3 Reasons Penn National Gaming Is Poised for Success
The legalization train for regulated American sports gambling has left the station. New athletic seasons now bring with them new wagering programs created and tweaked by state governments. Mobile betting books are rapidly being set up across the nation to address soaring demand.
With the coronavirus having such a drastic effect on state budgets, this momentum has no reason to slow. It seems many states in our country are finally confronting their lack of control over sports betting and deciding they may as well extract some tax revenue from the transactions in the process.
Some investors are eager to take part in this evolution toward the acceptance of sports gambling. A high flier like DraftKings Inc. (NASDAQ: DKNG), with its impressive growth and popular platform, is one choice for investors wanting to get in on the action. Penn National Gaming (NASDAQ: PENN), however, may be the better option for three compelling reasons.
Source Fool.com
