Top Sports Betting Companies
The hottest sports betting stock of 2020 was DraftKings, hands down. The company hit the market through a special purpose acquisition company and hasn't looked back. Shares shot higher as the. The hottest sports betting stock of 2020 was DraftKings, hands down. The company hit the market through a special purpose acquisition company and hasn't looked back. GVC Holdings PLC is a sports betting and gaming company operates both business-to-consumer (B2C) and business-to-business (B2B) markets. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo.
You should not struggle to find the best online sports betting sites. With the incredible growth witnessed in the industry, there are many platforms where you can play online. However, there are a couple of platforms you should avoid.
To help you find the best sports betting sites, this guide lists the top three best online sports betting sites: Bovada, BetOnline, and MyBookie.
There are many factors that make the best online betting sites. These sports sites cover many sports and have the fastest payouts. They are honest, trusted and reliable.
1.Overview of Bovada
Bovada is by far the best sports websites for bettors in the US. The company offers everything you would ever want. Bovada is easy to navigate, professional and has many offerings for bettors. Players have never complained about missing payouts. It is one of the most secure sports gambling sites.
Banking and Deposits
Bovada boasts of smooth deposit options for gamblers. However, the platform does not have many deposit money deposit options although things are easy and straightforward. Deposit options include bitcoin, Amex, MasterCard and visa. Transactions are quite fast with fewer hoops. You can use the cash almost immediately.
2. BetOnline
BetOnline is yet another notable sport betting platform. They always improve infrastructure, bonuses, and promotions so that you can get incredible products. It is important to know that you are playing on a platform that keeps improving their performance.
Banking and Deposits
The platform requires a minimum of $10 to play. Payment options include MoneyGram, Mastercard, western union, bitcoin, Skrill bank, discover card, diners club, American express, Ethereum. Support BTC and USD.
Customer Support
Customer support is extremely important when it comes to finding the best sports betting sites. BetOnline offers one of the best customer support system including email and phone. You can ask questions related to skill game, casino, and poker and you will get quick responses. Also, you can connect with the customer reps through social media networks such as Instagram, Facebook, and Twitter. Follow them on twitter to see how lines are moving and upcoming bets.
3. MyBookie
MyBookie is an incredible top online sportsbook and casino. Even though some aspects need to be improved, it still offers some incredible features that gamblers would appreciate.
Banking and Deposits
There are a host of banking options that the website offers. It is easy to deposit and withdraw funds any time of the day. However, the website does not offer e-wallet options like other sports gambling sites. Players hope in the future MyBookie will introduce Neteller and Skrill.
Bonuses
MyBookie offers some incredible bonuses for players. There is a broad assortment of bonus across sportsbook and casino which players can use to spin, earn bonus money and so much more. In addition, the bonuses are more extensive as compared to other sports betting online websites.
Customer Service Support
MyBookie has one of the best customer support among sports betting online sites.
First and foremost, they offer customer support 24hrs, offering help to customers. Apart from that, you can easily reach them through telephone, web form, and live chat. Customers have recorded satisfaction in customer support as they are helpful and fast.
User Interface
It does not matter if you are using a desktop version or mobile version of the website. Also, the quality of the user interface is commendable. The website is easy to navigate. It is never an issue to find what you want on the website, all thanks to the thoughtful and quality built.
Finding the best online betting sites that are safe and secure is not easy as there are many fake sites online. However, a good online gambling site is that which offer the best user experience, easy banking options, and great customer support.
© Provided by The Motley Fool These Were the 3 Best Sports Betting Stocks of 2020Sports betting is big business around the world, and it's been dominated for decades by traditional land-based casinos. That's changing as betting moves online, and the mobile gambling market took a major step forward in 2020 as more states legalized online gambling, and thousands of people began betting legally at home during the pandemic. A few companies hit public markets as well, bringing even more attention and funding to the industry.
As we look back on the year and forward to 2021, the sports betting market has three clear winners in my eyes: DraftKings(NASDAQ: DKNG), MGM Resorts International(NYSE: MGM), and the little known GAN Limited(NASDAQ: GAN).
DraftKings
The hottest sports betting stock of 2020 was DraftKings, hands down. The company hit the market through a special purpose acquisition company and hasn't looked back. Shares shot higher as the pandemic wore on and sports came back, helped by investors hoping that online betting would begin to replace in-person betting. For the year, shares are up 406%.
In some ways, the boom in online betting is happening faster than expected, and that's helped early movers like DraftKings. In New Jersey, which is the bellwether for online gambling because it was the biggest early state to allow betting, there were $91.8 million in bets in November 2020 alone, up 86.9% from a year ago. If that growth and level of revenue are any indication of the potential for the rest of the country, DraftKings has a long runway ahead.
The third-quarter 2020 results were a small indication of how well things are going for DraftKings. Revenue was up 42% on a pro forma basis to $133 million, and monthly unique users grew 64% to 1 million. Revenue is also expected to be $750 million to $850 million in 2021, up 45% at its midpoint from 2020 guidance. This is a sports betting stock with a lot going for it and maybe just at the beginning of its growth story.
MGM Resorts
As gambling moves online, companies with a physical presence can sometimes have an advantage over digital-only companies. They have known brands, regulators sometimes require a physical presence to operate in a state, and there can be synergies between real-world and online casinos. That's the space that MGM Resorts is trying to fill, and it's done so relatively well in 2020.
The joint venture MGM Resorts built to enter the space is BetMGM, which is now offered in eight states and is growing as quickly as states will allow. Like DraftKings, the company is limited by what's legal in the U.S., but betting should be opening up in more states long term.
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What I like about MGM as a sports betting play is that it has a foundation as a physical casino company. MGM can use the cash flow from its casinos to fund online gambling development, and if it does that successfully it should add a lucrative business to the portfolio.
GAN Limited
DraftKings and MGM are the companies that are taking bets and building the apps that consumers are using, but GAN is building the background infrastructure that online gambling is built on. Its software services include player identity validation, payment services, regulatory reporting, and even some game content. And with the recently announced acquisition of Coolbet, it'll enter the sports betting market worldwide.
If sports betting continues to grow, GAN will be one of the beneficiaries because it's providing services to multiple players. And I would expect some casinos and game companies that don't have the capital to build their own infrastructure to lean on a company like GAN.
What's exciting about GAN is that it has the opportunity to grow with the online gambling and sports betting industries as well as grow the services it offers to clients. It already has a turnkey solution for infrastructure, but don't be surprised to see more games added to the portfolio so GAN can white-label the entire casino experience. That's where the real money will be made for this gambling stock.
Online sports betting is booming
As more states are added to the legal betting industry, the amount bet on sports online is growing. And that's going to be a huge tailwind for DraftKings, MGM Resorts, and GAN Limited. The industry saw U.S. betting increase from $1.85 billion in August to $2.19 billion in September and is on its way to $3 billion in monthly bets. If the industry keeps growing at this rate, it could rival the revenue of physical casinos, and that would be a truly disruptive development in gambling.
Travis Hoium owns shares of MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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Public Sports Betting Companies
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Biggest Sports Betting Companies In Usa
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