• Why You Should Invest in Sports Betting and Casino Stocks on Robinhood - Best Sports Book Stocks!

  • May 10 2024
  • Length: 16 mins
  • Podcast

Why You Should Invest in Sports Betting and Casino Stocks on Robinhood - Best Sports Book Stocks!

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  • #SportsBetting #NBApicks #Fanduel #Draftkings #BetMGM #Bet365 #FREENFLPICKS #FREEMLBPicks #SportsBook #FadeThePublic #SharpBets Forget Meme Stocks and Crypto – This is Where the Smart Money is Heading Enough with the get-rich-quick fantasies already. Tired of chasing elusive trends in the stock market? Sign up for Robinhood with my link and we’ll both pick our own gift stock 🎁 https://join.robinhood.com/rogerb279 If you’re serious about making your money work for you, it’s time to ditch the hype and look for industries with long-term potential and proven staying power. That’s where sports betting and casino stocks come in. Don’t roll your eyes just yet! This isn’t some shady proposition. The landscape of gambling in the US has changed drastically. The Numbers Speak for Themselves More than 30 states (and counting) have legalized sports betting, with some online, completely transforming the space. Handle (total amount of money wagered) for sports betting in the US in 2023 hit a record-breaking $93.2 billion – that’s a 61% year-over-year increase! The online casino market, while smaller, is still showing enormous potential for growth, particularly as more states legalize iGaming. Why You Should Pay Attention Forget Morality, Follow the Money: Whether you have personal qualms about gambling or not is irrelevant. People are spending, companies are profiting, and investors can win big. Recession-Resistant Niche: Even when the economy takes a beating, gambling (let’s be real, vices in general) tend to hold strong. People want their entertainment and escapism. The Growth Curve is Far from Over: States are still getting on board with legalization, meaning opportunities for these companies to expand are ripe. It’s a land-grab for market share right now. Best Sportsbook Bets on Robinhood Don’t waste time sifting through every small-time company. Here are the major players you need to know: DraftKings (DKNG): One of the top players in online sportsbooks, they consistently hold a massive market share and are making strategic inroads. Flutter Entertainment (PDYPY): This international giant owns FanDuel, the top dog in the US sports betting industry with an estimated 40%+ market share. Penn National Gaming (PENN): Owns Barstool Sportsbook, which appeals to a younger, ’bro-ish’ demographic and is expanding rapidly.  Caution: This Ain’t Your Grandma’s Savings Account Like any investment, there’s risk involved. Do your homework! Here’s the bottom line: These stocks can be volatile. Don’t throw your life savings into them. Competition is fierce – companies will rise and fall. New regulations could always change the landscape. A Word to the Wise You don’t need to love sports or be a casino aficionado to make money off them. If you’re a savvy investor looking for an industry with serious upside (and you’re willing to stomach a bit of risk), it’s time to put sports betting and casino stocks on your radar.
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