On Monday, the Supreme Court overturned a 1992 federal law that essentially banned sports betting in most states. With roughly $150 billion in illegal wagers now being freed up in the market, gaming stocks could see huge returns and put up impressive numbers for investors. Here is everything you need to know to get ahead of this trend.
Investors seeking to capitalize the upcoming boom in sports betting could make a play on any of the following stocks.
The new Supreme Court ruling will allow a new line of business for casinos and betting technology providers.
Century Casinos (CNTY) reports lower-than-expected first-quarter earnings, whereas Pinnacle Entertainment (PNK) surpasses earnings estimates.
SodaStream's (SODA) Q1 results are likely to benefit from growing demand for its sparkling water and efficient cost-effective strategies.
While HLT & STAY in the hotel space are poised for growth, MAT is likely to contradict the consumer discretionary sector's positive trend.