Bet On Football With Confidence At Pokerstars Sports India – Written by James Royal Written by James RoyalArrow Right Lead Author, Investment and Wealth Management Lead author James F. Royal, Ph.D., covers investing and wealth management. His work has been cited by CNBC, the Washington Post, The New York Times and more. Connect with James Royal on Twitter Twitter Connect with James Royal on LinkedIn Linkedin Contact James Royal via Email Email James Royal
Edited by Brian Beers Edited by Brian BeersArrow Right Editor-in-Chief Brian Beers is the editor-in-chief of the Wealth team at . He oversees editorial coverage of banking, investing, economics and all things money. Connect with Brian Beers on Twitter Twitter Connect with Brian Beers on LinkedIn Linkedin Brian Beers
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One of the best ways to make money with sports betting is by betting on houses – by investing in them!
Sports betting is rapidly gaining popularity. More than half of US states have legalized it, with six others actively working on legislation to legalize it from January 2022, according to the American Gaming Association. In addition, revenue is expected to increase fivefold in the coming years — from $2.1 billion in 2021 to $10.1 billion in 2028, according to Gabelli Securities.
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The Super Bowl, scheduled for February 13, could set a betting record if last year’s game is any indication. More than 23 million Americans are expected to wager $4.3 billion on the game by 2021, according to the AGA, and more states have since legalized it.
Here are five ways you can get into the game of investing in the popular sports betting market.
The most obvious places to check are companies directly involved in sports betting, such as those that use apps that allow gamblers to collect their money. If you want to get exposure to this growing market, this might be your best bet. Here are some of the best players:
For example, the Walt Disney Company has been exploring sports betting and thinking about how it might leverage its own ESPN brand. However, if the company decides to go that route, sports betting will be a small part of a larger diversified company. Private media company Yahoo also offers bettors a Yahoo-branded sportsbook, powered by BetMGM, capitalizing on its position in fantasy sports. However, you probably won’t get the same “value for money” from these types of companies compared to the “pure game” odds available in betting.
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Another way to play the growing sports betting market is to invest in larger gambling companies, more informally known as casinos. Many casinos offer sports betting and online sports betting, but you also invest in gambling and hotel operations, so you will not be very focused on sports betting. Some of the best players here are:
If you’re looking for broad exposure to gaming, including sports betting, online gaming, and traditional physical venues, choose a gaming ETF. ETFs give you broad industry exposure without having to pick winners, and you can play reopening trades when more people travel and go to casinos. Here are two funds that focus on those areas:
ETFs can be a good choice for someone who just wants to bet on the growth of the industry as a whole.
If you like horse racing you have a good listed option and it is an icon in the industry:
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In addition to investing directly in gambling companies, you can also invest in companies that provide the technology behind gambling. It’s like investing in a pick and shovel company in a gold rush. Here are some popular names:
If investors want to invest in individual stocks or even the gaming industry as a whole, it’s important to pay attention to risk. These are the pairs that are highly relevant to invest in sports betting right now:
As with any investment, you should carefully look at several other factors before jumping into the market.
Sports betting is growing in popularity and can be an attractive place to invest, especially as new forms such as app betting emerge. However, investors have other options for playing the space, and those looking for a broad-based recovery are betting on ETFs.
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Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making investment decisions. In addition, investors are advised that past performance of investment products is no guarantee of future price increases.
Lead author James F. Royal, Ph.D., covers investing and wealth management. His work has been cited by CNBC, the Washington Post, The New York Times and more.
Edited by Brian Beers Edited by Brian BeersArrow Right Editor-in-Chief Brian Beers is the editor-in-chief of the Wealth team at . He oversees editorial coverage of banking, investing, economics and all things money. Connect with Brian Beers on Twitter Twitter Connect with Brian Beers on LinkedIn Linkedin Brian Beers Admin editoPokerStars Sports is currently not licensed anywhere in the United States. Follow the ‘legal tracker’ to see where PokerStars Sports will be active next time.
PokerStars Sports is available in Canada. In June 2022, Pokerstars’ parent company, TSG Interactive Canada, registered with the Alcohol and Gaming Commission of Ontario and entered into an operating agreement with iGaming Ontario.
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