This site was created specifically for people from Canada, for quick acquaintance with the gambling industry online. In today's article, you can know all about Top 10 Gaming and Sports Wagering Stocks on the Rise in Canada. Our Canadian visitors have asked us so many times to write the review of "2 Gaming Stocks That Can Crush the Market In 2020, Top 10 Gaming and Sports Wagering Stocks on the Rise in Canada" because of high interest in this topic. Well, the thorough investigation by our gambling expert had been already finished and we have collected here all useful information about Top 10 Gaming and Sports Wagering Stocks on the Rise in Canada in one review. You may read it now!

Top casino offers tonight

2 Gaming Stocks That Can Crush the Market In 2020, Top 10 Gaming and Sports Wagering Stocks on the Rise in Canada

Top 10 Gaming and Sports Wagering Stocks on the Rise in Canada

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content. The stock lost significant value as global sports leagues were put on hold. Shares fell from With malls and restaurants closed, entertainment options are few and far between. This has led to an increase in the consumption of gaming content. As Fool contributor Victoria Hetherington states, the gaming industry is an ideal industry for a quarantined populace..87 in January 2020 to a low of In the fiscal second quarter of 2020 (ended in February), SCR achieved record engagement on the Sports app. Average monthly sessions touched 453 million in Q2, a year-over-year growth of 15%. The average monthly users also rose to 4.1 million..28 in March. It’s currently trading at Company CEO and Founder John Levy stated, “On theScore Bet both handle and gross gaming revenue continued to grow off the back of continued enhancements to our user experience, including support for more sports, even more betting options, and deeper integrations between our media and gaming platforms, setting us up perfectly as we continue to expand into states beyond New Jersey.”.59, indicating a market cap of $212.5 million. There is speculation that sports leagues will restart in front of empty stadiums. However, this will garner significant attention as people are starved of entertainment in the last two months.

2 Gaming Stocks That Can Crush the Market In 2020

Aditya Raghunath | May 30, 2020 | More on: SCR

The COVID-19 pandemic has negatively impacted several industries. As businesses are shut and lockdowns implemented worldwide, companies in the retail, travel, and hospitality sectors have been hit hard. Alternatively, as people are largely staying at home, gaming companies are experiencing a strong uptick in demand.

With malls and restaurants closed, entertainment options are few and far between. This has led to an increase in the consumption of gaming content. As Fool contributor Victoria Hetherington states, the gaming industry is an ideal industry for a quarantined populace.

So, is it time to load up on stocks that are part of this growing market?

Score Media and Gaming is a Canada-based company

Score Media and Gaming (TSXV:SCR) creates digital products for sports fans. Its mobile application provides sports news and is also a data platform. This application provides extensive coverage of every major league, team, and player in the United States. Further, it offers real-time alerts for scores, news, and fantasy stats. SCR is also the first sports media company in North America to launch a mobile sportsbook called theScore Bet.

The stock lost significant value as global sports leagues were put on hold. Shares fell from $0.87 in January 2020 to a low of $0.28 in March. It’s currently trading at $0.59, indicating a market cap of $212.5 million. There is speculation that sports leagues will restart in front of empty stadiums. However, this will garner significant attention as people are starved of entertainment in the last two months.

In the fiscal second quarter of 2020 (ended in February), SCR achieved record engagement on the Sports app. Average monthly sessions touched 453 million in Q2, a year-over-year growth of 15%. The average monthly users also rose to 4.1 million.

Score Media and Gaming continued to execute on product development to support the roll-out of theScore Bet that launched in New Jersey last September. TheScore Bet also secured access to offer mobile sports betting in Colorado.

Company CEO and Founder John Levy stated, “On theScore Bet both handle and gross gaming revenue continued to grow off the back of continued enhancements to our user experience, including support for more sports, even more betting options, and deeper integrations between our media and gaming platforms, setting us up perfectly as we continue to expand into states beyond New Jersey.”

A U.S.-based gaming stalwart

Zynga is a U.S.-based video game developer. It targets the audience in the smartphone and tablet segments. Zynga stock is up over 30% in 2020, compared to the S&P 500 decline of 7%.

Zynga’s sales in the first quarter rose 52% to US$403.77 million, up from US$265.4 million in the prior-year period. This growth was primarily driven by strong performance in the online gaming segment, which grew 72% to US$344.36 million.

Its solid growth was attributed to games such as Merge Dragons! and Empires & Puzzles. In the United States, revenue growth stood at 41% while international sales were up 72% year-over-year in Q1.

The company, valued at US$7.7 billion, ended Q1 with US$1.43 billion. This gives it enough room to grow via acquisitions as well. It reported operating cash flow of US$35 million. Zynga is valued at 4 times forward sales and its forward price to 2021 earnings multiple stands at 25, which is very reasonable for a company growing sales at a rapid pace. There is scope for a strong uptick in stock price over the next few months.

While Score Gaming and Zynga are part of the gaming and entertainment industry, take a look at this report that outlines three stocks for the next-gen revolution.

Motley Fool Canada's market-beating team has just released a new FREE report that gives our three recommendations for the Next Gen Revolution.
Click on the link below for our stock recommendations that we believe could battle Netflix for entertainment dominance.

The Motley Fool owns shares of and recommends Zynga. Fool contributor Aditya Raghunath has no position in any of the stocks mentioned.

Top Gambling Stocks to Buy in 2021

Most of 2020 felt like a roll of the dice.

Going out to the store became a roll of the pandemic dice: Will I be able to buy hand sanitizer or find any toilet paper? Am I going to catch Covid-19? What do I do with 4,000 masks once the disease is no longer a threat? Every day feels like a gamble.

Speaking of gambling, it's been front and center on many trader's radars. Stocks like Penn National Gaming (PENN) - Get Report and DraftKings (DKNG) - Get Report have been some of the most active and best-performing trading names. I don't expect that to change for either stock in 2021, but those are the obvious names. What about a few other names to consider owning in the space for 2021?

