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Sports betting has consistently survived the rigors of time and thrived in every era. The practice has existed for as long as sports have excited people enough to financially profit from their hobbies. According to recent reports, some events have experienced colossal growth rates of up to 206%, while the sports betting market is estimated to be growing by $219 billion per annum.
With the explosive growth of sports betting and gambling platforms, even online gamblers in the Gulf countries have become interested in sports betting stocks. Let’s learn more about them and potential investments in bookmakers on the stock market!
What Are Stocks?
First, we need to draw a distinction between the two terms. The terms “stocks” and “shares” are often used interchangeably, although they have specific differences. Shares refer to individual units of ownership, while stocks are a broader term to convey ownership. The latter is typically used to describe shares in more than one company.
Shares usually refer to individual units of ownership of a company’s stocks, whether the organization follows a collective or individual ownership pattern. Therefore, each share constitutes a percentage of the company’s capital.
Stocks can be considered securities of equal proportions used in trading operations on the stock market.
Online Gamblers in the Gulf Countries
Sports betting is prevalent in the Gulf countries, although it is banned in most. Players still manage to access these betting operators for their gambling desires, and the websites even support the Arabic language.
Consequently, sports betting stocks have become a popular investment choice in the Middle East. These stocks provide the investor with high levels of privacy and security. 888 Holdings PLC is arguably the most prominent company that bought other bookmakers onto the market.
888 Holdings PLC has dominated the online sports betting market in the Middle East for the past five years, paving the way for many international operators to expand their operations to the Arabic market.
Best Bookmakers on the Stock Market
Like 888 Holding PLC, there are several excellent sports betting stocks on the market for both new and experienced investors to expand their portfolios.
Churchill Downs
Churchill Downs has been a mainstay in the gambling market since it was first established in 1875. The company runs the famous horse track of the same name and also hosts the Kentucky Derby – one of the highest-grossing global sporting events. The event was viewed by an average of 16 million people on the NBC network in America, excluding other channels and the event attendees.
In addition to owning racing properties, Churchill Downs also runs several casinos and sportsbooks, making it an excellent investment choice to make lucrative profits. The company’s net worth as of June 2022 has reached $6.85 and continues to climb.
Caesars Entertainment
Caesars needs no introduction. The gambling giant has an extensive list of offerings for people from all walks of life, allowing them to participate in all forms of sports betting. As a result, Caesars Entertainment rakes in massive profits every year.
Online gamblers in the Gulf countries will be happy to know it closed the 2021 fiscal year with approximately $9.5 billion in revenue, a significant increase compared to the previous year. Consequently, it has become one of the best bookmakers on the stock market and is an attractive investment choice.
Scientific Games Corporation
Scientific Games Corporation offers some of the best sports betting stocks on the market. The gambling company has more than 20 subsidiaries and runs operations for several sports, including high-grossing events.
Moreover, it offers numerous services, such as interactive mathematics and lottery bets. Scientific Games Corp. returned a net profit of $371 million during the last financial year and experienced revenue growth of 26.7%. As its stock prices are expected to grow in the future, the company is considered one of the best bookmakers on the stock market and is an excellent investment option for online gamblers in the Gulf countries.
Conclusion
To conclude, investing in sports betting stocks presents an excellent opportunity for people in the Middle East to make good profits. If you’re interested in long-term investing solutions, we suggest reading up on Commodity Trading Advisors or CTA assets, who can manage your stocks.
If you’re interested in day trading and short-term trading, consider learning more about CFDs or contracts for differences. When you’ve learned how to work with different investment strategies, consider purchasing stocks from the companies we’ve listed for massive profits!
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