As more and more States legalize online gambling, we believe this will grow the gambling market as well as the share of online gambling in this growth industry.Īs you can guess there are a lot of investment opportunities in gambling stocks and we follow hedge funds to identify the most promising stocks. The American Gaming Association is more bullish, estimating that around $150 billion is wagered in amateur and professional sports every year in the United States. Although it was mostly a black market, sports betting is huge, with the research company Eilers & Krejcik Gaming estimating that the sum wagered in sports betting is around $50-$60 billion annually when excluding bets between friends. Before the ruling, bettors in most states were forced to resort to the black market to place sports bets. Supreme Court made a landmark ruling, allowing all states to decide whether they wanted to approve sports gambling.
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