2 Stocks Betting Big on Fantasy Football This Season
We're just four weeks into the new NFL season. Your favorite team may be winning or losing, but the game itself is faring better than you think. NFL stadiums are operating at full capacity after last year's pandemic-saddled run. TV ratings are up. If you're a fan of the game you may also be participating in more fantasy football leagues than ever.
Competing against fellow gridiron enthusiasts to assemble rosters of players based on their weekly performances has never been hotter than it is right now. The global fantasy sports market has ballooned from $20.36 billion last year to a projected $22.31 in 2021, according to market research specialist Research & Markets.
It should only continue to thrive, with Research & Markets targeting a market of $38.6 billion by 2025, a compound annual growth rate of nearly 15%. Investors can cash in, too, of course. Two fairly obvious beneficiaries of our growing obsession with fantasy sports are DraftKings (NASDAQ: DKNG) and fuboTV (NYSE: FUBO). Let's take a closer look at why these two companies aren't likely to fumble the opportunity.
Source Fool.com
