Currently, 25 states allow casino gambling, while 21 states and Washington, D.C., allow sports betting. Gambling Stocks Bet On Maryland Measure Maryland voters approved a measure to legalize sports. In this guide, we’ll take you through some gambling stocks that you should plan to invest in next year. Penn National Gaming. You might have heard of Penn National Gaming recently and that’s because they recently acquired a 36% stake in Barstool Sports and entered into a partnership with the digital media company in a very savvy move.

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© Provided by 24/7 Wall St. With the election results still being counted, one thing is for sure. Anything that can generate tax revenue without being an onerous strain on citizens is getting a good bit of attention after the election, and with good reasons. The Supreme Court ruling in 2018 that struck down a 1992 federal law that effectively banned commercial sports betting in most states has been opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year.

Gambling is defined as staking something on a contingency. However, when trading is considered, gambling takes on a much more complex dynamic than the definition presents. Many traders are gambling.
Given the rapid growth of the online gambling industry in the U.S. And the continued uncertainty of when and how traditional gambling venues will return, gaming stocks have garnered increased.
And with the market rallying again, the best sports gambling stocks are due to surge even higher. Voters approved sports gambling by a wide margin in Louisiana, Maryland, and South Dakota.

Since then, more and more states are allowing casinos to open sports books and also legalizing fantasy and e-game betting. Many states, such as Louisiana, Nebraska and Maryland, have gambling initiatives on the ballot. It appears that they passed in those three states.

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Penn National Gaming

This is an analysts' favorite for online gaming and shares have backed up nicely after a massive run earlier this year. Penn National Gaming Inc. (NASDAQ: PENN) owns and manages gaming and racing properties, and it operates video gaming terminals with a focus on slot machine entertainment. It also offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania and West Virginia, and it operates an online casino under the name of iCasino in Pennsylvania.

Earlier this year, Penn National bought a 36% stake in Barstool Sports valued at $450 million, along with options to increase its stake to 50% in the future. Barstool is a sports media empire that claims 66 million monthly active users, roughly 100 million social media followers and two of the top 30 podcasts in the country.

Last month, Penn and Barstool jointly debuted Barstool Sportsbook, a digital sports betting app now available in Pennsylvania. The early success has been astounding. In its opening weekend, Barstool Sports Book surpassed the DraftKings and FanDuel preliminary download records. Penn's and Barstool's platform now boasts 48,000 Pennsylvanian users as of Penn's most recent update.

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With a huge growth potential, and a big drop in the share price, this is an incredible play for aggressive growth investors.

The Barclays Overweight rating comes with an $85 price target. The consensus target is $74.64, and Penn National Gaming stock was last seen trading at $63.85.

Brunch casino cosmopol stockholm sweden. Scientific Games

This is a play on the technology side of the sports betting potential. Scientific Games Inc. (NASDAQ: SGMS) develops technology-based products and services and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally.

Its Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits and spare parts; slot, casino and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games. It also leases gaming machines; provides gaming operations and licensing arrangements; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems.

Scientific Games digital segment provides digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services; software design, development, licensing, maintenance and support services; Open Platform Systems; and content aggregation platforms.

Back in September, institutional investors, including highly credentialed gaming industry investor Caledonia, bought a 34.9% stake in Scientific Games. The company expects capital expenditures in the range of $210 million to $240 million and positive free cash flow for fiscal 2020.

Poker tournaments near me today. A $50 price target accompanies the Jefferies Buy rating. The consensus target is much lower at $29.11. The last trade posted on Wednesday came in at $35.26, after a more than 3% pullback following third-quarter results that disappointed some. Scientific Games stock traded at $36.15 Thursday morning.

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