Bet on the Basics

If you're unfamiliar with the sector, it would be best to start with the basics. Roundhill offers the Roundhill Sports Betting and iGaming exchange-traded fund (BETZ) . For an investor, this is going to get you broad exposure to the entire sector at a very reasonable 0.75% expense ratio. You'll get PENN and DKNG exposure here, as those two names are the ETF's largest holdings, but what I find most appealing is the reach into foreign-listed names. Many investors aren't comfortable venturing beyond the big exchanges in the U.S. to get exposure.

BETZ's U.S. exposure sits around 34.5%. Investors are going to get good-sized exposure to Britain, Australia, Malta, Sweden, and the Isle of Man. Honestly, this holding is probably my only exposure to the Isle of Man. Additionally, the fund touches sportsbooks, technology, casinos, and iGaming with a mix of small-, mid-, and large-cap names. Admittedly, a few of the names will come up below, but this should be the go-to starter for anyone wanting exposure in the space.

While we talk about DraftKings non-stop, it's important to note FanDuel is a serious player in the daily fantasy sports (DFS) and sportsbook arena. Investors can get exposure via Flutter Entertainment (PDYPY) , which also gets them PokerStars. FanDuel defines itself as an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. In addition to FanDuel, it also has Betfair US and TVG.

The company recently expanded its reach to South America and the Caribbean via a deal with CAGE Companies. FanDuel will operate over-the-counter sportsbook at retail locations for CAGE, as well as online. Given the huge competition in the U.S., getting international exposure is a huge plus. In terms of the U.S., FanDuel already has a big reach with retail sportsbooks in 11 states and online better in eight states. That will expand soon as they add Michigan and Virginia. Once that is complete, FanDuel will have exposure to about one-fourth of the U.S. population.

Recently, FanDuel dropped an investment into an Illinois racetrack it will rebrand as the FanDuel Sportsbook and Horse Racing track. This is their first foray into racetracks, so investors should watch to see if the company continues this expansion approach. They also hold relationships with Twin River Worldwide Holdings and Boyd Gaming (BYD) - Get Report for casino access in Colorado and New Jersey. Investors could also consider BYD as it has a 5% stake in FanDuel.

Think Far From Home

Staying outside the U.S., Score Media and Gaming (TSCRF) is a small name that should be considered for 2021. The company holds partnerships with Penn and Twin River Worldwide (BALY) - Get Report . Similar to BYD, BALY is another name with lots of ties to iGaming and sportsbooks, so it should be included in the watch list, but both are far from pure plays.

TheScore's media app delivers fans highly personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. But this company is more than just media, it is also a sportsbook and iGaming company via its sports betting app, theScore Bet. It's biggest exposure lies in Canada, which has folks excited. Legislation to legalize single sports betting at a federal level is on the table. That could add billions in annual wagers.

PENN a Deal

The attention-getter for most is theScore's deal with PENN. The two-year agreement with market access for online and mobile sports betting and iGaming in 11 states via Penn is no doubt huge. Not only did Penn make a $10 million investment into theScore, but that number should increase. Rather than paying Penn in cash for additional market access fees, theScore can require Penn to purchase more of its shares with that payment. That could pave the way for Penn to eventually acquire theScore.

Channel FuboTV

FuboTV ( FUBO) - Get Report is another name I like, but not at these levels. The stock is up some 267% during the fourth quarter. While a big run isn't always a stay-away sign, the valuation is getting rich here. At the start of the month, FuboTV acquired Balto Sports. This moved the sports-first streaming platform into the online sports wagering market. Since then, the shares have been on a tear.

A little bit about the core portion of the company -- FUBO's platform offers subscribers access to 50,000-plus live sporting events annually, including college football, soccer, NHL, NBA, MLB, and NFL coverage. Subscribers get a mix of over 100 channels, including 43 of the top 50 Nielson-ranked networks. The company also recently entered a multi-year agreement with Disney (DIS) - Get Report for distribution of all ESPN channels as well as DisneyTV.

Despite a lack of live sports, FUBO's monthly active users are clocking 140 hours per month with a total of 98.6 million hours in the second quarter. That represented growth of 83% year over year. The company also has proprietary technology to offer multi-view streaming. In 2021, the company plans to add cloud DVR storage. This is definitely a name to buy on pullbacks, but I'm much more comfortable with it in the $20s than the $30s.

D.Y.I. With DMYD

Next is DMY Technology Group (DMYD), which will be merging with Genius Sports Group in another special purpose acquisition company (SPAC) take-down of a private company in the space.

Genius Sports sits at the center of the sports data ecosystem. The company is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. You'll find it as a partner of the NBA, Premier League, AFA, FIBA, NCAA, NASCAR, and PGA Tour, and in over 150 countries. It also includes Sportzcast, a real-time scoreboard data integration platform. This standardized distribution of real-time game data allows data to be shared on scoreboard systems around the world.

Currently, 11% of revenue comes from sports, 74% from data and streaming, and 15% from media. In 2021, Genius projects revenue of $190 million and $35 million of adjusted EBITDA. The data monetization comes from 240,000-plus sporting events with 170,000-plus events under rights and 110,000-plus under exclusive rights. To add to the attractiveness, 60% of the company's revenue is recurring and its top 10 customers only make up 30% of the revenue. As gambling increases, the need for data will come with it. DMYD is poised to capitalize on that.

Also in the Cards .

Two other names that should be considered are DMYD's sister company, dMY Technology Group (DMYT), with its purchase of Rush Street Interactive; and Landcadia Holdings (LCA) - Get Report , with its purchase of Golden Nugget Online Gaming (GNOG). Both DMYT and LCA have run a bit beyond my comfort level to buy them right here, right now, but even a pullback of 10% to 15% should put them on your radar.

Currently, I have DMYT on my list above LCA, so if you're looking to add only one of the two, that would be my choice. They are similar names in the iGaming/iCasino space. Both trade at a fraction of the revenue multiple to DKNG. Rush Street will be growing revenue at about twice the rate of DKNG and GNOG, with about half the revenue of DKNG and more than twice that of GNOG. In terms of revenue to enterprise value, GNOG and Rush Street even out. Lastly, both Rush Street and Golden Nugget Online Gaming will have positive cash flow.

