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Hold or Fold 4 Sports Betting Stocks as Industry Soars Toward $8B Future
Episode 10426th May 2021 • The Stock Power Podcast • Money & Markets
00:00:00 00:11:08

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I’m a sports nut.

I track it back to my early days as a sports reporter writing about everything from college football to high school softball.

So, when sports finally returned after some uncertainty following the COVID-19 outbreak last year, I was pretty darn excited.

I wasn’t alone.

A small group of companies breathed a collective sigh of relief as the NFL, NBA, college football and other sports returned to the limelight.

These companies focus on one thing: sports betting.

In 2018, sports betting was legalized in the U.S. after the Supreme Court struck down a law banning the practice. It gave states the right to legalize sports betting.

Now, betting on sports is legal in more than two dozen states, and all but three states have some form of legislation in the works.

The question now is whether investing in sports betting companies is worthwhile.

In this episode of The Bull & The Bear, I look at four of the biggest players in sports betting and tell you whether you should gamble on them or not.

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