As the NFL season kicks off, investors are looking for opportunities to add some excitement to their portfolios. With sports betting becoming increasingly popular, gambling stocks have been gaining attention from investors. Here are the top three gambling stocks to buy this NFL season, according to 24/7 Wall St.
1. DraftKings (DKNG):
DraftKings is a leading sports betting and daily fantasy sports company that has seen significant growth in recent years. The company has partnerships with several NFL teams, including the New England Patriots and the Philadelphia Eagles, and has become a popular choice among sports bettors. With the NFL season in full swing, DraftKings is expected to see a surge in activity and revenue. The company’s stock price has already seen significant growth this year, and analysts are bullish on its long-term prospects.
2. MGM Resorts International (MGM):
MGM Resorts International is one of the largest casino operators in the world and has a growing presence in the sports betting market. The company recently launched its BetMGM platform, which has quickly become one of the fastest-growing sportsbooks in the US. With the NFL season driving increased betting activity, MGM Resorts is expected to see a boost in revenue. The company’s stock price has been on an upward trend in recent months, and analysts are optimistic about its growth potential in the sports betting industry.
3. Penn National Gaming (PENN):
Penn National Gaming is another major player in the gambling industry and has been expanding its sports betting capabilities in recent years. The company owns and operates several casinos and racetracks across the US, as well as the popular Barstool Sports media brand. Penn National has seen strong growth in its online sports betting business, which is expected to benefit from the NFL season. The company’s stock price has been performing well, and analysts believe there is potential for further growth in the coming months.
Overall, these three gambling stocks are poised to benefit from the excitement of the NFL season and the growing popularity of sports betting. Investors looking to add some excitement to their portfolios may want to consider adding these stocks to their watchlist. As always, it’s important to do thorough research and consult with a financial advisor before making any investment decisions.
