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These companies are capitalizing on rising interest in online gambling.
Fool.com contributor Parkev Tatevosian compares DraftKings (DKNG 4.96%) and Penn Entertainment (PENN -1.92%) to determine which stock is better for long-term investors.
*Stock prices used were the afternoon prices of Sept. 16, 2023. The video was published on Sept. 18, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends the following options: long January 2025 $25 calls on Penn Entertainment and short January 2025 $30 calls on Penn Entertainment. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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