Are you interested in owning the next big thing? Then you may want to consider the online betting market. And for those wanting a piece of the action, there are a number of stocks in the market ready to trade.
After all, with sports betting only legalized in the U.S. in 2018 and still underexploited at the state level, there’s a huge market for online gambling companies to see massive scaling. Publicly-listed online gambling companies have only recently begun gaining traction on Wall Street, so there’s plenty of opportunity here.
Right now online gambling companies positioned for the legalization of sports betting and other sinful wagers on U.S. soil, offer the potential for massive returns for their shareholders over time.
Of course, ‘potential’ is just that. The 1000x growth of a stock like next Netflix (NASDAQ:NFLX) or Amazon (NASDAQ:AMZN) from initial public offering to worldwide titan is never so simple as being “first.” And, as early shareholders in either company can tell you, there were serious declines and setbacks from IPO to current valuations.
Investors looking for the next big thematic trade also need to realize there are no guarantees, just early leaders and tantalizing growth narratives of exciting new markets.
With those serious caveats noted, there’s still plenty of reason to be optimistic about these the online gambling stocks covered by InvestorPlace Contributor Chris Tyler in his article titled, “3 Online Gambling Stocks You Shouldn’t Bet Against.”