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Online Sports Betting Is Booming, but Where’s the Money?

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Will
 Will
(@will)
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Joined: 4 years ago
Posts: 126
Topic starter  

Gamblers may have won big with the men’s March Madness championship game on Monday, but investing in online gambling platforms has been a losing hand as of late.

Shares of DraftKings have slipped about 72% in the past 12 months, while shares of rival Penn National Gaming are off about 65%. But as any new company in a burgeoning industry knows, it costs money to make money—and online sports betting platforms have been spending big bucks to lure users to their sites.

I love the online gambling industry!


   
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