Nov 4, 2020 08:55 PM
https://www.sportico.com/business/sports...234616057/
INTRO: Penn National Gaming stock gained as much as 9% this morning. DraftKings shares were up as much as 8.5%, while MGM Resorts rose nearly 3%, part of a wider boost for sports gambling stocks after voters in a handful of states chose overwhelmingly to expand their legal betting options. While much of the election results remain too close to call, at least one thing appears clear—Americans are looking for more sports gambling. Betting amendments and ballot initiatives in a handful of states were successful Tuesday, including ones that could bring legal sports gambling to Louisiana, Maryland, Nebraska and South Dakota in the coming year. The results are good for “the industry as a whole in signifying the public’s large appetite for legalized sports betting,” Oppenheimer analyst Jed Kelly said in a note... (MORE)
INTRO: Penn National Gaming stock gained as much as 9% this morning. DraftKings shares were up as much as 8.5%, while MGM Resorts rose nearly 3%, part of a wider boost for sports gambling stocks after voters in a handful of states chose overwhelmingly to expand their legal betting options. While much of the election results remain too close to call, at least one thing appears clear—Americans are looking for more sports gambling. Betting amendments and ballot initiatives in a handful of states were successful Tuesday, including ones that could bring legal sports gambling to Louisiana, Maryland, Nebraska and South Dakota in the coming year. The results are good for “the industry as a whole in signifying the public’s large appetite for legalized sports betting,” Oppenheimer analyst Jed Kelly said in a note... (MORE)