DraftKings, fuboTV, and Penn National Gaming Target Mobile Sports Betting Market From Different Angles
DraftKings (NASDAQ: DKNG), fuboTV (NYSE: FUBO), and Penn National Gaming (NASDAQ: PENN) are all vying for a piece of the lucrative mobile sportsbook market. Each has different assets to tap into, but which one offers the best odds of investing success?
Ever since the repeal of the Professional and Amateur Sports Protection Act, states across the U.S. have been legalizing sports betting. Companies are jockeying for positions in this new market estimated to be worth $22 billion annually (if all 50 states legalize the activity). With each state selectively handing out licenses to only a few providers, companies receiving the licenses could be getting a sustainable, legally enforced competitive advantage in each state that protects the winners from too many new entrants.
Let's look at what each of these three companies has going for it in this market share wager.
Source Fool.com