Tim Collins is a regular contributor to Real Money, TheStreet’s premium site and provides options trade ideas each day on Real Money Pro, our sister site for active traders. Click here to learn more and get great columns, commentary and trade ideas from Jim Cramer, Helene Meisler, Mark Sebastian, Paul Price, Doug Kass, and others.

4 Canadian Esports Stocks That Could Win Big in 2020

The Canadian eSports stocks we’ve chosen stand to benefit most from the emerging eSports industry in 2020

SmallCapPower | January 9, 2020: Esports is undergoing a transformation. Video games such as Fortnite, League of Legends, and Overwatch have taken the world by storm. Viewership at tournaments is bigger than ever, even surpassing traditional sports, and capital is flowing into the industry from sources that would have never considered it before. In 2015, 800K people worldwide were aware of eSports, with that number expected to almost double to 1.5M people by the end of 2019, and there is still tremendous growth forthcoming. In addition, the audience of eSports streams and broadcasts, which showcase tournaments, leagues, and other events, has also been on the rise, with the global eSports audience estimated to grow to 453.8M viewers by the end of 2019 (Newzoo). Today we have found four Canadian eSports stocks that we believe have the most upside potential in 2020.

*Share price data as at January 7, 2019, data obtained from S&P Capital IQ

New Wave Esports Corp. (CSE:NWES) – $0.09
eSports

New Wave Esports is an esports and competitive-gaming focused investment company based in Toronto and L.A. The Company offers capital and advisory services (acting as an operator in portfolio companies) to the esports industry, primarily to teams, organizations, events, tournament organizers, platforms, networks, technologies, and tools. New Wave Esports announced recently that it had closed its investment in Talon Esports, a professional esports organization. Talon has won multiple championships across various gaming titles, including Overwatch, Street Fighter V, and Tekken 7. In addition, Talon has secured sponsorships with partners such as Logitech, H Cubed Investments, Noble Chairs and Twitch and is expected to be a solid addition to New Wave’s portfolio. Additionally, New Wave announced its plans to acquire Event Matchup Gaming, a Toronto-based leading esports and competitive gaming event organizer, and player management company that produces onsite and online tournaments. Event Matchup Gaming hosts 80+ events a year, focused mainly on events within the fighting community including Super Smash Bros., Street Fighter V, Tekken 7, Dragon Ball Fighter Z, and more. Since the beginning of the year, NWES stock has rallied +70%, and is our highest conviction idea in the esports space.

Market Cap: $6.7M

YTD-Return: +70.0%

14-Day Return: +88.9%

30-Day Average Trading Volume: 375,580

Enthusiast Gaming Holdings Inc. (TSXV:EGLX) – $1.89
eSports

Enthusiast Gaming owns and operates an online network of websites devoted to video gaming as well as Canada’s largest video-gaming expo. EGLX’s content platform consists of over 80 gaming websites with more than 75M visitors every month, which has driven more than 12B ad requests per month. Behind Twitch Interactive, EGN Entertainment, and GameSpot, Enthusiast’s content is one of most viewed North American gaming sites. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, with approximately 55,000 people attending in 2018. On December 18, 2019, EGLX announced that it had received approval to up-list to the TSX.

Market Cap: $135.5M

YTD-Return: -10.6%

14-Day Return: -11.1%

30-Day Average Trading Volume: 205,650

ePlay Digital Inc. (CSE:EPY) – $0.05
eSports

ePlay Digital engages in developing and operating broadcast and live-video technologies. As a mobile game creator specializing in sports and augmented reality (AR) entertainment, the Company offers white-label videos and marketing platforms. Management recently issued revenue guidance, stating that it is expecting US$42 million in revenue by 2021, generated primarily through consumer product sales and software licensing fees. At the 2019 Consumer Electronics Show (CES), the Company announced that it will add a new AR version to Big Shot AR, the first augmented reality sports mobile game. On January 8, 2019, ePlay announced that Big Shot has been downloaded over 35,000 times and revenue from the game increased by 580% in 2019.

Market Cap: $3.0M

YTD-Return: +25.0%

14-Day Return: +11.1%

30-Day Average Trading Volume: 101,420

Axion Ventures Inc. (TSXV:AXV) – $0.31
eSports

Axion Ventures is an investment company with a majority ownership in Axion Games, an online video game development and publishing company headquartered in Shanghai, China. The Company also has majority ownership in True Axion Interactive Ltd., its video game development company in Bangkok, Thailand. Axion Ventures (AXV) also has several other portfolio companies in related innovative technologies. On July 22, the Company announced that it has closed a non-brokered private placement of convertible debentures in the principle amount of US$1.375M; the debentures convert at C$0.90 per common share and have an interest rate of 10%. On October 17, 2019, Axion announced the initiation of the prototype for its mobile version of the popular PC game, Rising Fire.

Market Cap: $65.8M

YTD-Return: +0.0%

14-Day Return: -6.1%

30-Day Average Trading Volume: 14,800

Ubika Research/SmallCapPower has received compensation from New Wave Esports Corp. to provide analyst research coverage. For full disclosure please visit here >>

To read our full disclosure, please click on the button below:

4 Canadian eSports Stocks That Are Top Performers

The Canadian eSports stocks on our list have been among the top-performing equities in this space recently

SmallCapPower | September 3, 2019: Video games have been a popular pastime since the 1970s, but advancements in technology and social media have helped spur the popularity of eSports over recent years. In 2015,

800,000 people worldwide were aware of eSports, with that number skyrocketing to more than a billion people by the end of 2016. The audience of eSports streams and broadcasts, which showcase tournaments, leagues, and other events, has also been on the rise, with the global eSports audience estimated to grow to 453.8M viewers by the end of 2019, according to the Newzoo Global eSports Market Report. Today, we have identified some of the top-performing Canadian eSports stocks as of late, based on both 30-day and year-to-date performances.

*Share prices are as at August 29, 2019, data obtained from S&P Capital IQ

Millennial Esports Corporation (TSXV:GAME) – $1.01
Gaming

Millennial Esports is a vertically-integrated mobile gaming publisher looking to fuse eSports racing and professional motorsport through a global competition model. GAME utilizes its gaming franchises and intellectual property to engage millions of new players and aims to become the market leader in eSports Racing. Millennial eSports also operates mobile applications related to eSports. Its services include video production, promotions, streaming, and broadcasting. On August 22, Millennial Esports announced that it would be taking a 51% stake in the motorsport simulator manufacturer, Allinsports.

