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DraftKings’ 2023 surge paces sports stocks to rebound year

January 3, 2024 - A surge in American sports betting lifted most sports betting stocks higher in 2023, as the Sportico Sports Stock Index rebounded after a disastrous 2022 to finish up 10%, its... Read more »

Could online sports betting stocks get a bump in 2023?

December 28, 2022 - Are operators of online sports betting sites due for a rebound in their stock prices in 2023? With the S&P 500 headed for its worst year since 2008 — down... Read more »

As stocks and crypto crash, is sports betting a better option?

July 7, 2022 - With stock markets tumbling and cryptocurrency crashing, some investors are scrambling for alternatives. Could sports betting offer reprieve? One veteran sports bettor, Bill Krackomberger, said he’s enjoyed reliable profits for... Read more »

As meme stocks fall, sports betting apps are angling for customers

January 29, 2022 - As battered-down meme stocks fall out of fashion a year after the craze began, some gaming industry analysts say online sports betting apps could see a flood of new wagers.... Read more »

Betting stocks blood bath drags sports index to worst month ever

December 2, 2021 - A combination of poor performance on October NFL bets, New York taxes on sports books and investors getting defensive spurred a broad sell-off in sports stocks in November, hammering the... Read more »

Wall Street Bets: Analysts take on Alabama, DraftKings, NJ sports betting, Chinese New Year

February 20, 2024 - Alabama gambling legislation Analyst David Katz of Jefferies examined the possibility of Alabama legalizing gambling. “HB151, a proposed constitutional amendment that would allow gambling through land-based casinos, a state lottery,... Read more »

Wall Street analyst tackles gaming stocks in 2024

January 4, 2024 - According to a Wall Street analyst, Las Vegas Strip and locals casinos are the best positioned in the industry heading into 2024, despite the challenges of higher labor and utility... Read more »

Roundhill to modify underlying index for sports betting and igaming fund

September 23, 2023 - Roundhill Financial Inc. has announced that it will modify the underlying index of the Roundhill Sports Betting and iGaming ETF, an exchange-traded fund the investment adviser designed to track the... Read more »

Wall Street Bets: Online sports betting/igaming, Gambling.com, Las Vegas Strip rates

August 21, 2023 - Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry. Online sports betting/igaming In an August 20 note, Jefferies equity analyst David Katz wrote, “The... Read more »

DraftKings falls 10% on new threat for sports gambling market share from ESPN-Penn partnership

August 9, 2023 - One of the leading sports gambling stocks fell sharply on Wednesday after media giant ESPN took a large step into the online betting world. Shares of DraftKings were down 10%... Read more »