course, the major casino companies are involved in this industry, such as Caesars Entertainment Inc. (CZR) and MGM Resorts International(MGM), however there are few pure plays.

For example there is Flutter Entertainment (PDYPY) and DraftKings (DKNG).

For more diversification, there is a sports betting ETF, the Roundhill Sports Betting & iGaming ETF (BETZ).

Flutter Entertainment, which was formerly Paddy Power Betfair, is based in Dublin, Ireland. The company owns FanDuel, Paddy Power, Betfair, Fox Bet, Full Tilt Poker and PokerStars

The stock trades Over-the-Counter in the United States and has a $25.7 billion market cap. It is currently negative earnings.

Boston, Massachusetts based DraftKings, a provider of sports betting and daily fantasy sports, originally went public through a SPAC.

The stock has a market cap of $8.2 billion and trades on NASDAQ. Earnings are currently negative.

However, the quarterly revenue growth year-over-year is 80.7%. It has $3.76 in cash per share.

Maybe a bet on one of these stocks will provide a winner for your portfolio.

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

Would You Pay $5 Million for Michael Jordan’s Jersey?

We made you aware of the auction of Princess Diana’s car, and Steve Jobs autograph on a floppy disk.

Now is your chance to get something in the sports field.

The auction house Sotheby’s will be offering the jersey from Michael Jordan from his final NBA championship.

He wore this Chicago Buls jersey during the game with the Utah Jazz.

The auction will be held during September 6 to the 14th as a single lot sale.

It is expected to be hammered at $3 million to $5 million.

2363% Return on a Baseball Card: What an Investment!

by Fred Fuld III

If you had a baseball card and it had increased in value by 2363%, would you sell it?

Well the owner of a Honus Wagner baseball card did just that.

He paid $294,338 for it back in 2006, and recently sold it through a private sale for $7.25 million.

This works out to an average annual return of 22%.

This extremely rare slabbed Honus Wagner T-206 baseball card was authenticated by SGC.

The back of the card displays an ad for Sweet Caporal Cigarettes.

*Honus Wagner Baseball Card – Credit: Wikipedia*

Honus Wagner, born Johannes Peter Wagner, was an American baseball shortstop who played 21 seasons in Major League Baseball from 1897 to 1917, almost entirely for the Pittsburgh Pirates.

Wagner won his eighth (and final) batting title in 1911, a National League record that remains unbroken to this day, and matched only once, in 1997, by Tony Gwynn. He also led the league in slugging six times and stolen bases five times.

Wagner was nicknamed “the Flying Dutchman” due to his superb speed and German heritage.

In 1936, the Baseball Hall of Fame inducted Wagner as one of the first five members. He received the second-highest vote total, behind Ty Cobb’s 222 and tied with Babe Ruth at 215.

Most baseball historians consider Wagner to be the greatest shortstop ever and one of the greatest players ever. Ty Cobb himself called Wagner “maybe the greatest star ever to take the diamond”.

Wagner was a non-smoker and reportedly didn’t want his card to promote cigarets, so production of the cards was stopped, with less than 60 known to exist.

If you have an interest in baseball and other sports cards, don’t forget to check out the following articles:

Investing in Old Collectable Baseball Cards: How to Get a Share for Free

Last month I bought a Racehorse, an NFT, and a Collectable Baseball Card: Are We In a Bubble?

Invest in Shares of Stock of a Hank Aaron Baseball Card

by Fred Fuld III

Yes, you read that headline right. You can actually buy shares in baseball cards, including a Hank Aaron 1954 Topps PSA 8.5 baseball card.

The shares a qualified by the Securities & Exchange Commission, and are sold through a broker-dealer.

It’s not just baseball cards you can invest in, you can purchase shares in a Tiger Wood Titleist tournament used putter, a Wilt Chamberlain game-worn, autographed high school uniform, and a Babbe Ruth & Lou Gehrig signed baseball.

The shares can be traded just like any other stock, 90 days after the IPO (initial public offering).

These offerings are made available through a company called Collectable.

So if you didn’t have the $100,000 or $1,000,000 for a rare card, at least now you can own a piece of it.

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.

Exclusive Interview with NBC Sports Broadcaster Jim Kozimor: Discusses ProSports ETF, Sports Betting, Colin Kaepernick, Team Investments, Becoming an Announcer

by Fred Fuld III

The following interesting and informative interview was provided by Jim Kozimor, the three-time Emmy Award winning host who has worked on four Olympic Games as a Play-by-play announcer for The NBC Sports Group, and co-founder of SportsETFs, which manages the first sports related Exchange Traded Fund, the ProSports Sponsors Fund (FANZ).

The discussion includes the following:

The importance of a company being a corporate sponsor for a sports team
The types of companies that are considered for the ETF
How the idea for a sports related ETF came about
The limitations of team ownership stocks
The effect of Colin Kaepernick on the Nike stock
The future of the growth of sports betting
Advice for future broadcasters
and much, much more!

To stream the interview, click:

HERE

You can download as an mp3 file by right-clicking HERE (or Control click on a Mac) and choosing “save as.”

More information about SportsETFs can be found here:

SportsETFs.com

More information about Jim Kozimor can be found here:

Jim Kozimor

If you missed the previous interview with Nick Fullerton, the other co-founder of SportsETFs, you can check it out here.

All opinions are those of the interviewee, and do not represent the opinions of this website or the interviewer. Neither this website, nor the interviewer, nor the interviewee are rendering tax, legal, or investment advice in this interview. No investment advice is expressed or implied. No recommendations are made to buy, sell, hold, or short any security. All information is provided for education and general information only.