Market Cap: $11.1M

30 Day Return: 134.9%

YTD Return: 12.2%

90 Day Average Trading Volume: 96,000

Versus Systems Inc. (CSE:VS) – $0.31
Interactive Home Entertainment

Versus Systems is the developer of WINFINITE, a proprietary in-game prizing and promotions engine that allows game publishers and developers to offer in-game prizing across various platforms, including mobile, console, PC games, and streaming media. Brands pay to place products in-game via WINFINITE, and gamers compete for those prizes. On August 14, Versus Systems announced that is has arranged for, and closed, a non-brokered private placement through the issuance of 4,545,454 units at a price of $0.22 each for gross proceeds of $1M.

Market Cap: $38.3M

30 Day Return: 3.2%

YTD Return: 33.3%

90 Day Average Trading Volume: 270,000

theScore Inc. (TSXV:SCR) – $0.65
Entertainment

theScore creates engaging digital products and content for sports fans. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving

1M fans a month. SCR also creates innovative digital sports experiences through its web, social, and eSports platforms. On August 26, the Company announced that the New Jersey Division of Gaming Enforcement has granted theScore approval to proceed with the full implementation of its mobile sports wagering application in New Jersey.

Market Cap: $231.9M

30 Day Return: 54%

YTD Return: 103%

90 Day Average Trading Volume: 460,000

Enthusiast Gaming Holdings Inc. (TSXV:EGLX) – $1.65
Interactive Media and Services

Enthusiast Gaming Holdings owns and operates an online network of websites devoted to video gaming as well as Canada’s largest video-gaming expo. EGLX’s content platform consists of over 80 gaming websites with over 75M visitors every month, which has driven more than 12B ad requests per month. Behind Twitch Interactive, EGN Entertainment, and GameSpot, Enthusiast’s content is one of most viewed North American gaming sites. Enthusiast also owns and operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo, with approximately 55,000 people attending in 2018.

Market Cap: $85.4M

30 Day Return: 18.7%

YTD Return: 65%

90 Day Average Trading Volume: 175,000

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below:

3 Stocks to Buy in Sports Betting

The business is growing nationwide, and these are the companies built to dominate the market.

Since the Supreme Court opened the door for states to legalizing sports betting in mid-2018, the casino industry's biggest players have been elbowing for the best strategic positions. Some companies are acquiring others, some are building high-profile partnerships, and others are trying to go it almost alone.

Here's a look at how the industry is shaping up and where investors should look for the best bets in sports-wagering stocks.

Image source: Getty Images.

How sports betting will work

The sports betting industry will work a lot like casinos today. There are the companies that take the bets (casinos) and are the front-facing view consumers get. And then there are the infrastructure companies behind the scenes, such as slot-machine and table-game makers. Both groups are regulated in each state, and they can leverage their position to serve as wide an audience as possible. While regulations vary by state, this is a good start for understanding the industry.

As we look at partnerships in sport betting, this backdrop will be important. Infrastructure companies are trying to offer as many services as possible to those with sports betting licenses, which has led to a lot of consolidation, and the bet takers are trying to raise their profile with partnerships.

The infrastructure layer

There are three major companies that provide the infrastructure for sports betting. International Game Technology (NYSE:IGT) , Scientific Games (NASDAQ:SGMS) , and The Stars Group (NASDAQ:TSG) -- which recently agreed to merge with Flutter Entertainment -- are the three to watch. They are extending into sports betting after dominating slot machines, table games, and online poker, respectively.

I mentioned above that these companies are trying to spread their services to as many operators as possible, and they've all announced major partnerships in sports betting. Scientific Games has deals with Wynn Resorts (NASDAQ:WYNN) and Caesars Entertainment (NASDAQ:CZR) in the U.S. and recently won a joint-venture bid in Turkey.

IGT has deals with FanDuel and DraftKings along with smaller agreements with Boyd Gaming (NYSE:BYD) and some tribal casinos across the country. But its biggest deal is an agreement to provide a sports betting platform for MGM Resorts in Las Vegas and New Jersey.

The Stars Group has partnered with Penn National (NASDAQ:PENN) , tribal casinos, and even Fox Sports through both free and real-money wagering.

These are the companies that make the betting happen. But for investors, they may not be where the most money is in sports gambling.

Casinos' role in sports gambling

In many states, the casino itself needs to take wagers and will ultimately be the interface with customers. That means that a physical presence is required in many markets, which favors large, regional operators.

Caesars Entertaintment and MGM Resorts (NYSE:MGM) are the two biggest based on revenue in the U.S. Caesars is already operating sportsbooks in seven states at 30 venues and has partnered with Disney's ESPN and AT&T's Turner Sports to provide TV programming for sports betting. Its proposed combination with Eldorado Resorts (NASDAQ:ERI) will increase that reach regionally, and that's what Caesars is hoping will be its differentiator.

MGM Resorts is betting that being involved with sports leagues themselves will be the best way to market. It has deals with the major basketball, hockey, and baseball leagues to be their official partner and even get proprietary data from leagues to offer more betting options. The company also signed a deal to be the sports betting partner of Buffalo Wild Wings, which will expand its presence to markets where it doesn't have casinos.

Smaller casino companies like Penn National and Boyd Gaming are building whatever partnerships they can, leveraging some of the suppliers I mentioned like The Stars Group and DraftKings, but they'll have a much smaller business in sports betting. They just don't have the scale or media reach of Caesars and MGM, which I think are the best bets on the casino side of the business.

Where to wager on sports betting

I think the biggest winner in sports betting as it expands will be MGM Resorts. The company has the partnerships necessary to build a big audience; that will improve the betting data it gets, which could be a feedback loop for the gambling market.

On the supplier side, Scientific Games has built partnerships that could leverage scale with betting outlets outside of MGM. The company is also going international, which could open up many new markets.

If you're looking to wager on the sports betting business, MGM and Scientific Games have great odds, and that's why they're my top picks today.

