Some of the biggest profit plays to be made in the new world of legal sports gambling have nothing to do with placing bets on your favorite football team – or even buying casino stocks.
I’m talking about the tech and data firms that will act as the new “bookies” for this industry that The New Republic estimates is worth $1 trillion worldwide. See, win or lose, the bookies always take their cut – and that’s a good place to be when you’re looking to pad your nest egg.
Since the U.S. Supreme Court decided in May to overturn a decades-old law limiting most legal sports gambling to one state, Nevada, the floodgates have opened wide.
The Supreme Court’s lifting of the 100-year ban on this $400 billion domestic market may represent the biggest moneymaking opportunity since the repeal of Prohibition in 1933.
And already, tech startups like The Action Network are partnering with media giants like ESPN to parlay their data into shows designed to attract sports gamblers’ attention – and, eventually, take their bets. Beyond ESPN, Fox Sports 1 is developing its own sports betting show, and Sports Illustrated is launching its own gambling vertical.
But so far, these major sports media firms are only dipping a toe in the sports gambling waters. They’re hesitant to get on the bad side of the National Football League or Major League Baseball, with which they have lucrative rights deals.
That leaves a juicy opening for tech firms like The Action Network to become early winners in the race to monetize this fast-growing industry. These Silicon Valley-inspired companies will be the most nimble, innovative, and fast moving.
Now, you can’t buy shares of the Action Network yet – it’s still privately held.
That’s why we want to show you more about a tiny tech stock that could multiply your money by sevenfold or more as newly legal sports betting spreads across the nation.
This company makes the “games behind the games.” And that’s a good place to be right now.
But you’ll want to strike while the iron is hot, while states are still lining up to legalize sports gambling. Right now, there’s still time to get in on the ground floor, where the profit potential is at its max.
For more details, click here.
I’ll see you back here soon.