2 Betting Stocks Soccer's Big Event. Hint: Not the Ones You're Thinking Of.
The biggest soccer tournament is just days away and potential winners among betting stocks may surprise some investors.
2 Betting Stocks Soccer's Big Event. Hint: Not the Ones You're Thinking Of.
Overview
Football's (not the American variety) biggest tournament, starts on June 11. Combine the magnitude of the event with the expanded field of 48 teams and North America being the host, and it's reasonable that some investors are scoping out sports betting stocks.
Predictably, that search will lead many market participants to DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT), the owner of FanDuel, but caution is warranted here. Some experts estimate the U.S. betting handle, which is the total amount wagered on an event in dollar terms, on the soccer competition will be $3.1 billion. The number could rise depending on the U.S. team's success.
These two betting stocks could be World Cup winners. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
