The following guide covers the Best Sports Betting Stocks in 2021.

The best sports betting stocks are PENN, DKNG, FUBO, MGM, CZR, and many others found in this list.

Some of these options can be considered very Undervalued Stocks that could provide major returns long-term!

While Robinhood is the most used brokerage for trading sports betting stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others.

Prior to diving into the best sports betting stocks on Robinhood, it’s important to understand what a sports betting stock is and the risks associated with investing in them.

What is a Sports Betting Stock?

A sports betting stock refers to the stock of a company that is involved in the business of sports gambling.

Sports gambling has become increasingly popular as more states begin to loosen regulations on this activity.

According to Statista, the global sports betting industry reached a market size of $203 billion U.S. dollars in 2020.

Morgan Stanley estimates this industry could be worth a total of $12B by 2025.

The sports gambling industry does not appear to be slowing down in the future.

Important: Before investing in sports betting stocks on Robinhood, it’s important to understand the risks and commonalities of sports betting stocks.

Investing in sports betting stocks is not a common trend among the world’s best investors. The greatest investors are known to hold broad market Index Funds for decades.

In fact, the best investors are actually dead:

Best Investors are Dead – Fidelity Study

Some of the main risks with investing in sports betting stocks include the following:

  • High volatility
  • Government regulations
  • Targets for “pump and dumps”
  • Chance of fraud

While there are several risks, it is still very possible for investors to make money from sports betting stocks through share appreciation.

The same can also be said for 5G Penny Stocks, EV Penny Stocks, and other promising companies who file for Initial Public Offerings (IPOs).

Best Upcoming IPOs to Buy in 2021

Some of the companies on this list that have exceeded returns over 100% within the past year include Penn National Gaming, Caesars Entertainment, MGM, Fubo TV, and more.

Below you will find a complete list of the 10 best sports betting stocks on Robinhood.

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I recommend bookmarking this page to keep you up to date on the Best Sports Betting Stocks on Robinhood. This page is updated Weekly for your reference.

The following list was last updated on Wed, Sep, 01, 2021

As of this writing, all sports gambling stocks listed below are currently available for trading on Robinhood and other brokerages.

This is similar to our list of Best Penny Stocks on Robinhood.

The sports gambling stocks below are ranked based on the following criteria:

  • Historical performance
  • Market Cap
  • Average Volume
  • Company outlook

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1. Penn National Gaming (PENN)

Penn National Gaming (PENN) tops our list of best sports betting stocks for several reasons. This company gained popularity when they acquired Barstool Sports among other casinos in the US.

This company has a market cap above $13 billion and ever since March 2020, PENN has exceeded a return of over 700 percent!

penn

Market Cap: $13.12B

Average Volume: 3.97M

best

2. DraftKings (DKNG)

DraftKings (DKNG) is one of the most popular platforms available for mobile sports gambling. They are headquartered in Boston.

This company has an impressive market cap towering over $44 billion and has traded between $30-60 per share over the past year.

draftkings

Market Cap: $44.70B

Average Volume: 21.62M

best

3. fuboTV (FUBO)

Best known for their live TV service, Fubo TV is also now involved in sports gambling after launching their own platform in Q4 of 2020.

This company has a market cap of over $4 billion and trades between $20-40 per share throughout the past year.

fubotv

Market Cap: $4.54B

Average Volume: 12.35M

best

4. MGM Resorts (MGM)

MGM Resorts (MGM) has been a staple in the gambling industry for years, making it a must-have on this list of best stocks.

This massive company holds a market cap of over $22 billion and ever since January 2021, MGM has yielded a return of over 140 percent!

mgm

Market Cap: $22.56B

Average Volume: 5.21M

best

5. Caesars Entertainment (CZR)

Similar to MGM, Caesars Entertainment is another iconic sports gambling company best known for its presence in Las Vegas.

This business touts a market cap of over $23 billion and over the past year, CZR has exceeded a return of over 700 percent!

caesars

Market Cap: $23.41B

Average Volume: 3.11M

Churchill

6. Churchill Downs (CHDN)

Churchill Downs (CHDN) is best known for its services in gambling on horseracing and casino gaming. They are based in Louisville and own the Churchill Downs racetrack.

CHDN has a market cap of over $7 billion and has traded between $150-240 per share over the past year.

churchill

Market Cap: $7.79B

Average Volume: 266.88K

wynn

7. Wynn Resorts (WYNN)

Wynn Resorts (WYNN) is a popular holding company focusing on destination casino resorts. They are based in Las Vegas.

Their market cap stands tall over $14 billion and they have yielded a nice return for investors of over 50 percent YTD.

wynn

Market Cap: $14.51B

Average Volume: 2.15M

roundhill

8. Roundhill Sports Betting & iGaming ETF (BETZ)

The Roundhill Sports Betting & iGaming ETF (BETZ) is unlike the other stocks on this list. This exchange-traded fund (ETF) has its top holdings in Entain, Scientific Games, and other gambling companies.

So far in 2021, this sports betting ETF has exceeded a return for investors of over 95 percent!

roundhill

Market Cap: $441.09M

Average Volume: 144.65K

scientific

9. Scientific Games (SGMS)

Scientific Games (SGMS) is a versatile gambling company involved in various segments such as Gaming, Lottery, SciPlay, and Digital.

This growing company touts a market cap of over $7 billion and doesn’t seem to be slowing down in the future!

scientific

Market Cap: $7.50B

Average Volume: 967.11K

sports

10. Boyd Gaming (BYD)

Boyd Gaming (BYD) finishes our list of best sports betting stocks as a company that is heavily involved in the Las Vegas gambling scene.

They have a market cap surpassing $7 billion and have returned over 160 percent in share appreciation over the past year for investors!

boyd

Market Cap: $7.24B

Average Volume: 1.10M

How to Find Stocks on Robinhood

Finding the best sports gambling stocks on Robinhood is a simple process we outline below. Follow these quick steps.

1. Sign up for a free Robinhood account – Click Here to Sign Up With Free Stock

2. Click the search bar on top and enter “sports betting” and wait a few seconds.

how

3. You will notice the various sports betting companies that appear in the dropdown menu. Click whichever company you prefer.

That’s it! You can now find the most popular sports betting stocks on Robinhood.

Overall, these are the best sports betting stocks on Robinhood currently available. Always be sure to invest responsibly!

Refer to the video below for even more sports betting stock ideas!

Check out our most popular articles that have been read by thousands of unique visitors.

Most Popular Articles – Wealthy Diligence

Frequently Asked Questions

What are the best sports betting stocks on Robinhood?

The best sports betting stocks on Robinhood are PENN, DKNG, FUBO, MGM, CZR, and many others found in this list.

What is a sports betting stock?

A sports betting stock refers to the stock of a company that is involved in the business of sports gambling.

Is investing in sports betting stocks legal?

Yes investing in sports betting stocks is 100% legal in the United States.

Are sports betting stocks a good investment?

Many sports betting stocks have yielded huge returns over the past year such as PENN, MGM, CZR, and others on this list. However, always be cautious of any single stock and be sure to invest responsibly.

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