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:
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1. Flutter Entertainment
NYSE: FLUT
Flutter Entertainment Plc
Today's Change
(0.70%) $1.62
Current Price
$232.50
Key Data Points
Market Cap
$41B
Day's Range
$228.23 - $232.55
52wk Range
$196.88 - $313.69
Volume
156K
Avg Vol
2.2M
Gross Margin
46.94%
Dividend Yield
N/A
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3. MGM Resorts
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4. Caesars Entertainment
NASDAQ: CZR
Caesars Entertainment
Today's Change
(7.38%) $1.38
Current Price
$20.02
Key Data Points
Market Cap
$4B
Day's Range
$18.50 - $20.20
52wk Range
$18.25 - $41.76
Volume
701K
Avg Vol
8.1M
Gross Margin
37.78%
Dividend Yield
N/A
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6. Roundhill Sports Betting & iGaming ETF
NYSEMKT: BETZ
Listed Funds Trust - Roundhill Sports Betting & iGaming ETF
Today's Change
(-0.01%) $-0.00
Current Price
$21.30
Key Data Points
Market Cap
$0B
Day's Range
$21.15 - $21.40
52wk Range
$16.73 - $25.48
Volume
21K
Avg Vol
0
Gross Margin
0.00%
Dividend Yield
N/A
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Pros and cons of investing in sports betting stocks
As with any industry, there are pluses and minuses to investing in sports betting stocks.
Pros:
- The U.S. is still in its early days of legalized sports betting, and many states have yet to fully legalize it. That provides significant growth opportunities.
- Technological advances and data collection provide additional growth opportunities to expand the market with more betting products and broader event coverage.
Cons:
- Federal law and regulations could curb U.S. sports betting, such as the new limit on gambling loss deductions in the latest tax legislation.
- Prediction markets present a new competitive threat to dedicated sports betting companies.
How to invest in sports betting stocks
- Open your brokerage app: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
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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.