The 8 Best Sports Stocks To Buy Right Now!

Mason Harris - December 23, 2020

2020 has been an interesting year for the sports industry. Covid-19 has shaken up the worlds of professional sports and personal fitness alike. Sports fans have luckily been able to continue watching their favorite teams (with only a few mishaps).

Additionally, stay at home orders have lead consumers to spend more time on their personal fitness and health. Increased time at home has also lead to increased professional sports viewing and betting. Despite the challenges of the pandemic, professional and retail sports stocks have continued to succeed. We’ve put together a list of the best sports stocks to buy today, so that you can take advantage of this trend.

If you’re looking for sports stocks, check out Trade Ideas to get started. Through AI-based software, you’ll be able to jumpstart buying and selling stocks for your portfolio with minimal hassle.

Best Sports Stocks To Buy

Madison Square Garden Sports Corp. (NYSE:MSGS)

Based in New York, Madison Square Garden is an American sports holding company. Madison Square Garden manages sports teams such as the NBA’s New York Knicks. The company originally formed when Cablevision Systems Corporation spun off a number of sports teams, entertainment venues, and media groups. The entertainment assets were grouped and sold as an independent, publically traded company.

In 2020, the strict entertainment division of the company was spun off and publically sold as Madison Square Garden Entertainment. Thus, Madison Square Garden Sports Corporation was strictly devoted to its sports-related assets. Today, these assets include The New York Knicks (NBA) and the New York Rangers (NHL). Additionally, the company holds two development league teams. The company also holds multiple eSports teams including teams through Counter Logic Gaming, a leading North American eSports organization.

One of the company’s most recent peaks in stock price was in February of this year before Covid-19 disrupted the economy. The holdings company has struggled to return to its previous level of performance since. This could make it a wonderful time for a buy as it is likely to take off in the coming months as the vaccine is rolled out and eager sports fans hope to get back to the live events they missed so much.

Churchill Downs Inc. (NASDAQ:CHDN)

Churchill Downs Incorporated is the parent company of Churchill Downs. This famous track is located in Louisville, Kentucky and is home to the annual Kentucky Derby. This famous horse racing event is often dubbed one of the greatest sporting events in America. The event draws as many as 150,000 spectators each year and has been held for 146 years.

The horse racing event and earnings have also seen significant growth since viewers can now place their bets online. Because of this, the company has become one of the most profitable digital horse racing platforms.

Churchill Downs also owns 15 other industry-leading racing properties and casinos. This is a wonderful point of diversification for this group, especially after Covid-19 postponed the Kentucky Derby due to Covid-19. The setback led to a major financial loss for the company. That said, the company is currently performing the best that they ever have, indicating it may currently be overvalued.

Liberty Media Corporation (NASDAQ:BATRA)

Founded in 1991, Liberty Media Corporation is an American mass media company based in Colorado. Through the years, the company has evolved and now has three distinct yet related divisions. These include The Atlanta Braves, SiriusXM, and Formula One.

The Atlanta Braves are an American professional baseball team based out of Atlanta. Formula One is the highest class of auto racing for single-seater racing cars. SiriusXM is one of the largest American broadcasting companies providing satellite and online radio. Many of the radio offerings provide coverage of sports events, which is invaluable in the age of digital media.

With three separate major holdings, Liberty Media is a wonderfully diversified holding. This diversification helps the company to capture the upside of separate sports sectors. Therefore, investors are also protected from the downside of particular sports markets. Liberty has not made a full recovery in stock performance from Covid disruptions. This could make it a great time for a buy as the vaccine is rolled out over the course of the next few months.

DraftKings (NASDAQ:DKNG)

Originally formed as a fantasy sports platform, Draft Kings is one of the largest online sports betting and fantasy platforms in the US. The company went public in the Summer of 2019 with impeccable timing. Their stock continues to rise as the US legalized sports betting in 18 states plus Washington DC. Multiple other states are pending legalization, with exceptions for certain types of online sports betting

Since IPO, DraftKings has continued to grow until it peaked in October of this year. The company is expected to see continued growth as sports betting continues to gain popularity and legalization. Notably, in September of 2020, Michael Jordan became both an investor and board advisor for the company. The company expects above-average returns in the next twelve months. Pick up this cheap buy while it’s in its first downturn to take advantage of expected growth in the near future. Once sports events return to normal, you’ll be happy that you did.

Best Sports Stocks: Retailers

Dick’s Sporting Goods (NYSE:DKS)

Based in Pennsylvania, Dick’s is the largest sporting goods retailers in the US. Founded in 1948, the company currently has over 850 store locations. The company is also notably a Fortune 500 company. While market performance took one of the biggest hits it’s seen in years because of Covid, the company has seen a monstrous surge in the sale of sports supplies as a result of stay home orders. Dick’s market cap is valued just shy of $5 billion. The company’s subsidiaries include Field and Stream, and Golf Galaxy.

Dick’s market performance continues to push toward new heights, likely setting new records in the near future. The company is projected to see above-average market performance in the coming 12 months. Individuals hoping to take advantage of the pandemic-effect of increased sports equipment sales shouldn’t wait much longer.

Best Sports Stocks: Apparel

Nike, Inc. (NYSE:NKE)

Identified by their iconic ‘swoosh,’ Nike is engaged in the development and sale of sports and athletic apparel including footwear, clothing, equipment, and accessories. The company is the world’s largest supplier of athletic footwear and apparel. They are currently based in Portland, Oregon.

The brand value was over $32 billion in 2020. Sales revenue was also in excess of $38 billion in the same year. This makes them the most valued brand on the market currently in the sports business space. While most of their revenue stems from footwear and men’s athletic wear, Nike is hoping to change this narrative in the coming years. Nike owns just 10% of the market share in the women’s apparel space, which they are now rapidly growing in. The company also hopes to see continued growth in the sale of apparel outside of footwear, which has seen immense success, especially with regard to their Jordan shoe line.

This mega sports brand is currently performing the best it ever has on the stock market. Covid-19 had a very muted short term effect on Nike. However, the company may currently be overvalued. Investors should keep their eye on Nike in the coming months in case of a price dip. Nike is an athletics sports brand that comes second to no other.

