* Americans have wagered over
* The total sports betting handle in 2021 was over
* The number of people regularly betting on sports increased by 80% in 2021
* The best bets in the industry may surprise you
Gambling on sports is turning into big business, and this trend looks like it will continue. According to a 2021 survey, people aged 44 or under bet far more than older demographics. (31% of people aged between 35 and 44, 28% of people aged 21 to 34, 10% of people aged between 45 and 64, 5% of people 65 or older claim to be regular bettors).
The phrase "the house always wins" is probably why savvy investors are placing their bets on stocks profiting from the sports gambling boom.
FanDuel, a subsidiary of Flutter Ent. (OTCMKTS: PDYPF) (40%) &
For instance,
While this could result in significant long-term revenue growth, it is still a risky 'bet'. If investors have the risk tolerance for sports betting stocks, there are a few OTC companies in the space with business models that could create much higher margins than their more recognizable counterparts.
WNRS stock is particularly interesting because its CEO is one of the most recognizable and respected names in sports handicapping,
-At age 16 when the media dubbed him "The Betting Whizkid" and "the next Jimmy the Greek."
-Root has been profiled by the biggest media in the world, including CNBC,
-Starred in a Gambling reality TV show on
-In 2006, Wayne became the only Vegas oddsmaker or sports handicapper ever awarded a star on the Las
-Partnership with bet365, one of the world's largest sports betting brands and currently legal in
-Signed an agreement with blockchain-based online casino and sportsbook
-Adding 2 industry vets to management; former 888sport executive
WNRS's latest announcement could be a major revenue driver and is why investors will most likely start hearing a lot more about this company. The company, which operates through its subsidiary VegasWinners has won
This will help the company drive substantially more business to its partners, which is one revenue source; the company also sells expert picks on its VegasWinners site, which will certainly benefit from increased exposure.
WNRS stock seems like a 'winner'.
Analysts clearly see real growth potential in this model, however, GAMB does not have a frontman with the kind of cache as WNRS'
If WNRS had analysts following it, it can be inferred from the GAMB price target that they might expect similar growth, if not more due to the company's low float.
Other interesting options in the space include,
Key Takeaway
Sports betting is booming and investors certainly have several options for capitalizing on the industry's growth. However, household names are killing their margins with the marketing necessary to make themselves 'household names.' For now, investors may want to start researching companies who are providing the marketing services to these companies such as
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