Online gambling is growing rapidly, but it hasn't been profitable long-term and it's not clear if DraftKings(NASDAQ: DKNG) will change that trend. But there's a way to get a profitable gambling business with upside in online gambling, which Travis Hoium highlights in this video.
*Stock prices used were end-of-day prices of April 9, 2024. The video was published on April 10, 2024.
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Travis Hoium has positions in MGM Resorts International. The Motley Fool recommends Flutter Entertainment Plc. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