Exclusive Interview with Nick Fullerton, President of SportsETFs, The First Sports ETF

by Fred Fuld III

The following interesting and informative interview was provided by Nick Fullerton, founder and principal at Fullerton Advisors, and co-founder and president at SportsETFs, which manages the first sports related Exchange Traded Fund, the ProSports Sponsors Fund (FANZ).

The discussion includes the following:

The importance of a company being a corporate sponsor for a sports team
The types of companies that are considered for the ETF
How the idea for a sports related ETF came about
Why the stocks of stadium sponsors may be worth looking at
The limitations of team ownership stocks
Other sport stock considerations, such as soccer, tennis, golf, and motorsports
The process to set up the ETF
and much, much more!

To stream the interview, click:

HERE

You can download as an mp3 file by right-clicking HERE (or Control click on a Mac) and choosing “save as.”

More information about SportsETFs can be found here:

SportsETFs

More information about Nick Fullerton can be found here:

Nick Fullerton

Don’t forget to check out the follow-up interview with the other co-founder, NBC Sports Announcer Jim Kozimor, which can be found here.

How to Invest in Soccer

by Nkem Iregbulem

In America, football and soccer refer to two different sports. However, in the UK, American football doesn’t exist, so football and soccer are synonymous. While American football is the most popular sport in America, soccer, otherwise known as association football, remains the most popular sport in the world. With time, soccer has begun to win over the hearts of the American people. If you want to benefit from the increasing popularity of the sport around the world, consider investing in a soccer related stock.

You have five main choices: Manchester United PLC (MANU), Juventus Football Club S.p.A. (JVTSF), Goals Soccer Centres PLC (GOAL), Olympique Lyonnais Groupe (OQLGF), and Borussia Dortmund GmbH & Co KGaA (BORUF). The MANU and GOAL stocks can be found on the New York Stock Exchange and London Stock Exchange, respectively, but the OQLGF, BORUF, and JVTSF stocks are all traded over-the-counter.

Manchester United Football Club, a professional football club based in England, is widely considered one of the world’s best soccer teams. The team and its activities are managed by Manchester United. The company is responsible for the club’s news, sports features, media network, fan zone, and team merchandise. It generates most of its revenue from three principal sectors: Commercial, Broadcasting, and Matchday. The company has increased its revenue each fiscal year since 2015 and enjoys a 3-year revenue growth rate of 10.3%. The company’s stock has a very high PE ratio of 806.12 but a much lower forward PE ratio of 80.0. Manchester United has a market cap of $3.46 billion, and its stock pays a small dividend yield of 0.86%. With a price-sales ratio of 4.14, its stock is somewhat overpriced. This stock can be found on the New York Stock Exchange.

Juventus Football Club SpA is a company that operates as a professional soccer club based in Italy. The Juventus Football Club has one of the largest fan bases worldwide. It generates the majority of its revenue from advertising, sponsorships, ticket sales, and the licensing of television and media rights. The company has a market cap of $741.9 million. It has increased its revenue each fiscal year since 2011 and boasts a 3-year revenue growth rate of 21.24%. Its stock, which is traded over-the-counter, has a price to earnings ratio of 46.04, a price-sales ratio of 1.21, and a price-to-book ratio of 4.74.

Another soccer related stock to consider is that of Goals Soccer Centres PLC, a company based in the UK that operates more than 40 5-a-side soccer centers in the UK and one in Los Angeles. Of the five soccer related companies, Goals Soccer Centres boasts the largest market cap of $6.43 billion. The company’s stock has a current PE ratio of 14.26 and forward PE ratio of 12.39. Its stock has a price-sales ratio of 1.97 and a low price-to-book ratio of 0.65. The company faces a negative 3-year revenue growth rate of -1.56% as its revenue has been decreasing each fiscal year since 2014. You can find this stock on the London Stock Exchange.

You may also want to look at Olympique Lyonnais Groupe, a company headquartered in France. The company owns and manages the Olympique Lyonnais soccer team based in Lyon. This club is supported by a very loyal and active fanbase. The company generates a great deal of its revenue from ticket sales, player trading, sponsorships, advertising, and media licenses. Olympique Lyonnais Groupe’s revenue has been increasing each fiscal year since 2015 as the company boasts a 3-year revenue growth rate of 23.82%. Its stock is traded in the over-the-counter market, giving the company a market cap of $208.9 million. The company’s stock has a PE ratio of 20.22, an excellent price-sales ratio of 0.96, and a low price-to-book ratio of 0.65.

One last soccer related company to consider investing in is Borussia Dortmund GmbH & Co KGaA, which operates Borussia Dortmund, a German professional football club based in Dortmund, North Rhine-Westphalia. Most of the company’s revenue comes from sponsorships, catering, player transfers, TV marketing, and ticket sales. Its revenue has been increasing each fiscal year since 2014 as it enjoys a 3-year revenue growth rate of 15.88%. The company has a market cap of $689.86 million and pays a small dividend yield of 0.85%. Borussia Dortmund’s stock has a PE ratio of 18.30 and a lower forward PE ratio of 9.74. Traded over-the-counter, its stock has a price-to-book ratio of 1.70 and a price-sales ratio of 1.16.

As soccer’s popularity grows across the world, you may want to consider getting in on the game by investing your money in the stocks of some of these football clubs and companies.