Lululemon Athletica (NASDAQ:LULU)

Founded in 1998, Lululemon is an athletic apparel company that originally focused on the sale of yoga apparel. The company has since expanded to over 460 locations internationally, also conducting sales online. Their product line now includes the sale of products including athletic wear, lifestyle apparel, and yoga accessories. The growth of yoga, in general, is seeing similar expansion to that of the company’s growth. In the US alone, the number of yoga participants since 2012 has more than doubled, amounting to 55.05 million participants in 2020.

Many consider Lululemon clothing to be luxury apparel. This means the items come at a pretty hefty price tag. That said, many people consider their high-quality products to be worth the expense. The majority of their product offerings are for women, so the men’s market could be a huge opportunity for growth. Lululemon’s stock price has soared back to its pre-covid performance and will likely continue to grow. Current prices suggest overvalue, and projections also suggest lower than average returns for the next 12 months. This could be a long term hold, but the company is expected to continue growth from its current market cap at over $48 billion.

Best Sports Penny Stocks

Super League Gaming, Inc. (NASDAQ:SLGG)

The world of eSports has been a very exciting addition to the world of sports entertainment. Companies like Super League Gaming have played a large part in bringing this trend to popularity. After their IPO in March of 2019, the online sports gaming businesses enjoyed a few months of success before ultimately dropping to the low price that it remains today. The company focuses on providing online competitive gaming and entertainment for gamers around the globe.

The company recently announced some changes they have been making to counteract the challenges of Covid-19. Their hope is to launch a proprietary live broadcast system. This system would allow mass participation in live eSports gaming events. In the next 12 months, there’s a 60% increase in returns expected. Shares trades are currently just over $3. Even if eSports is a popular entertainment option in the covid-era, it’s likely not going anywhere, even after the pandemic passes through.

Should You Buy Sports Stocks?

While Covid-19 could have been extremely detrimental to the sports industry, we’ve seen that this actually hasn’t been the case. The adaptability of the sports market has pleasantly surprised many fans, which has certainly not been the case in other industries.

The pandemic has also increased global interest in new forms of sports entertainment. Additionally, while the world’s population has been in isolation, there has been an increased focus on personal health and wellness. This shift has led sports equipment and apparel brands to see great success. If the sports industry is booming while in a pandemic, think of the opportunities for growth once we come out on the other side of this. Don’t miss out on your opportunity to invest now!

Did any of our sports stocks pique your interest? These selections and more are all available on WeBull. WeBull is an investment platform that will give you a few free stocks just for joining!

Sports Stocks: Final Thoughts

Many of the stocks on our list are well-established businesses with an international presence. They have seen continued growth despite the worst public health crisis in 100 years. Whether you’re a sports fan interested in betting or investing in one of your favorite sports teams, or just a smart investor who sees a great opportunity with the popularity of the sports industry, be sure to move on these sports investments today. When live sports return, you’ll be able to take advantage of the trends that have grown while in the absence of live sports events, and the ever-present love for sports games that have run in the blood of so many Americans for decades.

Mason Harris

Mason has experience in wealth management and private equity. Mason's writing focuses on finance, retirement planning, market trends, and business growth tactics.

The Top 5 Sports and Esports Gambling Stocks to Bet On

Sports betting and esports betting is a growing industry. With the coronavirus crisis continuing sports betting will experience a likely temporary stall but this gap will be fuelled by the growth in esports and esports betting.

Gambling operators who offer sports and esports betting will concentrate on their esports and online gaming offerings, potentially overcoming a blip in their revenue generation with spending and gambling on gaming. Indeed, esports and gaming is an industry that is thriving as people stay home in 2020. Verizon is reporting increases in online gaming activity of up to 75%. Esports betting sites like Unikrn and Luckbox are reporting unprecedented growth in esports betting activity. Luckbox, for example, saw betting revenue rise by 50% in February and March of 2020.

Coupled with demand and growth, gambling operators are finding new market opportunities and affirmation of their activities in the form of regulatory approvals for sports and esports betting. Nevada’s gambling regulators have now approved betting on Call of Duty, CS:GO, League of Legends, Dota 2, iRacing, and Overwatch including online-only events and tournaments perfectly acceptable in a time of physical distancing.

The US lifted a federal ban on sports betting in 2018. Many US states have now legalized sports betting and esports betting is increasingly positively regulated. As per US News around $13 billion worth of sports bets were placed in 2019. The Bank of America predicts that sports betting could be available to 50% of citizens by 2022, with 30% having access to mobile gaming. In addition, sports gambling could grow at as much as 32% CAGR in the next three years. As per Wholesale Investor and Luckbox, Esports betting is forecast to grow at a rate of 44% CAGR over a four-year period reaching a value of $17.2 billion by the end of 2020.

The long-term growth potential of sports and esports gambling and the short-term significant spike in esports betting coupled with a longer-term rise provides a viable opportunity for investors. Let us look at sports betting and esports gambling stocks worth watching and considering right now:

1. Caesars Entertainment Corporation

Pitched as one of the most geographically diverse US casino entertainment companies, by September 2019 Caesars was running sports betting in seven US states. As of April 23, 2020, the company’s stocks had achieved over 6% gains in the five prior trading sessions leading to bullish predictions for its shares. As per News Heater, in addition, Barron’s is reporting an online gambling boom amidst the coronavirus lockdown.

The value of Caesars stock has been steadily rising across April, from a price of $6.28 per share on April 3 to $8.87 on April 24. Many analysts predict the casino company’s share price to rise above $10 and some, like Credit Suisse give “outperform” ratings for Caesars and a target share price as high as $13.

2. DraftKings

Sports betting company DraftKings has just become publicly listed after its merger with Diamond Eagle Acquisition Corp and SBTech. Its first day of trading on April 24 saw stock price surges as high as 18% with its stock price settling at $19.35 at the close of trading, as per Market Watch.

DraftKings CEO Jason Robins expects sports betting demand to rebound after the coronavirus crisis. Despite a shortage of sports betting opportunities, DraftKings is offering new gambling opportunities. Its fantasy esports contests saw 50-fold growth in March and its allowing users to bet on simulated matches in games like Madden NFL, as per CNN Business.

