In 2018, the U.S. Supreme Court struck down a law preventing states from legalizing sports gambling. Since that landmark ruling, the U.S. sports gambling business has boomed, including the launch of a number of sports betting apps and online sports betting, or OSB, platforms. Zion Market Research estimates the global sports betting industry will generate $179.3 billion in revenue per year by 2028. U.S. companies generated $211 million in OSB gross gaming revenue in February, up 39% compared with a year ago. Here are seven top sports betting stocks to watch in 2022.
Penn National Gaming Inc. (PENN)
DraftKings Inc. (DKNG)
Flutter Entertainment PLC (PDYPY)
Churchill Downs Inc. (CHDN)
Caesars Entertainment Inc. (CZR)
MGM Resorts International (MGM)
Boyd Gaming Corp. (BYD)
Penn National Gaming Inc. (PENN)
DraftKings Inc. (DKNG)
Flutter Entertainment PLC (PDYPY)
Churchill Downs Inc. (CHDN)
Caesars Entertainment Inc. (CZR)
MGM Resorts International (MGM)
Boyd Gaming Corp. (BYD)