The Single Best Way to Surf the $65 Billion 'Tidal Wave' of Sports Betting

What happens in Vegas stays in Vegas... At least, that used to be the case when it came to the "taboo" hobby of sports betting. That is, until May 2018, when the U.S. Supreme Court declared the Professional and Amateur Sports Protection Act ("PASPA") unconstitutional. The PASPA was the federal law that essentially kept sports […] Not rendering correctly? View this e-mail as a web page [here](. [Empire Financial Daily Weekend] The Single Best Way to Surf the $65 Billion 'Tidal Wave' of Sports Betting By Enrique Abeyta What happens in Vegas stays in Vegas... At least, that used to be the case when it came to the "taboo" hobby of sports betting. That is, until May 2018, when the U.S. Supreme Court declared the Professional and Amateur Sports Protection Act ("PASPA") unconstitutional. The PASPA was the federal law that essentially kept sports betting limited to Nevada for the past 25 years... And in doing so, the Supreme Court left it up to the individual states whether to allow their residents to bet on sports. Since that ruling, sports betting has exploded across the country. Today, 30 states (plus Washington, D.C.) have live, legal sports betting. Two others – Florida and Nebraska – have legalized it but not rolled it out yet. For states in need of extra revenue, sports betting has been a revelation... The American Gaming Association reports... After the first 10 months of 2021, 11 of 25 commercial gaming states that were operational two years ago have already exceeded annual revenue from 2019 and an additional eight markets are outperforming the same period of that year. Six states – Colorado, Iowa, Massachusetts, Michigan, Pennsylvania, and South Dakota – have surpassed previous full-year revenue records. As of the most recent data, which goes through the end of October, Americans have wagered $65 billion on sports, including a record-setting $4.7 billion in October alone. On average, Americans wagered 31% more money in October 2021 than they did in October 2019. Since legalizing sports betting less than four years ago, New Jersey has consistently outpaced Nevada in wagers. Take a look... Today, you can bet on anything from Aussie rules football to table tennis, and everything in between. I'm not joking... Right now, FanDuel has active lines you can bet on for the Professional Darts Corporation ("PDC") World Championship next week... and ping pong matches in Russia's Moscow Liga Pro. That's why the industry is forecast to grow as much as 40% annually over the next decade, and revenues are expected to rise nearly 400% by 2028... --------------------------------------------------------------- Recommended Links: [Change in status for over six million Americans]( Eleven states have added more than $1 billion to their coffers this year. And as of Friday, Maryland got the green light to make as much as an additional $1 billion in annual revenue. While this is great news for Maryland... Americans from every state can take advantage of this situation... and maybe make even more money. [Click here to see how](. --------------------------------------------------------------- [If you knew the future, how much would you invest?]( Investors always want to know – and put their money into – what's coming next. And that's exactly what I want to tell you today. I'm convinced that you'll look back in a few years and say, "Wow... that was so obvious, I wish I'd invested more before the entire world caught on." [Click here for my No. 1 pick](. --------------------------------------------------------------- The 1,000-foot wave has even piqued the interest of Mickey Mouse... Last month, during entertainment behemoth Disney's (DIS) fourth-quarter earnings call, CEO Bob Chapek turned heads when he discussed the opportunity in sports betting. As Forbes reported... The company had a soft year, reporting earnings under Wall Street's expectations. But a bright spot is sports. Streaming service ESPN+ increased subscribers by 66% over the fiscal year, 90% of the most-watched broadcasts on Disney's owned TV networks last year were sports events, and Disney inked a 10-year NFL rights deal that begins in 2023. However, ESPN advertising revenue was flat during the fourth quarter compared with the same time period last year. Chapek said the marriage between ESPN and sports betting could be the ticket to reaching the next generation of customers. As he explained... We're also moving towards a greater presence in online sports betting, and given our reach and scale, we have the potential to partner with third-parties in this space in a very meaningful way. We do believe that sports betting is a very significant opportunity for the company, and it's all driven by the consumer. It's driven by the consumer, particularly the younger consumer that will replenish the sports fans over time and their desire to have gambling as part of their sports experience. On the call, Chapek said he's not concerned about any negative connotations that sports betting could have on Disney's pristine reputation. As he concluded... Gambling does not have the cachet now that it had, say 10 or 20 years ago, and we have some concerns as a company about our ability to get in it without having a brand withdrawal. But I can tell you that given all the research that we've done recently, that that is not the case. It actually strengthens the brand of ESPN when you have a betting component, and it has no impact on the Disney brand. Therefore, to go after that demographic opportunity plus the, of course, not insignificant revenue implications, that is something that we're keenly interested in and are pursuing aggressively. If it wasn't official before, it is now: Legal sports betting is nearing its mainstream tipping point... And now, the multi-billion dollar industry will begin to attract marketers, bookmakers, media companies, and tech entrepreneurs as they try to claim their share of the booming market. There are already several ways to participate in this explosive growth. You can buy a "one click" exchange-traded fund like the Roundhill Sports Betting & iGaming Fund (BETZ), which holds 40 stocks related to sports betting and gambling. You can bet on an individual gaming company, like Penn National Gaming (PENN), which owns a large stake in Barstool Sports... daily fantasy sports company DraftKings (DKNG)... or Flutter (PDYPY), which a majority stake in FanDuel. Or, you could benefit from this massive wave without ever having to bet on a single sportsbook. We've found a company that can do just that... Instead of being the "house," this microcap company focuses on being a supplier of technology to physical casinos looking to build out their own online gaming platforms and sportsbooks. It's a "picks and shovels" play on sports betting. Best of all, the company's growth isn't limited to its number of customers, but rather to the growth of the entire sports-betting industry. In other words, the more money the gaming companies make, the more this tiny company makes. And with a market cap of less than $500 million, the opportunity here is staggering. In fact, I think over the next few years, this company could easily rise 200%, 300%, or even 500%. That's why we just published a brand-new presentation on this incredible opportunity. [You can watch it right here](. Regards, Enrique Abeyta If someone forwarded you this e-mail and you would like to be added to my e-mail list to receive e-mails like this every weekday, simply [sign up here](. © 2021 Empire Financial Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Empire Financial Research, 601 Lexington Ave., 20th Floor, New York, NY 10022 [www.empirefinancialresearch.com.]( You received this e-mail because you are subscribed to Empire Financial Daily. [Unsubscribe from all future e-mails](