Investing in Sports Betting Stocks
The U.S. Supreme Court struck down the federal ban on sports betting in a 2018 decision, opening the doors for states to legalize it if they wish. Since then, more than 30 states and the District of Columbia have legalized sports betting in some form, many allowing online bets. Another 10 states could legalize the practice in the near future.
As more states legalize sports betting, the market is growing quickly. Not only are new states easing restrictions, but betting is growing more popular each year in states that have already legalized it. If you want to invest in this quickly growing industry, here are seven options to consider: