online sports betting

DraftKings Inc (NASDAQ:DKNG) has a new bull on Wall Street that’s taken notice of the growing total addressable market size of the sports betting sector. The DraftKings Analyst: Goldman Sachs analyst Ben Miller initiated coverage on DraftKings with a Buy rating with a $60 price target. The...

A new analyst has initiated coverage on DraftKings Inc (NASDAQ:DKNG), one of the leading companies in the sports betting sector. Here's a look at what the analyst said would help the company with growth and why another analyst raised the price target on DraftKings. Mizuho on DraftKings: With...

Sports betting is legalized in over 30 states and consumers are turning out in large numbers for the 2023 NFL season to bet on games and player props. One of the most populous states has been in limbo over whether online sports betting is legal or not. Here’s the latest. What Happened:...

With a United Auto Workers strike already throwing the Big Three Detroit automakers into disarray, Detroit is facing a second potential strike from another sector that represents a major revenue stream for the Motor City. Detroit Casino Workers Authorize Strike: Workers at the three...

The sports betting world was shocked in August when PENN Entertainment (NASDAQ: PENN) announced a licensing deal with The Walt Disney Company (NYSE: DIS) to launch ESPN Bet in the fall. Here’s what Cathie Wood's take is on the deal — and whether Penn can compete with DraftKings...

Leading sports company Fanatics has launched its Fanatics Sportsbook platform in four states, a move the follows the company being valued at $31 billion in December 2022. What Happened: Fanatics announced the launch of the Fanatics Sportsbook in the states of Maryland, Massachusetts, Ohio and...

Sports betting and iGaming stocks could be in focus ahead of the National Football League (NFL). One analyst is upgrading a leader in the space and raising the price targets on three stocks. The DraftKings Analyst: Roth Capital analyst Edward Engel upgrades shares of DraftKings Inc. (NASDAQ: DKNG)...

Sports betting and online casino company DraftKings Inc (NASDAQ: DKNG) reported second-quarter financial results before the market open Friday. Here are the key highlights for investors. What Happened: DraftKings reported second-quarter revenue of $466 million, up 57% year-over-year. The revenue...

The 2022 NCAA Men’s Basketball Tournament kicks off March 15 with a series of play-in games to narrow down the field from 68 teams to 64 which will compete in a multi-week tournament to crown a champion. Here are some companies that could benefit from March Madness. Paramount:...

A leading casino and sports betting company could have a catalyst coming with the launch of an app to wager on horse racing for its existing and future customers. What Happened: Caesars Sportsbook, which is owned by Caesars Entertainment Inc (NASDAQ: CZR) announced Caesars Racebook in...

Super Bowl LVI will be watched by millions of fans around the world. Along with huge viewership numbers, the annual National Football League contest is expected to generate a huge sports betting handle. What Happened: Several sports betting projections are out with estimates of how much money will...

The highly anticipated launch of online sports betting kicked off in the state of New York in January. In only three weeks, New York is already breaking records for the sports betting industry. What Happened: New York hit a single state monthly record of $1.625 billion in betting handle for the...

Online sports betting went live over the weekend in New York, bringing one of the top five most populous states into the ranks of those that offer legalized bets. The Market Opportunity: With a population of around 20 million people, New York could be the biggest opportunity for sports betting...

The year 2021 left behind some huge storylines for investors. The investment themes may carry over into 2022, which could make some thematic ETFs worth considering in January and further into the year. Here is a look at five ETFs for investors to consider in 2022. Roundhill Sports Betting...

Another state legalized sports betting and it could be one of the largest markets nationwide. Here’s a look at what legalization for Ohio looks like and what companies could benefit from the recently passed legislation. What Happened: Ohio legalized sports betting last week, a move that...