5 Sports Betting Stocks May Pay Off Big
May 29, 2018 / Matthew Johnston
Betting on one’s favorite sports team just got a whole lot easier with the Supreme Court’s ruling against federal prohibitions on states that allow gambling on sporting events. While good news for wagering types, that decision will help lift the stocks of several gambling companies, especially established U.K.-based firms with considerable U.S. operations, like William Hill (WMH.UK), GVC Holdings (GVC.UK) and 888 Holdings (888.UK). But U.S. firms Boyd Gaming Corp. and Penn National Gaming Inc. will also be big beneficiaries “given their smaller market caps and exposure to numerous states,” according to Morgan Stanley equity analyst Thomas Allen, as reported by Barron’s.