The U.S. Supreme Court struck down the federal ban on sports betting in a 2018 decision, opening the doors for states to legalize it if they wish. Since then, 38 states and the District of Columbia have legalized sports betting in some form, many allowing online bets. Missouri is set to become the 39th state in December.
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Six top sports betting stocks in 2025
As more states legalize sports betting, the market is growing quickly. Not only are new states easing restrictions, but betting is also growing more popular each year in states that have already legalized it. If you want to invest in this rapidly growing industry, here are six options to consider:
1. Flutter Entertainment
NYSE: FLUT
Flutter Entertainment Plc
Today's Change
(0.25%) $0.62
Current Price
$244.54
Key Data Points
Market Cap
$43B
Day's Range
$242.50 - $245.71
52wk Range
$196.88 - $313.69
Volume
1.7M
Avg Vol
2.2M
Gross Margin
46.94%
Dividend Yield
N/A
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NASDAQ: DKNG
DraftKings
Today's Change
(-0.18%) $-0.06
Current Price
$32.94
Key Data Points
Market Cap
$16B
Day's Range
$32.03 - $33.38
52wk Range
$29.64 - $53.61
Volume
689K
Avg Vol
13M
Gross Margin
39.45%
Dividend Yield
N/A
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3. MGM Resorts
NYSE: MGM
MGM Resorts International
Today's Change
(0.30%) $0.10
Current Price
$32.91
Key Data Points
Market Cap
$9B
Day's Range
$32.68 - $33.35
52wk Range
$25.30 - $42.53
Volume
4.6M
Avg Vol
4.6M
Gross Margin
39.60%
Dividend Yield
N/A
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4. Caesars Entertainment
NASDAQ: CZR
Caesars Entertainment
Today's Change
(1.46%) $0.33
Current Price
$22.55
Key Data Points
Market Cap
$5B
Day's Range
$21.82 - $22.57
52wk Range
$21.40 - $45.65
Volume
6M
Avg Vol
7.7M
Gross Margin
38.92%
Dividend Yield
N/A
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NASDAQ: PENN
Penn Entertainment
Today's Change
(1.81%) $0.32
Current Price
$18.04
Key Data Points
Market Cap
$3B
Day's Range
$17.53 - $18.17
52wk Range
$13.25 - $23.08
Volume
2.5M
Avg Vol
3.5M
Gross Margin
27.39%
Dividend Yield
N/A
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6. Roundhill Sports Betting & iGaming ETF
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FAQ
About the Author
Adam Levy is a contributing Motley Fool stock market analyst covering technology, consumer, and financial stocks and how policy, economic, and consumer trends shape personal finance, Social Security and retirement savings. Before The Motley Fool, Adam was a financial advisor at Edward Jones. He studied finance and electrical engineering at Carnegie Mellon University.
Adam Levy has no position in any of the stocks mentioned. The Motley Fool recommends Flutter Entertainment Plc. The Motley Fool has a disclosure policy.