3. Flutter Entertainment

Bookmaking holding company Flutter Entertainment was created out of the merger between Paddy Power and Betfair. Its stocks have been popular for some time, illustrated by a high price-to-earnings ratio for its shares. But, with the impact of the coronavirus it has canceled its 2020 stock dividend. It has furloughed staff too, but as per the Motley Fool is financing this without government help.

Flutter Entertainment also owns Sportsbet in Australia as well as the US’s FanDuel. It is due to merge shortly with the Canadian gambling giant The Stars Group (CSG). Across the first quarter of 2020, Flutter saw overall revenue up 16% to £547 million with sports betting up 13% to £407 million and gaming revenue up to £140 million.

4. LeoVegas AB

Sweden’s LeoVegas AB has seen a significant share price rise of over 20% in recent months. Some question whether the company is undervalued whilst other analysts argue this point. There is optimistic future growth but the stock price hike for LeoVegas may have already happened depleting the opportunity for new investors, as per Simply Wall St.

LeoVegas has a “Mobile First” strategy which could position it well for future growth as the global mobile gaming market grows. Its brands include Royal Panda, Pixel.bet, Bet UK, Crown Bingo, and Bingo Stars amongst others.

5. MGM Resorts International

Though MGM does have some reliance on the physical gambling mecca of Las Vegas and its casinos it did also see the opportunity of online betting early and could be a position to take advantage of a growing sports gambling market. Physical casino closures due to the coronavirus have impacted MGM and its stock price plummeted then recovered slightly, as per Motley Fool, as a result. MGM’s established brand and substantial financial resources mean that it could survive the current global crisis well and come out positively on the other side.

MGM partnered with GVC Holdings to develop its popular BetMGM mobile wagering application to take advantage of the increasing legalization of sports betting.

Morgan Stanley analyst Thomas Allen believes sports betting will be the biggest growth opportunity for the US gambling industry. Allen says legal sports betting revenue was less than $1 billion in 2019 but is expected to reach $7 billion by 2025. The illegal sports betting market is estimated at a size of around $150 billion.

If you’re unsure about investing in sports betting or esports betting stocks, take a look instead at some of the gaming and esports stocks worth watching in 2020.

ESB Staff

At EsportsBets.com we are a group of independent journalists with one big passion: Esports. We've been following the industry and have contributed to its growth since 2015.

Filter By Tags

Latest Tournaments

LoL Worlds 2020 Schedule

LoL Worlds Betting

LoL Worlds Odds

The International 2019

StarLadder Berlin Major 2019

Call of Duty World League

Overwatch World Cup 2019

Fortnite World Cup Betting

Major League Gaming

Fortnite Pro Am 2019

EU LCS

LoL LCK

EVO 2019 Betting Guide

NA LCS

Rift Rivals

Mid-Season Invitational

DreamHack Esports Events

We at EsportsBets make it our mission to provide a critical look at popular online bookmakers and highlight generous offers that will help you make the most out of your money.

With esports betting becoming increasingly widespread, we believe it’s more important than ever to draw attention to licensed operators that employ safe and transparent gambling practices.

Is Score Media and Gaming (TSX:SCR) Stock Worth the Premium?

Daniel Da Costa | January 22, 2021 | More on: SCR

There are several high-quality Canadian stocks for investors to consider today, but one that’s getting a tonne of attention recently, and for good reason, is Score Media and Gaming (TSX:SCR).

Score Media and Gaming is a rapidly growing Canadian company that’s caught a lot of investors’ attention. The company decided a few years back to enter the sports betting industry, as it was the perfect complement to its highly popular mobile sports app.

The stock was treading water for a while, and when the coronavirus pandemic hit and sports were put on hold, it looked like it might be a while before the company would see any meaningful growth.

That hasn’t been the case, though. Sports have returned, and with fewer activities to do because of the pandemic, TV viewership continues to increase. Plus, over the last year, there have been a tonne of positive catalysts for SCR stock. That’s why the stock has gained more than 400% in just the last two months.

So, let’s take a look at the potential of SCR stock over the next few years.

A record first quarter for SCR stock

Last week, SCR stock recorded its first-quarter earnings of the fiscal 2021 year, and the company posted some impressive results.

It was the strongest quarter ever for SCR stock in terms of gaming handle and media revenue. This is important, as it shows both of Score’s major business segments are recovering from the coronavirus pandemic.

The company also reported nearly four million monthly active users in the quarter. These users open theScore mobile sports app on average 116 times a month. That’s a lot of eyeballs, and the company has capitalized on that substantially, which is what’s led to the record media revenue.

These numbers are even more impressive when you consider that no NBA or NHL regular season games were being played during the quarter.

Plus, in addition to the record revenue, SCR has also been launching its theScore Bet app in Colorado and Indiana. It’s targeting more states in the coming quarters, too, with Iowa next as soon as it receives regulatory approval.

This will undoubtedly help its gaming handle to continue to accelerate rapidly, which is why investors have been so impressed by the stock.

Score’s long-term potential

In the first quarter, Score’s gaming handle grew by more than 330% year over year. This is all based on sports-betting in certain states that Score has received regulatory approval in already.

However, much of the long-term potential lies within Canada though. So, when Canada announced it could legalize single-game sports betting, SCR stock naturally got a big boost.

It’s currently the leading mobile sports brand in Canada. This gives it a huge competitive advantage over its competitors. Plus, on top of the potential from sports betting, SCR also has an impressive esports business.

Esports is the least talked about when it comes to SCR’s potential. However, it presents a long opportunity for growth, though, especially with 5G internet continuing to become more popular.

In the quarter, theScore esports recorded over 350 million video views, a record for the first quarter. That’s 355% year-over-year growth, which is impressive in and of itself. However, management also believes it’s a great way to grow its audience and mobile users.

Financials

As of Thursday’s close, SCR stock traded for roughly $3.30, giving it a market cap of $1.4 billion. While SCR has a tonne of momentum and significant potential, the stock may soon become overvalued. It’s worth noting that the highest analyst target price is just $2.50, giving SCR stock a current premium of more than 30%.

