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п»їSports betting discussion.
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Legal Sports Betting Is Bigger than Ever -- But COVID Could Hurt Bets on the Big Game.
Social distancing could take a toll on wagers this year.
Overall wagers could be down 37% this Sunday compared to last year But online bets for Sunday could rise by 63% from 2020 DraftKings stock is up more than 300% over the past 12 months, thanks to the rise in online betting.
Sports betting is more popular, and legal, than ever, and one of biggest draws for bettors every year is wagering on the Big Game. But, like everything else right now, COVID-19 is having an impact on football betting this year.
In the video below, we'll take a closer look at why wagers on Sunday's game will likely be lower than usual, and how online sports betting -- fueled by companies like DraftKings (NASDAQ:DKNG) -- are scratching an itch for those wanting to place bets during socially distant times.
Motley Fool Returns.
Stock Advisor launched in February of 2002. Returns as of 02/07/2021.
Stocks.
DraftKings Inc.
NASDAQ: DKNG.
Related Articles.
Why DraftKings Stock Rose 16% in January These 3 Tech Stocks Are Absurdly Overvalued Right Now Stock Market Wrap-Up: DraftKings Scores; Tesla Does the Texas Two-Step Here's Why I'd Avoid DraftKings Stock Like the Plague 3 Tech Stocks You Should've Bought a Month Ago.
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