Online Gambling Is Here To Stay: Flutter, DraftKings Dominate The Market

In my September 2022 column, I noted that single-game sports betting had been legalized in most Canadian provinces and advised that instead of wagering, patient investors would be better off buying the shares of the sportsbooks’ parent companies. After all, the house always wins in the long run.  Of the companies mentioned then, shares of DraftKings Inc. had climbed by 183% as of February 8, MGM Resorts was up by 56%, Caesars Entertainment was 37% ahead and Rush Street...