That doesn’t necessarily mean that the stock has no upside left. After all, there are several significant catalysts expected over the next few weeks. This includes launching in new states, a shareholder meeting in February to discuss listing the stock on a U.S. exchange, as well as the Canadian government potentially legalizing single sports betting.

However, the premium valuation is something to keep in mind, as SCR stock currently trades at a price to sales of more than 70 times. So, if you’re considering an investment in SCR stock, I would make sure you’re committed to the long run.

If you're looking for a high-potential growth stock like SCR but without the significant premium, check out this gem!

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting.
Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago - before it skyrocketed by 1,211%!
Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Fool contributor Daniel Da Costa has no position in any of the stocks mentioned.

As sports betting looms, Canadian app theScore braces for rivals in the gambling arena

With single-game sports betting about to go legit in Canada, the troika of DraftKings Inc., FanDuel Inc. and William Hill Plc that dominates the U.S. betting business is preparing to pounce.

But an entrepreneurial father-son team has something their would-be rivals don’t: a legion of fans that have made their mobile app, theScore, among the most popular sports apps in North America.

Shares of Toronto-based Score Media and Gaming Inc. surged after Canada unveiled legislation in November to legalize single-event sports betting, following in the footsteps of multiple U.S. states. The stock ended the year up 111%.

Now, chief executive officer John Levy and his son, Chief Operating Officer Benjie Levy, are making plans to replicate their sports betting service — theScore Bet, already active in Colorado, Indiana and New Jersey — in their home country.

TheScore is among the most actively used free sports apps in Canada, ranking No. 1 in the Google Play store as of Wednesday, according to traffic-tracking firm SimilarWeb. The company says it has about four million daily active users, with more than 1.4 million in Ontario alone.

The company has its roots in television with a cable channel that was also called The Score and showed a range of highlights and events beyond hockey. Segments such as “Cabbie on the Street” were a hit, with TV personality Cabral Richards interviewing sports stars including the late Kobe Bryant.

But the network perpetually trailed two established Canadian sports networks and the elder Levy, now 67, opted to bet the future on digital assets. He sold the TV license and related assets in 2012 to Rogers Communications Inc., operator of the rival Sportsnet network, for $167 million, a deal that allowed Score Media to spin out its website and app into the current publicly traded company.

Advertising has been Score Media’s main source of revenue. Underscoring the difficulties of maintaining a profitable ad business, Score Media has posted losses every year since the TV spinoff.

Sports betting is now legal in 20 U.S. states and the District of Columbia, with 14 of those accounting for $13 billion in 2019 wagers, according to Bloomberg Intelligence. In Canada, aside from horse racing in some provinces, legal betting is limited to parlay wagers through provincial platforms.

So Canadian bettors spend an estimated $10 billion a year on single-event betting through illegal bookies and a further $4 billion on international betting websites, according to Justice Minister David Lametti.

Canadian officials are attracted to sports wagering as an untapped source of tax revenue. In the U.S., online gaming the sports gambling generated almost $160 million in tax revenue in 2019, according to the American Gaming Association.

“Assuming full legalization in Canada, we think this could be a $4 billion revenue opportunity,” Credit Suisse analysts wrote in a Nov. 30 note about DraftKings Inc., referring to industry revenue. The legalization bill has yet to pass in Canada’s Parliament, which is slated to resume later this month. It requires two more “readings” before moving on to the Senate.

Irek Kusmierczyk, a Liberal member of Canada’s Parliament representing Windsor-Tecumseh, said he was optimistic about the legislation’s prospects. “We’re hopeful that we can actually move this process along quickly,” he said. Opposition could always balk, but “it does feel as though there’s support among all three parties,” he said.

Representatives of FanDuel and William Hill declined to comment. DraftKings also declined to comment, though its CEO Jason Robins said on the company’s third quarter conference call he’s “very hopeful that we’ll be able to add both sports betting and iGaming in Ontario” sometime in 2021.

Wagering volume on theScore Bet rose 500% in September compared with a year earlier, “with that momentum continuing into October,” Levy said in the company’s latest quarterly update.

Betting platforms take a cut of each wager and collect fees from leagues that run tournaments on them. For Score Media, the financial benefits have been small so far. But analysts are looking for revenue to double to $41 million in the fiscal year ending Aug. 31.

Darren Chervitz, a portfolio manager at New York-based Jacob Asset Management, which filings show is the 11th largest holder of Score Media shares, says theScore’s brand recognition gives it the best shot at succeeding as a sportsbook platform in Canada.

Chervitz said that while larger players in the betting business will surely challenge theScore Bet, he’s been impressed by how the company has integrated betting into its fan app. “They’ve done a great job at building this little company,” he said.

“Fundamentally, the difference is they’re going to have to come after us, we don’t have to go after them,” John Levy said of his rivals. “Because of our brand, because customers know us here, it really takes on a different dimension than the efforts we have in the States.”

Those rivals, however, are much better capitalized than Score Media. DraftKings, for instance, has a market value of more than $19 billion after its shares soared more than 300% last year. Score Media’s market value is about $604 million.

Penn National Gaming Inc., another industry giant, took an equity stake worth $7.5 million in Score Media in 2019. Under the deal, Penn would have the option to increase its stake in lieu of future market access fees. Penn, which has a market cap of over $14 billion, is known for its minority stake in Dave Portnoy’s Bar stool Sports.

Loading.

To Chervitz, one end game for Score Media would be a takeover by a larger competitor. He began buying shares after the U.S. Supreme Court ruled betting would be allowed on a state-by-state basis, though he trimmed some of that position after Canada’s announcement in November.

Any takeover would be up to the CEO. John Levy owns 100% of a special class of voting shares that give him control of the board and a veto over any deal.

“We’re not building this as a shiny new object just to hold it out there to say, come and get me,” Levy said. As a matter of good governance, he said, Score Media would look at any offers, “but the bottom line is, that’s not what we’re building and we’re building to be the best damn sports media company in the betting space.”

So, let's define, what was the most valuable conclusion of this review: Zynga and gaming peers are coronavirus-proof and have the potential to outperform markets in 2020. at Top 10 Gaming and Sports Wagering Stocks on the Rise in Canada