We are leaders in non-traditional investing, training and education. You may be familiar with traditional investment vehicles like stocks and mutual funds. Expand your mind and portfolio with non-traditional investments. Betting Kings is. Revolutionizing the way you invest. We help members build a diversified investment portfolio in alternative assets — including investing in fractional investments Think — music rights, farmland, professional athlete contracts , tokenized investments, sports games and investable collectibles Think — trading cards, classic cars, elite cars, whiskey, wine, art, watches, shoes, and sports memorabilia.
Delete your emotional bias. WHY BK. Your Potential. Our Passion. BK exclusive community is comprised of intelligent, disciplined, responsible investors. Test your sports investing knowledge! Download the app and take a practice quiz! The Impact of AI. Download Today. Even if only a fraction of them are interested in betting on sports, that's still a lot of growth potential.
For perspective, DraftKings says the number of unique monthly bettors it serves is just now topping one million. It also operates a handful of horse racing tracks and is even the name behind a couple of betting apps. Shutdowns stemming from the coronavirus contagion took a toll on its business, to be sure. But analysts are expecting a quick recovery. It's seemingly just another sports commentary site but a big one. Barstool Sports reportedly draws a crowd in excess of 65 million unique visitors every month, and perhaps more importantly, it's a potential stepping-off point for sports wagering.
Ergo, Penn helped Barstool establish an online sportsbook in September of last year. While it's only accessible in Pennsylvania right now, Penn is clearly looking to leverage the brand name going forward. Michigan is already lined up as a market for the Barstool Sports betting app, and Indiana and Illinois are on the radar as well.
In the meantime, Penn plans to build Barstool-branded areas within its casinos, widening its prospective reach. You read that right. While fuboTV is a streaming cable media play, it's a sports-minded one. The company describes itself as "the world's only sports-focused live TV streaming service with top leagues and teams" and bolsters its sports content selection with league-specific offerings.
The model is working too. FuboTV picked up nearly , paying customers during the quarter ended in December, despite the nationwide cord-cutting movement. So what's that got to do with sports betting? It's another story being buried by more riveting headlines, but fuboTV is also wading into sports wagering. In December, it announced the acquisition of Balto Sports, which offers fantasy sports platform tech solutions.
Then, earlier this month, the company announced its intent to purchase interactive gaming company Vigtory. With Vigtory's tech in-house, fuboTV now expects to launch a sports betting book by the end of It's not clear exactly how fuboTV will be able to differentiate itself, but presumably, the company will leverage the fact that it's a cable television platform. It matters simply because cable broadcasts are still how most consumers get their sports fix.
In the typical year, more than 80 of the most-watched broadcasts are sporting events, and sports programming is often cited as one of the key reasons people don't cut the cord. FuboTV is starting its betting journey on a firm footing. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement.
We offer sports investment advice that you cannot get anywhere else. We focus on the highest quality investments each day across all sports to grow your investment account. We also provide you with a money management system to guide you with how much of your investment account to invest in each play. We advise you with the amount to risk on each investment.
The percentage next to each investment play is the percentage of your sports investment account to risk on that investment play. How do I access Betting Kings investment advice? Betting Kings makes it easy and convenient to access our investment advice. All of our investment plays are posted in the Kings Club. When an investment play is posted, you will receive a notification on the Betting Kings App.
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Betting Kings launched the Betting Kings App to make it even easier for you to access our investment advice and complete sports investment training. The App is free to download. So what's that got to do with sports betting?
It's another story being buried by more riveting headlines, but fuboTV is also wading into sports wagering. In December, it announced the acquisition of Balto Sports, which offers fantasy sports platform tech solutions. Then, earlier this month, the company announced its intent to purchase interactive gaming company Vigtory. With Vigtory's tech in-house, fuboTV now expects to launch a sports betting book by the end of It's not clear exactly how fuboTV will be able to differentiate itself, but presumably, the company will leverage the fact that it's a cable television platform.
It matters simply because cable broadcasts are still how most consumers get their sports fix. In the typical year, more than 80 of the most-watched broadcasts are sporting events, and sports programming is often cited as one of the key reasons people don't cut the cord. FuboTV is starting its betting journey on a firm footing. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now? Personal Finance. Credit Cards.
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Fox CEO Lachlan Murdoch said in a news release that the company, which owns part of Flutter, will participate in the capital raising. Flutter owns Fox Bet, an online sports-betting app that partners with Fox Sports and was originally owned by the Stars Group, which merged with Flutter earlier this year. As part of the new deal, that economic interest is terminated.
Investors seemed to cheer on the deal. Write to Connor Smith at connor. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www.
We've detected you are on Internet Explorer. For the best Barrons. Sign In. Text size. There are some nuances that may have driven the valuation lower, the analysts noted. What really got people talking, though, was the fact that DraftKings surpassed the 1 million mark in monthly unique users.
DraftKings is a growing business, with part of its growth reliant on how state governments handle sports wagering. A federal law in banned sports betting across the U. But in , the Supreme Court agreed to allow states to create their own laws on sports wagering.
That opened the floodgates for companies such as DraftKings. States eager to find new revenue streams quickly took up their own gambling laws. At last count, there are 21 states that allow sports betting, while 14 states have legalized mobile sports betting.
As other states open up to mobile sports betting and DraftKings expands its reach, DKNG stock will have a huge opportunity. Just recently, Maryland, South Dakota and much of Louisiana passed laws to make sports betting legal. DraftKings is also working with Tennessee, Virginia and Michigan to launch products there.
Wagering on who will win a football game, or how many touchdowns Baltimore Ravens quarterback Lamar Jackson scores, is a gamble. And happily for DKNG investors, people are going to wager a lot of money on those kind of questions. What you do know is that people are definitely going to bet, and win or lose, DraftKings stock is going to get its cut of those profits. Log in. Log out.
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