{"id":185472,"date":"2021-09-12T05:00:02","date_gmt":"2021-09-12T12:00:02","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=185472"},"modified":"2021-09-12T11:00:39","modified_gmt":"2021-09-12T18:00:39","slug":"sports-betting-stocks-seen-benefiting-from-start-of-nfl-season","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/","title":{"rendered":"NFL Kickoff Significant Spark for Sports Betting Stocks, Says Macquarie"},"content":{"rendered":"

The 2021 NFL season got going Thursday when the Tampa Bay Buccaneers defeated the Dallas Cowboys. But the campaign starts in earnest today, and that could be a boon for sports betting stocks, according to some analysts.<\/p>\n

\"sports
The 2021 NFL season is here. Analysts see it as a catalyst for sports betting stocks. (Image: AP News<\/em>)<\/figcaption><\/figure>\n

Football is the most wagered-on sport in the US, and some gaming equities are already reflecting anticipation of football season. For example, DraftKings (NASDAQ:DKNG) is higher by 19.7 percent over the past month, while Caesars Entertainment<\/a> (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN) are up an average of 12 percent over the same span.<\/p>\n

iGaming names have rallied during the last month, and we expect this to continue as investors become more comfortable with upcoming revenue estimates, given aggressive marketing, superior product, and overall better media\/betting integration,\u201d said Macquarie analysts, led by Chad Beynon, in a recent note to clients.<\/p><\/blockquote>\n

Macquarie has \u201coutperform\u201d ratings on nine sports betting and iGaming-related equities, including Caesars, DraftKings, MGM Resorts International (NYSE:MGM), and Penn National. MGM is half-owner of the surging<\/a> BetMGM enterprise.<\/p>\n

Expect More M&A Among iGaming, Sports Betting Stocks<\/h2>\n

One obvious theme emerging in the online gaming space is consolidation. Just last month, DraftKings announced plans to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity, while Penn said it’s paying $2 billion<\/a> in cash and equity to acquire Score Media and Gaming (NASDAQ:SCR).<\/p>\n

\n

Add to that, Caesars last week finally announced a buyer — 888 Holdings — for William Hill’s international assets, and there’s much more in the way of iGaming and sports wagering mergers and acquisitions chatter. Those rumors involve everything from divestments of specific units<\/a> to outright takeovers.<\/p>\n<\/div>\n

\u201cTribal operators such as Hard Rock Digital could be another consolidating force. Bottom line, we believe consolidation in the industry is not over, a notion that was echoed by MGM CFO Jonathan Halkyard at a dinner we recently hosted,\u201d said Beynon and team.<\/strong><\/p>\n

Indeed, MGM could make the biggest splash in the online gaming industry space. That’s if it opts to make another run at Entain Plc (OTC:GMVHY) and is successful in acquiring its partner on the Bet MGM business. Some traders believe the UK is ripe for consolidation activity, and view Entain as the most likely British company<\/a> to be acquired before the end of this year.<\/p>\n

For Sports Betting Stocks, Football Is Big Deal<\/h2>\n

While most of the universe of sports betting stocks is comprised of newer companies, there’s no refuting that football is the needle mover for the group in the US.<\/p>\n

\u201cWe estimate that football accounts for 35-40 percent of the annual revs, although most of this comes in 4Q (~33 percent of annual revs),\u201d said the Macquarie analysts.<\/p>\n

One point analysts and investors will surely be monitoring when third- and fourth-quarter earnings reports start rolling in is how much betting companies are spending on customer acquisition — a relevant point, because some of the marquee names in the online wagering space aren’t yet profitable.<\/strong><\/p>\n

On that note, NBC Sports recently said<\/a> it’s seeing strong demand from sportsbook advertisers for spots on Sunday Night Football. <\/i>BetMGM, Caesars Entertainment, DraftKings, FanDuel, FOX Bet, PointsBet, and WynnBet are the NFL’s approved sportsbook advertisers this year. Each broadcast can contain a maximum of six sportsbook ads.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 2021 NFL season got going Thursday when the Tampa Bay Buccaneers defeated the Dallas Cowboys. But the campaign starts in earnest today, and that could be a boon for sports betting stocks, according to some analysts. Football is the most wagered-on sport in the US, and some gaming equities are already reflecting anticipation of […]<\/p>\n","protected":false},"author":46,"featured_media":185473,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,16],"tags":[],"acf":[],"yoast_head":"\nSports Betting Stocks Seen Benefiting From Start Of NFL Season<\/title>\n<meta name=\"description\" content=\"Sports betting stocks should get big lifts from arrival of football season, according to analysts.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sports Betting Stocks Seen Benefiting From Start Of NFL Season\" \/>\n<meta property=\"og:description\" content=\"Sports betting stocks should get big lifts from arrival of football season, according to analysts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-12T12:00:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-12T18:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/09\/bucs-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/\",\"url\":\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/\",\"name\":\"Sports Betting Stocks Seen Benefiting From Start Of NFL Season\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/09\/bucs-scaled.jpeg\",\"datePublished\":\"2021-09-12T12:00:02+00:00\",\"dateModified\":\"2021-09-12T18:00:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Sports betting stocks should get big lifts from arrival of football season, according to analysts.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sports-betting-stocks-seen-benefiting-from-start-of-nfl-season\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/09\/bucs-scaled.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/09\/bucs-scaled.jpeg\",\"width\":2560,\"height\":1707,\"caption\":\"The 2021 NFL season is here. 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