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3 of the Hottest Sports Betting Stocks for 2021

With all the buzz around sports betting companies, a lot of investors are piling into these outperforming stocks. There are certainly some industry stocks you should have in your portfolio to take advantage of this booming sector. There are now 25 states with more coming that offer sports betting, great for sports fans and even greater for these listed Sports Betting Companies.  Research firm Gambling Compliance estimates the U.S. betting market to hit $8.2 billion by 2024. Whilst Morgan Stanley believes the figure could get to $10 billion annually by 2025 and reach $100 billion globally.

If you want a balanced portfolio of stocks and managed for you, go for an ETF that invests in Sports Betting and iGaming. With assets of $100 million in just three months of launching the fund, the Roundhill Sports Betting & iGaming ETF (BETZ)—is a good bet. If you want individual stocks for your portfolio, let’s look at 3 that we like for 2021.

GAN – GameAccount Network is a software provider of online games for many land-based and online casinos in the U.S. and globally. With both real money and simulated iGaming and sports betting software and apps, it does reach into many areas of the market. We like it because it’s got this array of products and revenue streams.

This UK company IPO’d in May 2020 and is since up 78% but has reached as high as $28.95 per share since raising $54 million when it listed. Last year, GAN reported its first quarterly earnings report, and it was impressive. With a doubling of its revenue to $8.3 million. Its biggest market was the United States with 85% contribution to sales and its adjusted EBITDA was $1.9 million, which was a very significant turnaround from the $200k loss in the same period 2019.

William Hill USA - one of the oldest names in the industry again from the UK but already a strong incumbent in the United States, it has a presence in Nevada State and Iowa, Indiana, Colorado, New Jersey, and West Virginia and is expanding further with physical locations. They have the history and the breadth of sports, but where their technology is lacking, their brand equity, financial muscle and appeal to analysts and investors means it has a stock worth holding for the long term. However, in more modern times William Hill is now under the operations of Caesars Entertainment Inc which is floated on the NYE.

Success of William Hill in the UK - William Hill in the UK is still owned by Caesars Entertainment but operates as it always has with no noticeable changes for UK customers at this time. It is one of the many online sportsbooks that offers free bets and bonus bets for both existing customers and new members joining the site. It was one of the best sites for bonus bets and free bets for sports events in the UK, but today there is a lot of competition. You can find bonus bets from multiple sports betting websites for horse racing, football, cricket, tennis, rugby, and even eSports markets which are all sports William has always traditionally covered.

MGM - BetMGM and Partypoker is a tie up between MGM Casino and GVC Holdings. Now its physical casino operations have made big losses during Covid lockdowns. But its online gaming side and gambling app have been very successful. Owing in large part to its endorsements by Jamie Foxx, the Las Vegas Raiders and Detroit Lions.

In July 2020, the partnership between the 2 companies added $250 million in gaming revenues. And the gaming giant will cover 50% of the American market in 11 states.

For some insight into why Sports Betting is getting so popular and some tips on sports betting check out this must-read article.

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Syandita Malakar
Hi guys this is Syandita. I started Business Module Hub to help you all to post updated articles on technologies, gadgets. Although I love to write about travel, food, fashion and so on. I quite love reading the articles of Business Module Hub it always update me about the new technologies and the inventions. Hope you will find Business Module Hub interesting in various way and help you accordingly. Keep blogging and stay connected....!
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