One way to make money online is to invest in sports betting funds and stocks. The industry is fast growing in popularity. Also, more than half of the states in the US have legalized the activity. By 2028, the US sports betting revenue will grow five times its value today.
The best time to invest in sports betting is before the Super Bowl. The NFL championship game gets the most action every year. Thus, you’ll achieve greater profits. Here’s a guide on how to invest in the sports wagering market.
Tips on How to Invest in Sports Betting Funds and Stocks
Stocks of companies running sports betting apps are a hot commodity. So if you want to venture into the industry, sportsbook apps are your best bet. Some of the top bookie software app operators include DraftKings, Flutter, and Rush Street Interactive.
There are other prominent players in the industry. However, they might have other bigger businesses. For instance, Walt Disney is trying to learn how to be a bookie the fast and easy way by leveraging the ESPN brand. If the company pushes through with its sports betting venture, it would only be a small portion of the company.
We recommend investing in gaming companies. Many casinos have sportsbooks as well. Thus, you are not just investing in sports betting. You are also investing in casinos and hotel operations. On the downside, you would not get a focused exposure in sports wagering. Some gaming companies you can invest in are Caesars Entertainment, Penn National Gaming, MGM Resorts International, and Las Vegas Sands.
Lastly, you can look into gaming ETFs, which can provide broad exposure to gaming. With an ETF, you gain exposure to sports wagering, online gaming, and retail gambling locations. The two funds that focus on the gaming industry are Roundhill Sports Betting and iGaming ETF and VanEck Vectors Gaming ETF. We recommend investing in an ETF if you are betting on the industry’s growth as a whole.