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Should You Add Sports Betting Companies to Your Portfolio Amid the Legalization of Gambling?

Summarized by: Live Sports Direct
 
Should You Add Sports Betting Companies to Your Portfolio Amid the Legalization of Gambling?

Sports betting is legal in the United States. Some betting companies have been profitable. Morgan Stanley projects that the gambling industry will rake in $7 billion by 2025. The New York sports betting market is proving to be one of the strongest in America. The risks attached to buying sports gambling stocks are unknown. It's possible that some companies might not be around a few years from now. Sports betting has become part of American culture. Media promotes it. There are several substantial gambling markets outside of Las Vegas. New Yorkers have a lot of sports teams. They can bet on their favorite teams online.

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