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The Best Sports Gambling Stock to Buy

TheMotleyFool

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Drawn by the lure of tax dollars, states around the nation are quickly allowing sports gambling one at a time; and Governors like New York's Andrew Cuomo are hinting at more legalization to come. As a result, the market is expected to explode to $127.3 billion in sales by 2027, thanks to a brisk growth rate of 11.5% during that time.

Such strong sector tailwinds have attracted dozens of new entrants vying to capture this expansion. While there are many interesting ways to invest in the space, Penn National Gaming (NASDAQ: PENN) is by far the best. Here's why.

Image source: Getty Images.

Source Fool.com

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