Now is the Time to Invest in Sports Betting Stocks
Throughout history, Sports Betting has been around since the existence of sports and today things remain the same. At the moment, the most popular conversation topic in the gambling industry Murphy vs. NCAA Supreme Court case. The outcome of this case will determine whether betting on sports outside of Nevada will become legal. Sports betting software companies are taking note and this is the time to Invest in Sports Betting Stocks.
At the moment, Sports Betting Software companies are a hot commodity to buy. This is because if Sports Betting becomes legal in the U.S., these stocks will shoot thru the roof. Several of the top sports betting software companies feel confident that the verdict will go in their favor.
In fact, several of these companies have already begun making backroom deals to be the first one thru the door. In addition, some companies have been preparing are already adding product enhancements that target the U.S. clients.
The Best Sports Betting Stocks to Buy
To Invest in Sports Betting Stocks, is fairly easy if you know which gambling stock to purchase. To help you out, here is our list of companies that will be involved in the U.S. Sports betting market.
Scientific Games (NASDAQ: SGMS)
Scientific Games has also jumped on the bandwagon according to a statement that was released on Monday. The press released said that it “has commenced sportsbook product review session” with the New Jersey Division of Gaming Enforcement.
In addition, they acquired NYX Gaming which many consider a move to get into the U.S. Sports wagering market. They also mentioned that SG “is fully prepared to ensure its ambitious partners are ready to launch their sportsbook offering.”
International Game Technology PLC (NYSE: IGT)
International Game Technology is arguably the uncontested king of the Gambling world. They were formerly known as Gtech S.p.A. and Lottomatica S.p.A.m and are based out of London. This multinational gaming company produces slot machines and other gaming technology.
IGT has operations in over 100 countries and is used to dealing with various nations with different levels employment laws. In addition, they recently took a hit on their prices meaning now is the time to buy their stocks.
They are more gambling stocks that are available but felt that these two stocks are the cream of the crop. In addition, some sportsbook pay per head companies are also available for investment opportunities. This is because becoming an Online Bookie is easier with PPH Services their U.S. market expansion is imminent.